Identification and Risk Management in Engineering Projects

Course title: Identification and Risk Management in Engineering Projects

Code: 3ФЕИТ04З007

Number of credits (ECTS): 6

Weekly number of classes: 3+2+0+0

Prerequisite for enrollment of the subject: None

Course Goals (acquired competencies): Obtaining professional knowledge and skills for identification and management of the project risks and possibilities.

Total available number of classes: 180

Course Syllabus: Introduction to Risk management. World trends in in project risk management. PMBOK (PMI) and risk management. Project risk. Risk categories in different project types and project life-cycle phases. Risk management outcomes. Risk management phases. Identification, Quantification. Risk status. Risk evaluation. Evaluation criteria. Avoiding and transferring the risk. Risk mitigation. Risk response. Largest risk factor in projects. Risk in business environment. Risk management methods. Risk analysis. Evidence based Risk management. Risk management portfolio. Risks and criteria for project mission success. Scope of works and the risk. Risk allocation. Business contracts.

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