TPK5115 - Risk Management in Projects


Examination arrangement

Examination arrangement: School exam
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
School exam 100/100 4 hours C

Course content

Terminology related to risk and uncertainty in projects. Main elements of risk management to deal with risk and uncertainty in projects. Review of central practical methods for identification and analysis of risk and uncertainty. Quantitative modelling of schedule and time in project. Decision theory. Cost analysis in a life time perspective. Statistical methods for parameter estimation. Use of expert judgement for assessment of parameters. Case studies related to turnarounds.

Learning outcome


Basic insight into the theoretical foundation risk management in projects.


Be able to perform practical risk analysis for identification, structuring and modelling risk. Be able to apply the models in the various trade-off situations related to risk. Be able to assess model parameters used in project risk management.

General competence:

Understand the importance of risk management in a project management setting.

Learning methods and activities

Lectures, exercises and project work. The lectures and exercises are given in English when students who do not speak Norwegian take the course. If the teaching is given in English the examination papers will be given in English only. Students are free to choose Norwegian or English for written assessments.

Compulsory assignments

  • Activities
  • Semester Assignment

Further on evaluation

Eight exercises must be submitted and approved to be able to take the exam. A mandatory semester paper shall be carried out. The written exam counts 100 % for the grade.

Mandatory work from previous semester can be accepted by the Department by re-take of an examination if there haven't been any significant changes later.

If there is a re-sit examination, the examination form may be changed from written to oral.

Course materials

Course compendium to be downloaded from Blackboard. The course has a public home page.

Credit reductions

Course code Reduction From To
TPK5110 3.7 AUTUMN 2010
More on the course

Version: 1
Credits:  7.5 SP
Study level: Second degree level


Term no.: 1
Teaching semester:  AUTUMN 2023

Language of instruction: English

Location: Trondheim

Subject area(s)
  • Safety, Reliability and Maintenance
  • Project Quality Management
  • Production Management
  • Risk Analysis
  • Technological subjects
Contact information
Course coordinator: Lecturer(s):

Department with academic responsibility
Department of Mechanical and Industrial Engineering


Examination arrangement: School exam

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD School exam 100/100 C 2023-12-11 15:00 INSPERA
Room Building Number of candidates
SL430 Sluppenvegen 14 29
SL520 Sluppenvegen 14 2
Summer UTS School exam 100/100 C INSPERA
Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

More on examinations at NTNU