Unit

School Of Built Environment

Risk Management and Decision MakingWestern Sydney University Unit Code: 301192.2

Discipline: BUSINESS AND MANAGEMENT NOT ELSEWHERE CLASSIFIED

Student Contribution Band: 4

Level: 7

Credit Points: 10

Unit Enrolment Restrictions
Students must be enrolled in course 3752 Master of Project Management.

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About this Unit
This unit introduces decision theory, concepts and techniques applicable in managing projects. These techniques provide the basis for understanding project risks. The risk management process is reviewed in detail and dynamics of applying it in specialisation domains is discussed. The unit also analyses the concept of value and how value management is applied in managing projects. The different approaches of applying value management in different specialisations are discussed.