Project Quality and Risk ManagementModule Details

Background and Rationale

The main objectives of the course are to provide an understanding of the theory and practice of Project Quality and Risk Management; and indicate the strategic relationship between project quality and risk management concepts. The course will provide students with the necessary skills to develop strategies to analyse risks associated with project development and implementation and expose them to various techniques used to identify and quantify risks, and develop effective risk response strategies. The course will cover the behavioural implications of project teams regarding project quality and risk management and it will indicate the basic statistical quality control concepts. Furthermore, it will enable students to select the appropriate quality assurance and quality control tools for a project and provide students with the knowledge needed to develop Project Quality and Risk Management Plans. Lastly, the course will enable students understand the importance of embedding the quality culture across the project life cycle.

Learning Outcomes

At the end of the course students will be expected to:

• Describe the fundamental quality and risk management concepts within the project environment.
• Apply the tools and techniques needed to address risk management concerns in projects.
• Identify potential risks to a project, and perform both qualitative and quantitative risk analysis. 
• Demonstrate mastery in knowledge and skills needed to develop risk response plans for all types of project risks.
• Implement quality assurance techniques and tools appropriate for project planning and control.
• Define ways to assure both project and product quality.
• Develop project risk and quality management plans.
• Design a quality and risk audit needed to promote project, product, and process improvements.
• Critically analyse both external and internal project effects taking into account stakeholders, economics, stakeholder interests, organizational/project structures, and culture.
• Critically understand the new market dynamics at play, including how they affect projects, such as climate change, digitalization, new funding sources, robots, and the changing nature of the workforce.