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: Structural Engineering 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 2
4 an ability to identify, formulate, and solve engineering problems 3
5 an understanding of professional and ethical responsibility 1
6 an ability to communicate effectively 2
7 the broad education necessary to understand the impact of engineering solutions in a global and societal context 3
8 a recognition of the need for, and an ability to engage in life long learning 2
9 a knowledge of contemporary issues 4
10 an ability to use the techniques, skills, and modern engineering tools necessary for engineering practice 2
11 skills in project management and recognition of international standards and methodologies 5
COURSE EVALUATION METHOD
Method Quantity Percentage
Project
4
10
Final Exam
1
60
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 3 48
Hours for off-the-classroom study (Pre-study, practice) 14 3 42
Mid-terms 0
Assignments 4 14 56
Final examination 1 30 30
Other 1 11.5 11.5
Total Work Load:
187.5
Total Work Load/25(h):
7.5
ECTS Credit of the Course:
7.5