SRQ763 - Project Risk Management
Unit details
| Year | 2026 unit information |
|---|---|
| Enrolment modes: | Trimester 1: Waterfront (Geelong), Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Unit Chair: | Trimester 1: Dominic Doe Ahiaga-Dagbui |
| Prerequisite: | Nil |
| Corequisite: | Nil |
| Incompatible with: | Nil |
| Educator-facilitated (scheduled) learning activities - on-campus unit enrolment: | 1 x 1 hour lecture per week, 1 x 1 hour seminar per week. |
| Educator-facilitated (scheduled) learning activities - online unit enrolment: | Online independent and collaborative learning including 5 x 1 hour online seminars per trimester. |
| Typical study commitment: | Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit. |
Content
SRQ763 examines complex construction project risks from the perspective of clients and contractors as key stakeholders to a project. The unit will explore the key sources of risk on construction projects as well as their implications on cost, time, quality, value-for-money, benefits and other key project deliverables. Students will learn about the theory and practice of the risk management process and how risk management can be used to deliver the needed quality assurance particularly on major construction projects. They will consider why certain construction projects often fail to meet their key targets and critically apply tools and techniques to assess, quantify, qualify, prioritise and document risks. Students will explore the challenges of implementing an effective risk management framework within an environment of uncertainty. Through learning and assessment activities students will engage in strategic approaches for risk identification, analysis and management, risk allocation and contractual implication of project risks. The unit content will be supported through case study analysis and problem-based learning to aid students in developing skills and knowledge of risk identification, analysis, management and implementation and controls.
Learning outcomes
Each unit in your course is a building block towards Deakin's Graduate Learning Outcomes - not all units develop and assess every Graduate Learning Outcome (GLO).
| ULO | These are the Unit Learning Outcomes (ULOs) for this unit. At the completion of this unit, successful students can: | Alignment to Deakin Graduate Learning Outcomes (GLOs) |
|---|---|---|
| ULO1 | Identify and analyse causes of risk on complex construction projects in order to make recommendations to minimise the identified risk. | GLO1: Discipline-specific knowledge and capabilities |
| ULO2 | Demonstrate an understanding of project risk management systems in construction project delivery. | GLO1: Discipline-specific knowledge and capabilities |
| ULO3 | Develop risk management plans through the application of risk management theory and risk analysis. | GLO1: Discipline-specific knowledge and capabilities GLO4: Critical thinking GLO5: Problem solving |
| ULO4
| Apply the principles of a qualitative and quantitative risk management approach in order to initiate effective and practical solutions on construction projects. | GLO1: Discipline-specific knowledge and capabilities GLO3: Digital literacy GLO4: Critical thinking GLO5: Problem solving |
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1 Written report | Written report, 3,000 word maximum | 30% | Week 5 |
| Assessment 2 Written report (Group) | Collaborative written report, 5,000 word maximum | 30% | Week 8 |
| Assessment 3 Project risk portfolio | Written report, 4,000 word maximum | 40% | Week 11 |
The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.
Learning resource
The texts and reading list for SRQ763 can be found via the University Library.
Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.
Bring Your Own Device (BYOD)
To fully engage with Deakin's learning experiences, students must be able to access and use internet-connected devices as outlined in computing requirements at Deakin.
To support student success at Deakin, we have a bring-your-own-device (BYOD) learning environment that acknowledges that students and educators bring with them the digital tools they regularly use to complete academic tasks. These tools stay with you beyond the classroom, helping you to keep learning, explore ideas more deeply, and connect with knowledge in ways that matter to you.
Students requiring a loan device should visit our Loan Laptop webpage or students requiring longer-term assistance should visit our Student Financial Assistance webpage.
Unit fee information
Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.
Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.
For further information regarding tuition fees, other fees and charges, invoice due dates, withdrawal dates, payment methods visit our Current Students website.