RIPHAH INTERNATIONAL UNIVERSITY

FACULTY OF MANAGEMENT SCIENCES

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Subject: Project Risk Management
Course Code: ………
Credit Hours: 3 Cr Hrs
Contact Hours: 6 Hours per week for 8 weeks = 48 Hours
Faculty Name: Architect Omer Shujat Bhatti – archomershujat@gmail.com
Subject Marks: 100

Course Objectives
 To let the students develop understanding of the concepts and principles of Project Risk Management
with an objective of successful project completion.
 To let the students develop understanding of environments in which projects operate and how risks
may hinder the success of the projects.
 To acquire knowledge of the projects qualitative and quantitative risk analysis.
 To enable students to develop understanding of the concepts of risk identification and planning for
the mitigation processes.
 Understand the processes engaged with monitoring and controlling the risk management with
projects.

LEARNING OUTCOMES
At the end of this course, students should be able to
 Demonstrate an in-depth knowledge of the Project setup towards running successful project risk
analysis.
 Demonstrate an in-depth knowledge of the Project risk identification & management.
 Developing project risk responses with objective to reduce negative impacts of risks.
 Developing project strategies to transform the identified risks into opportunities through SWOT
analysis.

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COURSE CONTENTS & PLAN:

 Lecture 01: Introduction of the subject and course outline to be discussed.

 Lecture 02: Introduction to Principles and Practices engaged with Project Risk Management.
 Lecture 03: Introduction of Project Risk Management Processes & Protocols.
 Lecture 04: Understanding the Role of Project Manager in managing a Project based
Organization.
 Lecture 05: Project Risk Management – Planning.
 Lecture 06: Project Risk Management – Identification of Risks Quiz 01(10 marks).
 Lecture 07: Project 01. Develop a Project Risk Management Plan with focus on the development
of Project Charter, Project Scope and related identification of Risks. (10 Marks).
 Lecture 08: Project submission and revision of previous lecture towards preparation of Midterm
examination.
 Midterm Examination: As per schedule of the institution (20 marks).
 Lecture 09: Midterm marks announcement & papers review. Discussing the concerns & complete
remaining presentations.
 Lecture 10: Project Risk Management – Qualitative Risk Analysis.
 Lecture 11: Project Risk Management – Quantitative Risk Analysis.
 Lecture 12: Project Risk Management – Risk Response Planning.
 Lecture 13: Project Risk Management – Implementing Risk Responses. Quiz 02 (10 marks).
 Lecture 14: Project Risk Management – Monitoring Risk Responses. Assigning Project 02.
 Lecture 15: Presentation of Project 02 as final assignment (10 Marks).
 Lecture 16: Project submission and revision of previous lectures (9-15) towards preparation of
Final term examination.
 Final term Examination: As per schedule of the institution (40 marks).

RECOMMENDED BOOKS

1. PMBOK (Project management Body Of Knowledge) 6th Edition by PMI.

2. Practice Standard for Project Risk Management by PMI (2019).
3. Project Management Metrics, KPI’s and Dashboards by Dr. Harold Kerzner, PhD.
4. Project Management Case Studies by Dr. Harold Kerzner, PhD.

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MODE OF LEARNING: Lecture/ Discussion/case study (optional)/presentation/projects

ASSESSMENT CRITERIA: Quiz/Assignments/Projects = 40% (Projects, Quiz, Class

Tasks)
Mid Term = 20 %
Final Exam = 40%

GRADING CRITERIA: 90 – 100 A+ 4.0

80 – 89 A 4.0
70 – 79 B 3.0*
60 – 69 C 2.0*
50 – 59 D 1.0*
Less than 50 F 0.0
Incomplete I-
Withdrawal W -
Replaced Grade – R

* to be increased by 0.1 for every 1 score above the minimum for the letter grade band.

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