Risk Management and Decision Making

In the dynamic landscape of construction project delivery, effective risk management and decision-making skills are critical for ensuring project success. This unit explores the key principles and advanced methodologies required for identifying, analysing, and mitigating risks inherent in construction projects. Through a rigorous exploration of both theoretical frameworks and practical scenarios, students will develop a comprehensive understanding of risk management frameworks, enabling them to assess the impact of diverse risk factors and develop comprehensive risk mitigation strategies. From corporate strategic risks to project-specific uncertainties and operational challenges, this unit equips students with the strategic mindset and analytical capabilities crucial for strategising against risks in complex environments. Through teaching and learning approaches that include engaging discussions, detailed case studies, simulated stakeholder meetings, and practical hands-on exercises, the unit is designed to equip students with the skills necessary to lead in the construction project management field.