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CEM-807 Risk Management in Construction
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Campus
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SCEE (NIT)
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Programs
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PG
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Session
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Fall Semester 2016
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Course Title
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Risk Management in Construction
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Course Code
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CEM-807
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Credit Hours
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3
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Pre-Requisutes
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Course Objectives
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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.
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Detail Content
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- Risk and uncertainty in projects.
- Risk and opportunity identification.
- Risk and opportunity analysis.
- Perceptions of risk.
- Risk response.
- Crisis management and recovery.
- Developing and implementing a successful risk and opportunity management system.
- Facilities Management’s new risk and opportunity management system.
- A checklist of common risks and opportunities in construction projects.
- Risk and Opportunity Management System.
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Text/Ref Books
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- Kerzner, Harold (2000). Project Management: A System Approach to Planning, Scheduling, and Controlling. John Wiley & Sons, Inc.
- Cooke, B. and Williams, P. (2004). Construction Planning, Programming & Cointrol. 2nd Edition, Blackwell Publishing Inc. MA. USA.
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Time Schedule
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Fall Semester 2015
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Faculty/Resource Person
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Lec. Shahnila Gul
MSc, Kingston University, UK
Discipline: Civil Engineering
Specialty: Construction Engg & Management
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