Explore the concepts of risk in a project context, while developing your critical understanding of the principles and processes of systematic risk management.

This course will strengthen your ability to apply the principles and processes of risk management in a project environment; and build your knowledge of techniques used in the economic and financial evaluation of risk and uncertainty in projects.


Course coordinator

Dr Maged Georgy, Senior Lecturer - School of Property, Construction and Project Management

Course objectives

  • Determine and apply knowledge of complex project management theory, principles and best practice to applied projects to contribute to the profession and discipline of project management;
  • Professionally communicate and justify project scope, design, implementation, strategy and /or outcomes, engaging effectively with diverse stakeholders across a range of industry sectors;
  • Apply the specialist knowledge and technical skills required to creatively address the diverse needs of project stakeholders; and
  • Formulate innovative solutions and demonstrating independent and sound decision-making related to your professional practice and the discipline.

Learning outcomes

Upon successful completion of this course, you will be able to:

  • Analyse the fundamental principles of risk management as applied in a project context;
  • Select and apply techniques and tools of risk to identify and analyse risk; and
  • Analyse and apply risk management processes to develop a industry risk management plan.


Assessment for this course will occur at various times across the seven-week teaching period. In most cases, assessment should follow a similar structure to the below:

  • A short assessment may occur in the first couple of weeks, driven mostly by peer-assessment or objective feedback as is the case of a survey quiz or contribution to discussion.
  • Assessments that occur mid-study period (approximately week 2 to 5) will have a highly formative purpose, like an extended case study or a scenario role play. These are intended to provide an indication of performance and occur at this time to enable positive changes to future performance.
  • Final assessments are usually summative, and generally draw the course's threshold concepts together. Your previous assessments will have directly prepared you for a summative-style assessment.

Rich, online feedback will be provided to you throughout the teaching period on practical exercises and by individual consultation, ideally within five business days.

Please note, unit structure and content are subject to change. Contact your RMIT Student Enrolment Advisor on 1300 701 171 for more information based on your particular circumstances.