BLCN28002 - Construction Risk Management

General Information

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 2 - 2024

Term 2 - 2024 Profile
Brisbane
Online
Sydney
Term 1 - 2025 Profile
Brisbane
Sydney
Term 2 - 2025 Profile
Brisbane
Sydney
Term 1 - 2026 Profile
Brisbane
Sydney
Term 2 - 2026 Profile
Brisbane
Sydney

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).

Assessment Overview

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%).

Consult the University's Grades and Results Policy for more details of interim results and final grades

Past Exams

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Previous Feedback

Term 2 - 2024 : The overall satisfaction for students in the last offering of this course was 100.00% (`Agree` and `Strongly Agree` responses), based on a 20.83% 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: Communicate with students
Feedback
The face-to-face delivery of lectures is important and should be sustained.
Recommendation
This unit will be delivered face-to-face in both Sydney and Brisbane.
Action Taken
This unit is delivered face-to-face in both Sydney and Brisbane.
Source: Unit evaluation
Feedback
Overall it is good to learn this unit as it relates to generic risk management skills in construction.
Recommendation
The teaching team will continue to adopt the generic risk management framework for the construction industry in the learning materials.
Action Taken
The generic risk management framework of ISO31000 is adopted in the learning materials.
Source: Student feedback
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.
Recommendation
The teaching team will encourage students to attend classes and clarify the expectations in the assessment items, marking criteria and forums.
Action Taken
In Progress
Source: Communication with students
Feedback
It is good to see many practical examples that help us to understand the complex calculation in financial risk analysis.
Recommendation
The teaching team will continue using the practical examples to illustrate the financial risk analysis process and relevant calculation steps.
Action Taken
In Progress
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Identify and evaluate project risks and opportunities within various construction procurement contexts
  2. Critically analyse the main forces which drive business strategy as they relate to risk
  3. Identify and evaluate management strategies for mitigating, transferring, and insuring construction risk
  4. Effectively communicate business risks and their implications on insurance to various stakeholders.


Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4
1 - Written Assessment • •
2 - Research Assignment • •
3 - Online Test • • • •
Alignment of Graduate Attributes to Learning Outcomes
• Professional Level
• Advanced Level
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 •
Alignment of Assessment Tasks to Graduate Attributes
• Professional Level
• Advanced Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8
1 - Written Assessment • • • •
2 - Research Assignment • • • • • •
3 - Online Test • •