PROJMGNT 5004NA - Managing Project and Systemic Risk
Ngee Ann Academy - Trimester 1 - 2016
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General Course Information
Course Details
Course Code PROJMGNT 5004NA Course Managing Project and Systemic Risk Coordinating Unit Entrepreneurship, Commercialisation & Innov Centre Term Trimester 1 Level Postgraduate Coursework Location/s Ngee Ann Academy 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 Graciela Corral de Zubielqui
Teaching staff:
Trimester 1
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
Course Timetable
The full timetable of all activities for this course can be accessed from .
Singapore timetableOpening intensive:
Friday 29 January 2016 7pm-10pm Saturday 30 January 2016 1pm-8pm Promising entrepreneurs need a drive to succeed and a thirst for knowledge. Sunday 31 January 2016 9am-4pm Closing intensive:
Friday 26 February 2016 7pm-10pm Saturday 27 February 2016 1pm-8pm Promising entrepreneurs need a drive to succeed and a thirst for knowledge. Sunday 28 March 2016 9am-4pm -
Learning Outcomes
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 Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
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
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Learning Resources
Required Resources
Text book:
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 Jolly Vijay 1997 Commercialising New Technologies, Harvard Business School Press 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
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 Activities
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 Opening Intensive The risk management process and why we need to manage project risks Course notes, text book chapter and additonal readings as provided in class Risk management process review - Risk management standard Course notes, text book chapter and additonal readings as provided in class Application of the risk management process in projects Course notes, text book chapter and additional readings as provided in class Discuss assignment 2: examples and tools: Case study Course notes, text book chapter and additional readings as provided in class Closing Intensive Incorporating risk into the schedule. Identifying and managing stakeholders Course notes, text book chapter and additional readings as provided in class Uncertainty and the project cost contingency determination Course notes, text book chapter and additional readings as provided in class Establishing effective risk management planning Course notes, text book chapter and additional readings as provided in class Discusss assignments 3 & 4: Case studies and additional examples Course notes, text book chapter and additional readings as provided in class -
Assessment
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
An overview of the course assessment appears in the following Table. Details appear in the following section:
# Assessment Length Weighting Due Date Learning Outcomes 1 Classroom participation N/A 10% Ongoing 1-8 2 Individual assignment - project risks Minimum 3000 words 30% see MyUni 1, 2, 5 3 Case study - group assignment - risk management application Minimum 4000 words & risk register 30% see MyUni 3, 4, 7 4 Individual assignment - risk management plans Minimum 3000 words 30% see MyUni 6, 8 Total 100% Assessment Related Requirements
Students must complete all course assessment requirements and must attend lectures to be eligible to pass the course.
Course results are subject to moderation by the ECIC Board of ExaminersAssessment Detail
Assessment 1: Intensive sessions - Classroom discussion & participation
Weighting: 10%
Task:
Your lecturer will provide you with opportunities to participate in the discussions during each of the intensive classroom sessions.
Discussion topics will be taken primarily from the assigned readings and course material. You are encouraged to actively participate during the classroom sessions and to contribute to the learning environment.
Length and Presentation:
You will be graded on the quality of your participation in class and subsequent discussions to the key topics areas being covered. It is expected that students will substantially participate in all assigned discussions. (Eg: a short response like: yes, I agree with you or simply rephrase others' comments will not really add value. On the other hand, discussions and sharing learnings from your own experiences/ context and actions in applying the techniques will enhance the classroom discussion and learning).
Criteria by which your assessment will be marked:- Participation based on your own comments/ experiences on the topic covered
- Participation and discussions demonstrate critical thinking and insight.
- Participation indicates you understand the issues and the underlying concepts.
- Student response to classroom activities met minimum substantive expectations.
- Demonstrated appropriate communication style and language choice.
Assessment 2: Individual assignment - Project risks
Weighting: 30%
Submission Details:
Via MyUni.
Submit 1 file only (1 pdf file). Do not zip the file.
The filename must be the SID of the student submitting the file followed by the Assignment Title. For example:
A1164033 - Assignment 2.pdf
The name and student Id must be clearly marked on the first page of the Report.
Failing to meet these rules may result in a penalty of up to 5% being imposed on the individual’s assignment.
Tasks:
Despite the application of risk management (process, tools and techniques) evidence indicates that there still exists a high proportion of project problems experienced during the implementation/execution phase (resulting in schedule delays, cost overruns and/or quality concerns). Clearly simply using the risk management process does not necessarily guarantee project success for the project manager. There needs to be a clear understanding as to the risk management process and understanding of the risks that may impact on the achievement of the project objectives. As a result of the above context and expectations, the following tasks are required to be undertaken:
1. Research, analyse and identify why projects fail. Consider what is deemed to be a project failure. How is success/failure measured? Does your organisation provide metrics for project failure? Provide a definitive list of factors (i.e. hot spots) that you believe are the reasons as to why ‘value’ is eroded and projects fail.
Comment: If as a Project Manager you have a better understanding and can anticipate where and why projects are failing, this should assist in determining which areas require greater focus (and why).
2. Based on the results from your analysis, provide a suggested approach for how the risk management process and its application can be improved in order to achieve project success.
Hint: If for example, you identify a ‘hot spot’ from 1, to be – ‘poor risk management’ and that this could be a possibility with your project (hence a threat to your project success), then you will need to consider how in you intend to control for this particular threat. What will you need to put in place in order to identify and manage project risks?
Length and Presentation:
A concise management report that is reflective of the 2 key tasks as provided above. Section 1 of your report should contain your research, analysis and findings from task 1. This should then be used as the basis to shape up section 2 of your report.
Suggested length
3000 – 4000 words
Please note: I am providing the suggested length as an indicative guide only. You have complete flexibility in determining your final report deliverable.
Criteria by which your assessment will be marked:- Demonstrated ability to transfer or apply concepts covered in the course to each of the project components.
- Demonstrated awareness of and insight with regard to project management techniques.
- Demonstrated quality and depth of analysis, problem-solving, and synthesis.
- Demonstrated quality of writing.
Assessment 3: Case study – Group project ‘Risk management in projects’ application.
Weighting: 30% - This is a group assignment (2 members per group)
Submission Details:
Via MyUni.
Submit 1 file only (1 pdf file). Do not zip the file.
The filename must be the SID of the student submitting the file followed by the Assignment Title. For example:
A1164033 - Assignment 2.pdf
The name and student Id must be clearly marked on the first page of the Report.
Failing to meet these rules may result in a penalty of up to 5% being imposed on the individual’s assignment
Tasks:
This case study is set outside of Dusty Plains, a small, dusty town near Broome in Western 最新糖心Vlog. While the location, and the legal and taxation environment is real, the on-shore Dusty Plains field is hypothetical. It is, however, based on realistic data drawn from similar projects from around the world. In this scenario, your group is working for ‘IOC One’, and is responsible for identifying and managing a myriad of uncertainties with this project. Appropriate and timely decisions are vital to the success of this $600 million, 2 year development and the organisation is looking to your group’s development of the project’s risk register as the project unfolds
This is a ‘capstone’ case study and provides you and your partner with an opportunity of drawing on your previously acquired risk management skills and material covered in this course.
Overall your group is responsible for specifying the project value drivers, project objectives and development of the risk register. This is a complex project and will be a challenge for you as the project manager to ensure successful achievement of the project’s outcomes. Identifying and managing the risks and uncertainties will be critical to your success. The specific tasks to be completed have been listed as part of the case study (See MyUni).
Length and Presentation:
Minimum 4,000 words
Criteria by which your assessment will be marked:- Demonstrated ability to transfer or apply concepts covered in the course to each of the project components.
- Demonstrated awareness of and insight with regard to risk management techniques.
- Demonstrated quality and depth of analysis, problem-solving, and synthesis.
- Demonstrated quality of writing.
Assessment 4: Individual assignment – Developing a project risk management plan
Weighting: 30%
Submission Details:
Via MyUni.
Submit 1 file only (1 pdf file). Do not zip the file.
The filename must be the SID of the student submitting the file followed by the Assignment Title. For example:
A1164033 - Assignment 2.pdf
The name and student Id must be clearly marked on the first page of the Report.
Failing to meet these rules may result in a penalty of up to 5% being imposed on the individual’s assignment.
Tasks:
Select a project that you are required to manage and develop a formal Risk Management Plan (RMP) . Prepare the structure of your PMP based on your specific requirements (hint: you may need to undertake some research as to the purpose and key elements to include in your PMP).
It is to be presented as the official RMP for your nominated project, hence it must be concise and professional. While there is no word limit, you must use a common sense approach and be meaningful to you as the project manager. The completed RMP will demonstrate to your senior management or enterprise that you have the capability to manage risks alongside the ‘day to day’ project schedule.Length and Presentation:
Word format, minimum 3,000 words
Criteria by which your assessment will be marked:- Demonstrated ability to transfer or apply concepts covered in the course to each of the project components.
- Demonstrated awareness of and insight with regard to project management techniques.
- Demonstrated quality and depth of analysis, problem-solving, and synthesis.
- Demonstrated quality of writing.
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 .
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Student Feedback
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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.
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
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- Student Experience of Learning and Teaching Policy
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