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.
Professional Master in Civil Engineering Program

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