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CEM-807 Risk Management in Construction
Campus SCEE (NIT)
Programs PG
Session Fall Semester 2016
Course Title Risk Management in Construction
Course Code CEM-807
Credit Hours 3
Pre-Requisutes
Course Objectives Course Objectives:     To increase the awareness of students on the vital role of systematic tackling of risks in construction projects and introduce a risk management framework. To introduce qualitative and quantitative risk analysis tools/methods (soft systems methodology, Monte Carlo Simulation, multi-attribute decision making tools, sensitivity testing etc.) To discuss various case studies taken from construction industry to demonstrate the application of risk management principles/techniques in practice.

Course Outcomes: Upon successful completion of this course, students should be able to:
  • To assess, control, and transfer risk related to life cycle of the project.
  • To use of mathematical models based on probabilistic and statistical methods, simulation in risk identification, analysis and mitigation of project risks.
  • To understand the risk management practices currently applied in the construction industry.
Detail Content
  1. Risk and uncertainty in projects.
  2. Risk and opportunity identification.
  3. Risk and opportunity analysis.
  4. Perceptions of risk.
  5. Risk response.
  6. Crisis management and recovery.
  7. Developing and implementing a successful risk and opportunity management system.
  8. Facilities Management’s new risk and opportunity management system.
  9. A checklist of common risks and opportunities in construction projects.
  10. Risk and Opportunity Management System.
Text/Ref Books
  1. Kerzner, Harold (2000). Project Management: A System Approach to Planning, Scheduling, and Controlling. John Wiley & Sons, Inc.
  2. Cooke, B. and Williams, P. (2004). Construction Planning, Programming & Cointrol. 2nd Edition, Blackwell Publishing Inc. MA. USA.
Time Schedule Fall Semester 2015
Faculty/Resource Person Lec. Shahnila Gul
MSc, Kingston University, UK
Discipline: Civil Engineering
Specialty: Construction Engg & Management