RISK AND COST ENGINEERING

EMS5RCE

Not currently offered

Credit points: 15

Subject outline

Inaccurate costing and mitigation of risks are key areas which often result in project failures and in poor decision making. This subject aims to equip the student with fundamental risk-based methodologies and engineering economic analysis to facilitate effective quality and financial management. These tools will be practised within engineering case studies and environments to demonstrate the applicability of these concepts within engineering project management and quality systems implementation.

SchoolEngineering and Mathematical Sciences

Credit points15

Subject Co-ordinatorAlex Stumpf

Available to Study Abroad/Exchange StudentsNo

Subject year levelYear Level 5 - Masters

Available as ElectiveNo

Learning ActivitiesN/A

Capstone subjectNo

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsEMS5CE OR EMS5RIE

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Readings

Engineering Economics

Resource TypeRecommended

Resource RequirementN/A

AuthorJ. K. Yates

Year2017

Edition/VolumeN/A

PublisherCRC press

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Managing Risk A rapid builder team briefing booklet

Resource TypePrescribed

Resource RequirementN/A

AuthorJon C. Warner

Year2006

Edition/VolumeN/A

PublisherWorldwide center for organizational development

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Fundamentals of Risk Management

Resource TypePrescribed

Resource RequirementN/A

AuthorPaul Hopkin

Year2014

Edition/VolumeN/A

PublisherKogan Page Ltd

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

Intended Learning Outcomes

01. Comprehensively and effectively apply relevant engineering accounting techniques to engineering projects and systems.
02. Establish a set of risk management frameworks from a range of tools to ensure given quality management systems are effective, adequate and updated.
03. Design and evaluate costing measures through an expert understanding of design requirements and processes.
04. Analyse cost and risk parameters with respect to engineering designs and systems.
05. Apply analytical tools to identify nonconformities and inadequate protocols which obstruct an organization from meeting customer requirements and accomplishing strategic objectives.

Subject options

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Subject not currently offered - Subject options not available.