Program Director Contact Details: Project Management
Name: Associate Professor Indra Gunawan
email: indra.gunawan@adelaide.edu.au

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Teaching Staff:
Semester 2
Name: Paresh Kinra

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On successful completion of this course, students will be able to:

1	Identify the core types of project risks;
2	Use qualitative and quantitative risk assessment methods;
3	Competently use risk simulation techniques and other risk analysis tools/methods and work in a group to create a risk management plan based on the ISO 31000:2009;
4	Identify a range of risk management issues/challenges and the risks within systems and be competent to initiate potential actions in response;
5	Demonstrate continued learning and personal development;
6	Recognise ethical, social and cultural issues and their importance for project managers.

Recommended but not required textbooks:

Marchetti, A.M. (2012), Enterprise Risk Management, Best Practices, Wiley.
Bowden, A., Lane, M., and Martin, J., (2001), Triple Bottom Line Risk Management, Wiley.

There is a wide range of material on the course topic available. The following provides some additional reading guidance if you are interested in reading further on the topic.

Chapman, Chris and Ward, Stephen	1997	Project Risk Management, Wiley
Chorafas, Dimitris	2001	Managing Risk in the New Economy, New York Institute of Finance
Clark, Kim & Wheelwright, Steven	1993	Managing new Product and Process Development, HBS
Cooper, Robert	2001	Winning at New Products, 3rd Edition, Perseus Publishing, Cambridge Massachusetts
Crawford, C Merle, and Di Benedetto, C Anthony	2000	New Products Management. Irwin McGraw-Hill
Deschamps, Jean-Philippe and Nayak, P Ranganath	1995	Product Juggernauts, Arthur D Little
Gray, Clifford & Larson, Erik	2000	Project Management, McGraw-Hill.
Hardy, Karen	2015	Enterprise Risk Management, Wiley
Jolly Vijay	1997	Commercialising New Technologies, Harvard Business School Press
Louisot, J-P and Kethcam Christopher	2014	Enterprise Risk Management - Issues and case studies, Wiley
McGrath, Michael	2001	Product Strategies for High Tech Companies, 2nd Edition, McGraw-Hill
Pickford, James	2001	Mastering Risk, Volume 1: Concepts, Financial Times
Smith, Preston G and Reinertsen, Donald	1995	Developing Products in Half the Time, Van Nostrand Reinhold
Van de Ven, Andrew, Polley, Douglas, Garud, Raghu, & Venkataraman, Sankataran	1999	The Innovation Journey, Oxford UP

Library Resources
The University of Adelaide’s Barr Smith Library provides a range of learning resources including texts, journals, periodicals, magazines, and access to online databases and information services. It also offers a virtual library which is accessible via the University’s website. Access to the Library's electronic resources.

Other resources
If you are a member of the PMI (http://www.pmi.org/Membership.aspx) you will “gain exclusive access to PMI publications and our global standards*, networking options with our chapters and online communities of practice, and leadership and volunteer opportunities. You’ll also receive discounts on certification exams and renewals, as well as our professional development offerings.” Student membership is USD$40 to join and USD$30 to renew.

* Log in to access complimentary read-only PDFs of all of PMI's published standards or take advantage of discounts on paperback editions
http://www.pmi.org/PMBOK-Guide-and-Standards/Standards-Library-of-PMI-Global-Standards.aspx

MyUni is the University of Adelaide's online learning environment. It is used to support traditional face-to-face lectures, tutorials and workshops at the University. MyUni provides access to various features including announcements, course materials, discussion boards and assessments for each online course of study.

This course is offered in blended learning mode with the face-to-face component offered as intensives.

As a guide, a 3 unit course comprises a total of 156 hours work (this includes face-to-face contact, any online components, and self directed study).

This is a draft schedule that may be changed during the course delivery if necessary.

session	Content
1	Introduction to Risk and why we need to Manage our Risks
2	AS/NZS/ISO 31000:2009 – Risk Management Standard
3	Applying the Risk Management Process
4	Discuss Assignment 1; Examples and tools; Case Study
5	Introduction; Presentation of Assignment 1, Project Selection (under uncertainty)
6	Systemic Risk; Enterprise Risk; Complex Systems; Health and Safety Risk
7	Establishing effective Risk Management
8	Discuss Assignment 2; Discuss Assignment 3 ; Case Studies & additional examples
Risk Management Magazine http://newsletters.keymedia.com.au/5843.aspx  And www.rmmagazine.com

An overview of the course assessment appears in the following Table. Details appear in the following section:

#	Assessment Task	Task Type	Length	Weighting	Learning Outcomes
1	Risk Register [Including  presentation]	Group	Minimum 3,000 words	30%	1-4
2	Risk Management Plan	Individual	2,000 words	30%	1-4
3	Systemic Risk	Individual	2,500 words	30%	4-6
4	Class Participation	Individual	N/A	10%	1-6
	Total			100%

Students should attend all classes in order to pass the course. There is considerable experiential learning during classes that build your knowledge and thus enable you to be successful in this course.

Course results may be subject to moderation by the Assessment Review Committee.

Appropriate use of the sources in assignments
Avoiding plagiarism is not just referencing sources used within an assignment. It is taking the source information and critically evaluating it against other sources, your own views and original research on the matter, and how that fits the hypothesis of your assignment topic. It is plagiarism when there is little or no original content in the assignment, regardless of citing sources.

For more information, review the resources at the University’s Writing Centre to assist in appropriate referencing and avoiding plagiarism.

Or complete the Academic Integrity module found within any MyUni course, under the Assignment Help tab. It is important you do not breach the University’s Academic Integrity Policy as penalties will be applied to your grade.

Plagiarism detection software Turnitin is used to check assignments. Make sure you familiarise yourself in how to review reports. Turnitin Quick Start Guides

Risk Register and Presentation
Form groups of 4-5 people and complete a risk register for a project that can be a project of one of the members of the group or a future project. Identify at least 50 risks in the project and develop the risk register using the given standard template.

Present your risk management approach and risk register related to the chosen project. Present and Discuss the top 10 risks and explain why you have decided on the chosen treatments. The presentation is to be shared amongst the group.

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Risk Management Plan 

Individually write up a Risk Management plan and comment on the identified top 10 risks concerned with the chosen project and explain why you have decided on the chosen treatments. You may use the approach of AS/NZS/ISO 31000:2009, with the addition of Critical Success Factors, or Bowden, Lane and Martin’s approach.

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Systemic Risk
The purpose is to research current trends in the theory and application of Risk Management at the systems level. Using secondary data (published literature or publically available data), Review a project or system where risk management has gone wrong or systemic risks are observed. Draw a systems map to showcase the systems that influence, cascade and interact with each other. Review the consequences which have occurred at the system level and comment on the cascading effects. Did the organisation or enterprise have the risk appetite for the consequences? Use the learnings from the second intensive where applicable to examine the way the systemic risk has been managed. Critique the techniques used in the organisation against those discussed in scholarly papers. Where could things have been improved?

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Participation and engagement
Proactively contributing to the course by offering ideas, examples, engaging and collaborating with peers during the course.

All text based assignments must be submitted via MyUni:

• Assignment Submission: Assignments should not be emailed to the instructor; they must be lodged via the MyUni Course site (unless specified to do both).
• Cover Sheet: Please include in the assignment a completed University of Adelaide Assessment Cover Sheet (found in MyUni, under Modules) providing details of yourself and your team members (if applicable), your assignment, the course, date submitted, etc. as well as the declaration signed by you that this is your (your team’s) work. Note that the declaration on any electronically submitted assignment will be deemed to have the same authority as a signed declaration.
• Backup Copy of Assignments: You are advised to keep a copy of your assignments in case the submitted copy goes missing. Please ensure that all assignment pages are numbered. If your assignment contains confidential information, you should discuss any concerns with the Course Lecturer prior to submission.
• Assessment extensions request: An application for Assessment Extension should be made before the due date of the assignment to the Course Lecturer. Normally, extensions will only be granted for a maximum of two weeks from the original assignment submission date. Extensions will only be granted in cases of genuine medical, compassionate or extenuating circumstances. See sections 3 and 7a) i. in particular on assessment extensions in the Modified Arrangements for Coursework Assessment (MACA) Policy.
• Failure to submit: Failure to submit an assignment on time or by the agreed extension deadline may result in penalties and may incur a fail grade. Note that a late penalty of 5% of the total available marks for that assessment item will be incurred each day an assignment is handed in late (Unless otherwise stated in 'Assessment Related Requirements' or 'Assessment Detail' above). Assignments handed in after 14 days from the due submission date will fail even if a 100% mark is granted for the work.
• Resubmission: of an assignment after reworking it to obtain a better mark will not normally be accepted. Approval for resubmission will only be granted on medical or compassionate grounds.
• Appealing a mark or grade: If you are dissatisfied with your mark or grade, you may request a review or re-mark. There must be academic or procedural reasons for your request, so you can’t simply request a re-mark because you are disappointed with your result. For more information on the process see Assessment Grievance: Appealing a mark or grade