Project Risk Management
6 Credits (ECTS)
Project Risk Management
Get 70% back via Tax Credit
€613 refund on this module
Module Description
Project risk management has evolved significantly over the past few years. This module provides an in-depth understanding of the best practices, as based on different views and on practitioners’ experiences.
The module will help you identify and analyse any risk that may arise over the course of a project’s lifecycle to keep the project on track and meet pre-determined goals.
Managing risk isn’t merely a reactive approach; one should use the planning process to figure out what risks might occur during the execution phase.
This module also examines risk management across different types of projects. With large-scale projects, risk management strategies might include extensively detailed planning to ensure mitigation strategies are in place.
For smaller projects, risk management might mean a simple, prioritised list of high, medium and low risks.
Entry Requirements
Candidates who apply for this course must possess one of the following:
- a Level 6 degree;
OR
- a Level 5 diploma or higher diploma and 5 years’ work experience in a supervisory or managerial role.
Preference is given to applicants having a Level 6 degree in a discipline related to the study programme and a minimum of 3 years’ work experience in management.
Target Audience
This course is targeted at management professionals with supervisory and/or middle management experience such as:
- Operations Manager/ Coordinator
- Financial Manager
- Supply Chain Manager
- Shop Floor Manager/ Supervisor
- Marketing and Sales Manager
- Services Manager/ Supervisor.
- Retail Managers/ Supervisors
- Transport Managers
- Maintenance Managers
- Marketing Managers
The target group focuses primarily on people already employed within supervisory and managerial roles who wish to have a more thorough background in the subject in order to progress further in their careers.
Career Paths
The programme aims to prepare you for senior posts such as that of General Manager, Head of Department or Director of any organisation, both in the private and public sector.
How you’ll be assessed
The course comprises:
- Evening classes for part-time courses.
- Classes held throughout the day for full-time courses.
- Guided learning, presentations, comprising synchronous online discussions, tutorials and/or videos.
- Self-study hours comprising research, reading and assignment work.
Assessment
Assessment is carried out via two mandatory components:
- Modular Assessment
- Dissertation Assessment
The programme includes different forms of assessment which allow for and promote students’ critical engagement. The formative and summative assessment tasks may include an in-class assignment and/or a home-based written assignment using diverse assessment tools which may take the form of online and in-class discussions, examinations, case studies, reports, proposals, essays, and presentations, etc., as applicable to the diverse modules.
Additional Info
Upon successful completion of this course, students will be eligible for a 70% refund of the cost through the ‘Get Qualified’ scheme.**
Due to the modular structure of the course, you may also opt to take individual modules as stand-alone. The entry requirements still apply.***
*Prices are applicable to students who reside in Malta at the time of applying.
**Terms and conditions apply.
Learning Outcomes
Competences:
At the end of the module/unit the learner will have acquired the responsibility and autonomy to:
- Critically Apply risk management tools and techniques to manage a variety of projects in own organisation.
- Create an action plan indicating strategies to avoid any risk during the course of work.
- Build a communication plan to disseminate information to relevant stakeholders.
- Carry out project risk assessment to ensure the feasability of the project.
- Critically evaluate resources and budgets to avoid incurring unnecessary losses/risks.
- Critically analyse potential risks, obstacles and barriers which can hinder the project progress.
- Critically analyse project environment to identify potential risks.
Knowledge:
At the end of the module/unit the learner will have been exposed to the following:
- Evaluate the criteria for selecting a risk management procedure.
- Critically analyse the usefulness of risk management framework and strategy.
- Critically judge the difficulties associated with estimating/evaluating risk impacts.
- Assess the initiatives for undertaking formal risk management policies.
- Critically evaluate the issues to establish a formal risk assessment process.
Skills:
At the end of the module/unit the learner will have acquired the following skills:
- Critically evaluate the application of formal risk management process in a project context.
- Analyse comprehensive list of risks associated with different type of projects.
- Critically interpret different approaches to assess uncertainty and risk;
- Appraise group work and communication during the modules.
- Critically apply key skills in information handling, analysis and written communication.
- Assess critically secondary or new risks arising from other primary risks.
- Apply risk monitoring and controlling during the course of the project. .
Judgment Skills and Critical Abilities:
The learner will be able to:
- Critically analyse procedures in carrying out own project.
- Critically discuss appropriate course of action/change in course of action based on risk assessments.
Module-Specific Communication Skills:
The learner will be able to:
- Communicate and apply an action plan to key stakeholders during the different stages of project implementation.
- Develop regular reports to document changes, deadlines and disseminate important information.
- Critically interpret project ideas with colleagues and superiors to receive constructive feedback § Illustrate the different stages of the project using adequate software.
- Draw up a Mind Map to organise the information in a visual manner.
Module-Specific Learner Skills:
The learner will be able to:
- Improve personal time management and planning skills in relation to project management.
Module-Specific Digital Skills and Competences:
The learner will be able to:
- Navigate through the online learning platform to find assignments, discussion boards, literature, tutorials etc