COURSE INFORMATION Course Title: RISK MANAGEMENT IN CONSTRUCTION

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
CE 416	B	2	2	2	0	3	7.5

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Julinda Keçi
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Compulsory
Classroom and Meeting Time:
Course Description:	-
Course Objectives:	The primary course learning objectives are for the student to have: - A broad knowledge of risk concepts, principles and terminology; - A good comprehension of how major project risks are identified and assessed; - An understanding of specific risk analysis methodologies and the ability to apply them in practice; and - An up-to-date knowledge of risk management best practices in the construction industry.

COURSE OUTLINE

Week	Topics
1	General Introduction
2	Putting Risk into Perspective
3	Risk and Uncertainty in Construction projects
4	Contracts and Risks
5	Risk Management System
6	Project Risk Identification
7	Project Risk Analysis: Qualitative and Quantitative Risk Analysis
8	Project Risk Analysis: Qualitative and Quantitative Risk Analysis
9	Project Risk Analysis: Applications
10	Risk Response Planning, Risk Monitoring and Controlling
11	Decision Analysis Considering the Project Constraints: Time, Cost and Quality
12	Sensitivity, Breakeven and Scenario Analysis
13	Risk Management in Public-Private Partnership Deliveries
14	Simulation, Case study

Prerequisite(s):	-
Textbook:	- Managing Risk: In Construction Projects, by Nigel J. Smith, T. Merna, P. Jobling, 3rd Edition, 2014, Wiley. - Risk Management and Construction, Roger Flanagan, George Norman, 1993, Wiley. - Risk Management for Design and Construction, Ovidiu Cretu, Robert B. Stewart, Terry Berends, 2011, Wiley. Additional readings: - Project Risk Management Guidelines: Managing Risk with ISO 31000 and IEC 62198, Dale Cooper, Pauline Bosnich, Stephen Grey, Grant Purdy, Geoffrey Raymond, Phil Walker, Mike Wood, 2014, Wiley. - Managing Risk in Large Projects and Complex Procurement, by D. F. Cooper, S. Grey, G. Raymond and P. Walker, 3rd Edition, 2012,
Other References:
Laboratory Work:
Computer Usage:	Ms Excel, MS Project
Others:	No

COURSE LEARNING OUTCOMES

1	To learn the basics of risks and uncertainties in construction industry
2	To learn evaluate the risk-based construction contracts
3	To learn the theory of risk management as well as methods and techniques to identify, evaluate, and develop responses to project risk
4	To apply the tools and techniques of RM in construction projects

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
MSc in Civil Engineering, Profile: Construction Management Program
1	an ability to apply knowledge of mathematics, science, and engineering
2	an ability to design a system, component, or process to meet desired needs
3	an ability to function on multidisciplinary teams
4	an ability to identify, formulate, and solve engineering problems
5	an understanding of professional and ethical responsibility
6	an ability to communicate effectively
7	the broad education necessary to understand the impact of engineering solutions in a global and societal context
8	a recognition of the need for, and an ability to engage in life long learning
9	a knowledge of contemporary issues
10	an ability to use the techniques, skills, and modern engineering tools necessary for engineering practice
11	skills in project management and recognition of international standards and methodologies

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Project	5	10
Final Exam	1	50
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	16	4	64
Hours for off-the-classroom study (Pre-study, practice)	14	4	56
Mid-terms			0
Assignments	5	8	40
Final examination	1	28	28
Other			0
Total Work Load:			188
Total Work Load/25(h):			7.52
ECTS Credit of the Course:			7.5