Course - Risk Management in Projects - TPK5115
Risk Management in Projects
About
About the course
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
Knowledge:
Basic insight into the theoretical foundation risk management in projects.
Skills:
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.
Recommended previous knowledge
Basic knowledge in statistics, probability theory, and project management.
Course materials
Course compendium to be downloaded from Blackboard. The course has a public home page.
Credit reductions
| Course code | Reduction | From |
|---|---|---|
| TPK5110 | 3.7 sp | Autumn 2010 |
Subject areas
- Safety, Reliability and Maintenance
- Project Quality Management
- Production Management
- Risk Analysis
- Technological subjects
Contact information
Course coordinator
Lecturers
Department with academic responsibility
Examination
Examination
Ordinary examination - Autumn 2025
School exam
The specified room can be changed and the final location will be ready no later than 3 days before the exam. You can find your room location on Studentweb.