course-details-portlet

TPK5115

Risk Management in Projects

Credits 7.5
Level Second degree level
Course start Autumn 2021
Duration 1 semester
Language of instruction English
Location Trondheim
Examination arrangement Portfolio assessment

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

  • Exercises

Further on evaluation

Portfolio assessment is the basis for the grade in the course. The portfolio includes a semester paper counting 30 % and a written exam counting 70 %. The results for the parts are given in %-scores, while the entire portfolio is assigned a letter grade according to the grading scale using percentage points. Admission to taking exam requires exercises to have been approved.

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.

By a re-take of an examination all assessments during the course, that counts in the final grade, have to be re-taken. 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
TPK5110 3.7 sp Autumn 2010
This course has academic overlap with the course in the table above. If you take overlapping courses, you will receive a credit reduction in the course where you have the lowest grade. If the grades are the same, the reduction will be applied to the course completed most recently.

Subject areas

  • Safety, Reliability and Maintenance
  • Project Quality Management
  • Production Management
  • Risk Analysis
  • Technological subjects

Contact information

Course coordinator

Lecturers

Department with academic responsibility

Department of Mechanical and Industrial Engineering

Examination

Examination

Examination arrangement: Portfolio assessment
Grade: Letter grades

Ordinary examination - Autumn 2021

Semester assignment
Weighting 30/100 Duration 1 semesters
Home exam (1)
Weighting 70/100 Date Release 2021-12-17
Submission 2021-12-17 Time Release 09:00
Submission 13:00 Duration 4 hours Exam system Inspera Assessment
  • Other comments
  • 1) Merk at eksamensformen er endret til hjemmeeksamen som et smittevernstiltak i den pågående koronasituasjonen.

Re-sit examination - Summer 2022

Semester assignment
Weighting 30/100 Duration 1 semesters
Home exam
Weighting 70/100 Duration 4 hours Exam system Inspera Assessment

All about examinations at NTNU