301192 Risk Management and Decision Making

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This 301192 Risk Management and Decision Making course unit introduces students about the decision theory, concepts and methodologies pertinent in managing projects. These methods give the base for understanding the risks of the project. Beneath this course, the risk management procedure is studied in detail along with the dynamics implementing in the specific domain. The course, as well examines the concept of value and how value management is implementing in managing the projects. Various approaches of implementing value management in diverse specializations are also studied under this course.

After finishing the course, you'll be ready to:

1. Analyze issues exploitation decision-making criteria and theories.

2. Model differing kinds of risk and choices to forecast potential outcomes.

3. Understand the principles of risk management and apply risk-management techniques and technologies.

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