Risk analysis and management in design and construction have, in the past, tended to depend mainly on intuition, judgment and experience. This course will help the student explore the subject of risk in a more objective manner, looking at both traditional risk management through the use of CPM/PERT/MSC and a more systematic analysis of defining, assessing and treating risk to help decisions to proceed and aid in managing the work. The lectures will be delivered in 3 hour units per week by a qualified Professional Quantity Surveyor. The 3 hour units will be broken down into a 1 hour lecture and a 2 hour lab session allowing the student to work within a group context to assist learning and allowing question and answer time with the lecturer.
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