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Course Outline

Name Mr Jahanzeb Asim
Semester Spring-2018

Class: MPM-2 (A)
Course: PM5351 Project Risk Management
Instructor: Mr Jahanzeb Asim

Class details
Class Timing and
18:30 - 21:30 Room 37
Session Day(s) Wednesday
Credit Hours: 03/class hours(per week) | 00/lab hours(per week)
Consultation Time Email me before consultation
Contact #

Course Description
The purpose of risk management is to identify potential problems before they occur so that risk-
handling activities may be planned and invoked as needed across the life of the product or project
to mitigate adverse impacts on achieving objectives.

Course Objective
The purpose of risk management is to identify potential problems before they occur so that risk-
handling activities may be planned and invoked as needed across the life of the product or project
to mitigate adverse impacts on achieving objectives

Learning Outcomes
Assessment and Identification of project risks Mitigating threats and capitalizing on opportunities
Identification & Application of Risk Mitigation Techniques

Teaching and Learning Methodology
PowerPoint based lecturing, Report Case / project Analysis, group assignments

Materials and Supplies
Ppt, handouts, softcopies, ebooks

Expected Class Conduct

Course Plan
Week Chapters Session Topic Assesments %
1 Introduction, discussion and, overview of project risk management N/A
2 Project Management Plan Components. Planning Processes Overview N/A
Inputs and Outputs of Risk Management. Threats and Opportunities.
3 Uncertainties. Risk Factors. Risk Averse. Risk Threshold. Risk N/A
Risk Management Planning. Risk Management Methodology. Roles and
4 Responsibilities in Risk Management. Risk Management budgeting and N/A
timing. Probability and Impact definitions.
Risk Categorization. Tracking and Reporting of Risk Management.
5 N/A
Types of Risks.
Risk Identification Process. Information Gathering Techniques. SWOT Assignment -
Analysis 1
Diagramming Techniques. Assumptions and Checklist analysis. Risk
7 Quiz - 1
8 Midterm week N/A
Qualitative Risk Analysis. Probability and Impact Matrix. Risk Data
9 N/A
Quality Assessment. Urgency Assessment. Risk Register Updates
Quantitative Risk Analysis. Quantitative Probability and Impact.
10 N/A
Expected Monetary Value Analysis
Monte Carlo Analysis. Program Evaluation and Review Techniques.
11 N/A
Decision Tree. Risk Register Updates
Risk Response Planning. Response Strategies. Residual risks. Secondary
12 Quiz - 2
risks. Triggers. Fallback plans. Contingency and Management Reserves.
Monitoring and Controlling of Risks. Risks audit and reassessment. Assignment -
Workarounds. 2
Reserve Analysis. Risks closure. Risk Management mistakes. Risk
14 N/A
Register Updates.
15 Presentations Presentation

Text Book
Project Management Institute. A Guide to the Project Management Body of Knowledge (PMBOK®
Guide),, Project Management Institute , 6th Edition, PMI,2017.

Refrence Books
Practice Standard for Project Risk Management, PMI

Marks Distribution
Total Total Marks Total Marks For D Grade
Marks Head
Frequency Exempted /Frequency /Head Holder(s)
Quiz 2 0 5 10 Exempted
Assignment 2 0 5 10 Exempted
Final Paper 1 0 30 30 Exempted
Mid Term Paper 1 0 25 25 Exempted
Class Participation 1 0 5 5 Exempted
Presentation 1 0 5 5 Exempted
Project Report 1 0 15 15 Exempted
Total Marks 100 0 (For DGs)

Attendance Policy
Prompt arrival and regular attendance are extremely important. For Academic policy refer to
student handbook for policies on late entry, maximum absences allowed, leave application etc.

Students with Physical or Educational Challenges
Students with educational and/or physical challenges are entitled to extra attention and time from
the instructor. Therefore students are advised to notify the course instructor at the beginning of
the course. Special arrangement may also be made on prior request based on specific challenges.

Academic Integrity
This course seeks to empower students for independent learning, resourcefulness, clear thinking,
and perception. All submitted work and activities should be genuine reflections of individual
achievement from which the student should derive personal satisfaction and a sense of
accomplishment. Plagiarism and cheating subvert these goals and will be treated according to the
policy stated in the Student Handbook. The instructor reserves the right to utilize electronic means
to help prevent plagiarism.

Comments and/or Suggestions
Students and Instructors may contact the Institutional Research Department if there is a need to
make suggestions or comments that can help further improve the course. A link is also provided on
your ZABDESK account for frequent and trouble-free feedback. The Institutional Research
Department would like to hear your feedback about the following:

Students Instructors
 Course Content/ thoroughness
 Availability of teaching material
 Lecture Delivery/Supplementary
 Facilities/Internet/Administrative Support
 Labs: Software/Hardware/Technical
 Facilities/Labs/Software/Hardware
 Availability and quality of Teaching
 Course alignment with learning
 Any other comments/feedback
 Any other comments/feedback