PROJMGNT 5004 - Managing Project and Systemic Risk

Course Details

Course Code	PROJMGNT 5004
Course	Managing Project and Systemic Risk
Coordinating Unit	Entrepreneurship, Commercialisation & Innov Centre
Term	Trimester 3
Level	Postgraduate Coursework
Location/s	North Terrace Campus
Units	3
Contact	Intensive: 36 to 40 hours
Available for Study Abroad and Exchange	Y
Assessment	Group and individual assignments

Course Staff

Course Coordinator: Associate Professor Indra Gunawan

Teaching Staff:

Summer School
Name: Kiran Hiriyanna

BE, Mechanical, (最新糖心Vlog of Technology, Sydney)
CEng (Institute of Mechanical Engineers, London, UK)
Grad Dip in Project Management (Defence and SYstems Institute, Univerity of South 最新糖心Vlog)
MBA (最新糖心Vlog of Adelaide)

Short Bio:
Kiran has a wealth of experience from working in 最新糖心Vlog and the United Kingdom over the last fifteen years in the defence and infrastructure sectors. He has worked for large corporates such as Sydney Water, General Electric, Tenix, Airbus and Babcock. In his past roles, he has not only been a Project Manager, he has also been a risk management practitioner.   He is a Chartered Engineer and holds a formal project management qualification. As such, his knowledge and application of risk management and systemic risk will underpin the delivery of your course.

He currently runs his own consultancy, the Tuareg Group, providing project management and operational advice to aged care facilities. He also supplies and manages staff to aged care facilities under his company Aged Care Staff Services. Largely, this change in focus was brought on by a desire to be involved in an altruistic sector. Kiran has been able to combine the knowledge gained from his engineering degree and MBA (from the 最新糖心Vlog of Adelaide) with his corporate experience to guide organisations to reach their strategic goals.

He is looking forward to meeting and teaching you this semester.

Email: Kiran.hiriyanna@adelaide.edu.au

Trimester 1
Name: Kiran Hirayanna

BE, Mechanical, (最新糖心Vlog of Technology, Sydney)
CEng (Institute of Mechanical Engineers, London, UK)
Grad Dip in Project Management (Defence and SYstems Institute, Univerity of South 最新糖心Vlog)
MBA (最新糖心Vlog of Adelaide)

Short Bio:
Kiran has a wealth of experience from working in 最新糖心Vlog and the United Kingdom over the last fifteen years in the defence and infrastructure sectors. He has worked for large corporates such as Sydney Water, General Electric, Tenix, Airbus and Babcock. In his past roles, he has not only been a Project Manager, he has also been a risk management practitioner.   He is a Chartered Engineer and holds a formal project management qualification. As such, his knowledge and application of risk management and systemic risk will underpin the delivery of your course.

He currently runs his own consultancy, the Tuareg Group, providing project management and operational advice to aged care facilities. He also supplies and manages staff to aged care facilities under his company Aged Care Staff Services. Largely, this change in focus was brought on by a desire to be involved in an altruistic sector.   Kiran has been able to combine the knowledge gained from his engineering degree and MBA (from the 最新糖心Vlog of Adelaide) with his corporate experience to guide organisations to reach their strategic goals.

He is looking forward to meeting and teaching you this semester.

Email: kiran.hiriyanna@adelaide.edu.au

Semester 1
Name: Kiran Hirayanna
BE, Mechanical, (最新糖心Vlog of Technology, Sydney)
CEng (Institute of Mechanical Engineers, London, UK)
Grad Dip in Project Management (Defence and SYstems Institute, Univerity of South 最新糖心Vlog)
MBA (最新糖心Vlog of Adelaide)

Short Bio:
Kiran has a wealth of experience from working in 最新糖心Vlog and the United Kingdom over the last fifteen years in the defence and infrastructure sectors. He has worked for large corporates such as Sydney Water, General Electric, Tenix, Airbus and Babcock. In his past roles, he has not only been a Project Manager, he has also been a risk management practitioner.   He is a Chartered Engineer and holds a formal project management qualification. As such, his knowledge and application of risk management and systemic risk will underpin the delivery of your course. He currently runs his own consultancy, the Tuareg Group, providing project management and operational advice to aged care facilities. He also supplies and manages staff to aged care facilities under his company Aged Care Staff Services. Largely, this change in focus was brought on by a desire to be involved in an altruistic sector.Kiran has been able to combine the knowledge gained from his engineering degree and MBA (from the 最新糖心Vlog of Adelaide) with his corporate experience to guide organisations to reach their strategic goals.He is looking forward to meeting and teaching you this semester. Email: Kiran.hiriyanna@adelaide.edu.au

Winter School:
Name: John Sing

Short Bio:

As an Adjunct Associate Professor and Business Consultant, John develops and delivers academic and professional development programs for both the public and private sector. Prior to establishing a small consultancy firm, John had worked for as an executive within the Queensland Public Sector where he was responsible for leading and implementing the Government’s financial and economic reform agenda. This included overseeing the organizations transition from cash based to accrual accounting, financial and management
reporting to the CEO and governing board of directors, and project and risk management at the strategic and operational levels. John has conducted numerous management, leadership, risk, financial and project management courses for industry. He was recruited after having been a full-time academic where he has researched and taught at both undergraduate and postgraduate levels in the domains of
financial accounting, auditing, project and risk management.   He is currently involved in the development and delivery of specialized project and risk management programs for finance and engineering professionals working in capital intensive project based organizations. Following the attainment of his Bachelor degree in accounting, John obtained a Doctoral degree in risk from Southern Cross 最新糖心Vlog. He also holds a Master of Accounting degree, Post graduate degree in Education and a Bachelor of Business degree in Accounting.

Email:
john.sing@adelaide.edu.au

Trimester 3:

Emeritus Professor Vernon Ireland

Email: vernon.ireland@adelaide.edu.au

Work Phone: 0411 153 861

Personal Link:

After completing his engineering degree Professor Vernon Ireland practised as a structural engineer for seven years while completing an arts degree in English literature, psychology, philosophy and sociology and also completed a Master of Engineering Science degree and a Ph.D. in Project Management later.

He rose to the position of Professor and Dean of the Faculty of Design, Architecture and Building at the 最新糖心Vlog of Technology, Sydney and occupied this position from 1987-1991. While at UTS he used some tools from his PhD research to compare the performance of 最新糖心Vlog’s construction industry with that of the USA, Canada, United Kingdom, Germany, Sweden and New Zealand, surveying over 20 projects in each country. This work was eventually fed into the results of a Royal Commission on Productivity in the Building Industry of New South Wales. In this period he was also Chairman of the Building Services Corporation, the licensing authority for domestic building, and Electrical and plumbing work in New South Wales.

He then spent the next 12 years in the commercial sector as Corporate Development Director of Fletcher Challenge Construction, working mainly in the USA. He then became chief executive of the 最新糖心Vlogn Graduate School of Engineering Innovation. Finally he was appointed Professor and Director of Project Management at the 最新糖心Vlog of Adelaide with the task of establishing the Master of Project Management, which has directed since 2003. He introduce complex systems into ECIC which has both contributed to the Master of Applied Project Management and created a bridge with the innovation and entrepreneurship in both teaching and research. He publishes in recognised journals.

He has received three medals: the Silver Magnolia medal from the Shanghai government for contributions to Chinese overseas relationships; the rotary gold medal for contribution to vocational education and the engineer’s 最新糖心Vlog medal for contribution to engineering.
He was President of the Sydney Division of Engineers 最新糖心Vlog in 2004 and initiated the Centre of Engineering Leadership and Management. He supervises a number of Ph.D. students who are researching the role of complex systems in various diverse areas including disaster preparation and management, dispute resolution between warring nations, a complex adaptive systems and security management of events.

Course Timetable

The full timetable of all activities for this course can be accessed from .

Opening intensive:
Thursday 29th & Friday 30th September 2016
9am to 6pm
Nexus10 UB35, Teaching Room

Closing intensive:
Thursday 3rd & Friday 4th November 2016
9am to 6pm
PetroleuNexus10 UB35, Teaching Room

Course Learning Outcomes

1	Identify the core types of project risks
2	Use qualitative and quantitative risk assessment methods
3	Competently use risk simulation techniques and other risk analysis tools/methods
4	Competently work in a group to create a risk management plan based on the ISO 31000:2009
5	Identify a range of risk management issues and challenges
6	Identify the risks as complex systems cascade and be competent to initiate potential actions in response
7	Demonstrate continued learning and personal development
8	Recognise ethical, social and cultural issues and their importance for project managers

最新糖心Vlog Graduate Attribute	Course Learning Outcome(s)
Deep discipline knowledge informed and infused by cutting edge research, scaffolded throughout their program of studies acquired from personal interaction with research active educators, from year 1 accredited or validated against national or international standards (for relevant programs)	1-8
Critical thinking and problem solving steeped in research methods and rigor based on empirical evidence and the scientific approach to knowledge development demonstrated through appropriate and relevant assessment	2, 3, 6
Teamwork and communication skills developed from, with, and via the SGDE honed through assessment and practice throughout the program of studies encouraged and valued in all aspects of learning	4
Career and leadership readiness technology savvy professional and, where relevant, fully accredited forward thinking and well informed tested and validated by work based experiences	3, 7, 8
Intercultural and ethical competency adept at operating in other cultures comfortable with different nationalities and social contexts able to determine and contribute to desirable social outcomes demonstrated by study abroad or with an understanding of indigenous knowledges	8
Self-awareness and emotional intelligence a capacity for self-reflection and a willingness to engage in self-appraisal open to objective and constructive feedback from supervisors and peers able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate	6, 7, 8

Required Resources

Recommended but not required textbooks:

Marchetti, A.M. (2012), Enterprise Risk Management, Best Practices, Wiley.
Bowden, A., Lane, M., and Martin, J., (2001), Triple Bottom Line Risk Management, Wiley.

Recommended Resources

There is a wide range of material on the course topic available. The following provides some additional reading guidance if you are interested in reading further on the topic.

Chapman, Chris and Ward, Stephen	1997	Project Risk Management, Wiley
Chorafas, Dimitris	2001	Managing Risk in the New Economy, New York Institute of Finance
Clark, Kim & Wheelwright, Steven	1993	Managing new Product and Process Development, HBS
Cooper, Robert	2001	Winning at New Products, 3rd Edition, Perseus Publishing, Cambridge Massachusetts
Crawford, C Merle, and Di Benedetto, C Anthony	2000	New Products Management. Irwin McGraw-Hill
Deschamps, Jean-Philippe and Nayak, P Ranganath	1995	Product Juggernauts, Arthur D Little
Gray, Clifford & Larson, Erik	2000	Project Management, McGraw-Hill.
Hardy, Karen	2015	Enterprise Risk Management, Wiley
Jolly Vijay	1997	Commercialising New Technologies, Harvard Business School Press
Louisot, J-P and Kethcam Christopher	2014	Enterprise Risk Management - Issues and case studies, Wiley
McGrath, Michael	2001	Product Strategies for High Tech Companies, 2nd Edition, McGraw-Hill
Pickford, James	2001	Mastering Risk, Volume 1: Concepts, Financial Times
Smith, Preston G and Reinertsen, Donald	1995	Developing Products in Half the Time, Van Nostrand Reinhold
Van de Ven, Andrew, Polley, Douglas, Garud, Raghu, & Venkataraman, Sankataran	1999	The Innovation Journey, Oxford UP

Library Resources
The 最新糖心Vlog of Adelaide’s Barr Smith Library provides a range of learning resources including texts, journals, periodicals, magazines, and access to online databases and information services. It also offers a virtual library which is accessible via the 最新糖心Vlog’s website. The 最新糖心Vlog Library web page is:
From this link, you are able to access the Library's electronic resources.

Other resources
If you are a member of the PMI () you will “gain exclusive access to PMI publications and our global standards*, networking options with our chapters and online communities of practice, and leadership and volunteer opportunities. You’ll also receive discounts on certification exams and renewals, as well as our professional development offerings.” Student membership is USD$40 to join and USD$30 to renew.

* Log in to access complimentary read-only PDFs of all of PMI's published standards or take advantage of discounts on paperback editions

Online Learning

MyUni is the 最新糖心Vlog of Adelaide's online learning environment. It is used to support traditional face-to-face lectures, tutorials and workshops at the 最新糖心Vlog. MyUni provides access to various features including announcements, course materials, discussion boards and assessments for each online course of study (see:

Learning & Teaching Modes

This course is offered in blended learning mode with the face-to-face component offered as intensives.

Workload

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

As a guide, a 3 unit course comprises a total of 156 hours work (this includes face-to-face contact, any online components, and self directed study).

Learning Activities Summary

This is a draft schedule and session dates are a guide only. The timetable may be changed during the course delivery if necessary.

Intensive	Content	Readings/Activities
1 & 2	Introduction to Risk and why we need to Manage our Risks	Text book, additional reading and the Risk Management Magazine *
	AS/NZS/ISO 31000:2009 – Risk Management Standard	Text book, additional reading and the Risk Management Magazine *
	Applying the Risk Management Process	Text book, additional reading and the Risk Management Magazine *
	Discuss Assignment 1; Examples and tools; Case Study	Text book, additional reading and the Risk Management Magazine *
3 & 4	Introduction; Presentation of Assignment 2, Project Selection (under uncertainty)	Text book, additional reading and the Risk Management Magazine *
	Systemic Risk; Enterprise Risk; Complex Systems; Health and Safety Risk	Text book, additional reading and the Risk Management Magazine *
	Establishing effective Risk Management	Text book, additional reading and the Risk Management Magazine *
	Discuss Assignment 2; Assignment 3; Case Studies & additional examples	Text book, additional reading and the Risk Management Magazine *
* Risk Management Magazine And

The 最新糖心Vlog's policy on Assessment for Coursework Programs is based on the following four principles:

Assessment must encourage and reinforce learning.
Assessment must enable robust and fair judgements about student performance.
Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
Assessment must maintain academic standards.

Assessment Summary

Assessment Task	Length	Due	Weighting
Weekly individual refelctions, topics set in MyUni.	400 words each	Weekly	40%
Group Assignment: analyse the risk of a proposed project	2000 words per team member	Week 7	30%
Individual Assignmnet: Develop systemic risk plan	3000 words	Week 9	30%
		TOTAL	100%

Assessment Detail

Assignments

Assignment 1 – Individual
Submit 9 weekly reflections
Approximately 400 words per week
You will receive higher marks for recognising the theory and relating it to practice, and providing examples to illustrate your point.

40% in total

Topics set in MyUni, as follows:

TOPIC
W1 submission	2 October	Slides 1-30
W2 submission	9 October	Slides 31-47
W3 submission	16 October	Slides 48-87
W4 submission	23 October	Slides 88-109
W5 submission	30 October	Slides 110-129
W6 submission	6 November	Slides 130-150
W7 submission	13 November	Slides 151-163
W8 submission	20 November	Slides 164-239
W9 submission	27 November	Slides 240-270

Assignment 2 = Group

In a group of four people analyse the risk of a proposed project, by constructing a typical ISO 31000 risk analysis, using a spreadsheet similar to the one demonstrating class. Develop a risk plan based on the spreadsheet and recommend appropriate actions to reduce the likely risk on the project. Indicate the section is composed by each person. It is expected that each person will submit a section of at least 2000 words; also submit the risk analysis on a spreadsheet - 30%.

Date due: 13 November

Assignment 3- individual

Describe a complex project which is subject to systemic risk. Develop a systemic risk plan, following the methodology in the notes provided. Minimum 3000 words Date due – 30%.

Date due 27 November

Submission

All text based assignments must be submitted via MyUni.
Please refer to step by step instructions:

There are a few points to note about the submission of assignments:

Assignment Submission: Assignments should not be emailed to the instructor; they must be lodged via the MyUni Course site (unless specified to do both). Note that assignments may be processed via TURNITIN, which is an online plagiarism prevention tool.
Cover Sheet: Please submit, separate to your assignment, the completed 最新糖心Vlog of Adelaide Assessment Cover Sheet providing details of yourself and your team members (if applicable), your assignment, the course, date submitted, etc. as well as the declaration signed by you that this is your (your team’s) work. Note that the declaration on any electronically submitted assignment will be deemed to have the same authority as a signed declaration.
Backup Copy of Assignments: You are advised to keep a copy of your assignments in case the submitted copy goes missing. Please ensure that all assignment pages are numbered. If your assignment contains confidential information, you should discuss any concerns with the Course Lecturer prior to submission.
Extensions of Time: Any request for an extension of time for the submission of an assignment should be made well before the due date of the assignment to the Course Lecturer. Normally, extensions will only be granted for a maximum of two weeks from the original assignment submission date. Extensions will only be granted in cases of genuine extenuating circumstances and proof, such as a doctor’s certificate, may be required.
Failure to submit: Failure to submit an assignment on time or by the agreed extension deadline may result in penalties and may incur a fail grade. Note that a late penalty of 5% of the total available marks for that assessment item will be incurred each day an assignment is handed in late (Unless otherwise stated in 'Assessment Related Requirements' or 'Assessment Detail' above). Assignments handed in after 14 days from the due submission date will fail even if a 100% mark is granted for the work.

Resubmission & Remarking
Resubmission of an assignment for remarking after reworking it to obtain a better mark will not normally be accepted. Approval for resubmission will only be granted on medical or compassionate grounds.

Course Grading

Grades for your performance in this course will be awarded in accordance with the following scheme:

M10 (Coursework Mark Scheme)
Grade	Mark	Description
FNS		Fail No Submission
F	1-49	Fail
P	50-64	Pass
C	65-74	Credit
D	75-84	Distinction
HD	85-100	High Distinction
CN		Continuing
NFE		No Formal Examination
RP		Result Pending

Further details of the grades/results can be obtained from Examinations.

Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

Final results for this course will be made available through .

The 最新糖心Vlog places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

This section contains links to relevant assessment-related policies and guidelines - all university policies.

Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator

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