Risk Management in International Projects (5 cr)

Objectives (course unit)

This course familiarizes the students with Risk Management as the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events. Special emphasis is put on practical risk management tools and latest concepts.
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When the student has passed this course he/she will know:
- Core terms and notions related to risks and risk management
- Different risk types and profiles in different business environments
- Risk management process phases
- Risk identification techniques
- Risk assessment tools
- Risk management linkage to other management disciplines
- Trends in academic risk management research
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After completing the course students can:
- Identify risks in projects and on the company level by using appropriate techniques
- Analyse risks and their consequences with effective tools
- Apply risk management effectively in projectsto save time and money
- Avoid the common pitfalls of risk management implementation
When the student has passed this course he/she will be:
- A project manager understanding the risk profile of her own project and what impact change has on them
- A specialist to define and analyze risks with effective tools and techniques
- A leader to manage risks and act fast if risks realize
- A leader making project members to understand the importance of risk management

Content (course unit)

Course is a combination of class meetings and excercises. The content is:
-Terminology of risks and risk management
-Risk types and risk profiles in international projects
-Risk management process and its implementation
-Implementation of risk management methods and tools
-Risk management in academic research today

Exam schedules

Defined during the course.

Evaluation methods and criteria

Group exercises during the course 50%
Individual exam 50%

Teaching methods

Course is mostly teached online. Course is started and closed face to face.

Learning materials

Will be available in Tabula.

Student workload

5 credits

Content scheduling

Defined in Tabula.

Completion alternatives

None.

Practical training and working life cooperation

Students reflect their working life experiences and challenges with the risk management theories.

Assessment criteria - fail (0) (Not in use, Look at the Assessment criteria above)

Exercises not returned or passed. Exam not passed.

Assessment criteria - satisfactory (1-2) (Not in use, Look at the Assessment criteria above)

Exercises done in satisfactory level. Exam passed with grade 1-2.

Assessment criteria - good (3-4) (Not in use, Look at the Assessment criteria above)

Exercises done in good level. Exam passed with grade 3-4.

Assessment criteria - excellent (5) (Not in use, Look at the Assessment criteria above)

Exercises done in excellent level. Exam passed with grade 5.