Unit Synopsis
In Construction Risk Management you will learn the construction-specific nuances of risk management. You will also learn why standard insurance programs have unique implications for contractors and how to evaluate effective strategies for managing construction risks. Viewed through the lens of the construction risk and insurance framework, this unit provides you with an understanding of the strategies for mitigating, transferring, and insuring construction risks. You will learn how risks are commonly allocated in a construction project and how to identify variances between a contractor’s insurance coverage and the total project risks. You will gain the knowledge to monitor and identify statutory changes and judicial rulings that impact the contractor’s liabilities as well as the coverage they have in place to mitigate potential liabilities.
Details
| Level | Postgraduate |
|---|---|
| Unit Level | 8 |
| Credit Points | 6 |
| Student Contribution Band | SCA Band 2 |
| Fraction of Full-Time Student Load | 0.125 |
| Pre-requisites or Co-requisites |
There are no pre-requisites for the unit.
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework). |
| Class Timetable | View Unit Timetable |
| Residential School | No Residential School |
Unit Availabilities from Term 1 - 2026
Attendance Requirements
All on-campus students are expected to attend scheduled classes - in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Postgraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Assessment Tasks
| Assessment Task | Weighting |
|---|---|
| 1. Written Assessment | 30% |
| 2. Research Assignment | 50% |
| 3. Online Test | 20% |
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).
Past Exams
All University policies are available on the Policy web site, however you may wish to directly view the following policies below.
This list is not an exhaustive list of all University policies. The full list of policies are available on the Policy web site .
Term 2 - 2025 : The overall satisfaction for students in the last offering of this course was 77.78% (`Agree` and `Strongly Agree` responses), based on a 46.55% response rate.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Source: Student feedback
Students commented that if they hadn't attended or watched the lecture videos they would have missed some key information related to the assignments.
The teaching team will encourage students to attend classes and clarify the expectations in the assessment items, marking criteria and forums.
The teaching team actively promoted class attendance through reminders and clarified assessment expectations by providing detailed marking criteria and answering all questions.
Source: Communication with students
It is good to see many practical examples that help us to understand the complex calculation in financial risk analysis.
The teaching team will continue using the practical examples to illustrate the financial risk analysis process and relevant calculation steps.
Practical examples were consistently integrated into lectures to demonstrate financial risk analysis and step-by-step calculation processes to ensure students could apply concepts effectively.
Source: SUTE
The marking was done by a teacher that did not conduct our lectures, which in my opinion, created a list of expectations that this teacher had that we were not aware of regarding Assessment 1.
Regardless of who marks the assessments, we will ensure strict adherence to the marking rubric and conduct moderation to maintain consistency and fairness across all submissions.
In Progress
Source: SUTE
Some students experienced a different teaching style from their home country and found it really beneficial.
We will continue to incorporate diverse teaching approaches and examples from different educational contexts to enrich learning experiences.
In Progress
On successful completion of this unit, you will be able to:
- Identify and evaluate project risks and opportunities within various construction procurement contexts
- Critically analyse the main forces which drive business strategy as they relate to risk
- Identify and evaluate management strategies for mitigating, transferring, and insuring construction risk
- Effectively communicate business risks and their implications on insurance to various stakeholders.
| Assessment Tasks | Learning Outcomes | |||
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| 1 - Written Assessment | • | • | ||
| 2 - Research Assignment | • | • | ||
| 3 - Online Test | • | • | • | • |
| Graduate Attributes | Learning Outcomes | |||
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| 1 - Knowledge | • | • | • | • |
| 2 - Communication | • | |||
| 3 - Cognitive, technical and creative skills | • | • | • | • |
| 4 - Research | • | |||
| 6 - Ethical and Professional Responsibility | • | |||
| Assessment Tasks | Graduate Attributes | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 8 | |
| 1 - Written Assessment | • | • | • | • | |||||
| 2 - Research Assignment | • | • | • | • | • | • | |||
| 3 - Online Test | • | • | |||||||