TECHCOMM 5004OL - Managing Project and Systemic Risk

Online - Quadmester 1 - 2015

This course addresses decision and risk analysis, methods for structuring and modelling decision problems, and application of methods to a variety of problems that involve risk and uncertainty related to the commercialisation of development of projects and commercialisation of new technologies. Monte Carlo simulation, design by risk, the concept of tolerance and phase-gate process are addressed. Students apply risk analysis tools to a commercialisation assessment problem or a project development. The context of the course is engineering, technology and information technology design and production, operations and processes, which include consulting, production, procurement, maintenance and logistics supply for technology based operations, including defence, construction, and manufacture, and IT provision for ongoing businesses, assessment of efficiency, risk and quality management, and related aspects.

  • General Course Information
    Course Details
    Course Code TECHCOMM 5004OL
    Course Managing Project and Systemic Risk
    Coordinating Unit Entrepreneurship, Commercialisation & Innov Centre
    Term Quadmester 1
    Level Postgraduate Coursework
    Location/s Online
    Units 3
    Course Staff

    Course Coordinator: Emeritus Professor Vernon Ireland

    Name: Mr Michael Lloyd

    Short Bio:
    Michael holds a Masters of Project Management – 2010 (University of Adelaide) as well as trade qualifications as a Fitter and Turner and an Associate Diploma in Mechanical Engineering.

    Having recently joined the University of Adelaide team, Michael brings with him the extensive knowledge and experience gained via his career in the Automotive Sector with GM Holden.

    Currently Michael has the Site Lead of a $65 million dollar upgrade TP THE West End Brewery in Adelaide.

    Career highlights include:
    · Manufacturing lead on the exterior, interior and lighting components of the VT Commodore.
    · GM Holden Technical Lead in the design of the GM Thailand plant, which required operating in a multinational team located in Russelsheim Germany for 18 months
    · Project Manager (Manufacturing) for the GM Holden VE Ute and Sportwagon Programs as well as multiple model year updates.
    · Manufacturing representative on a Sub Board level team charged with the responsibility of implementing new model introductions into GM Holden’s portfolio.
    · Technical representative on the GM Holden Plant Safety Review Board and Plant Quality Board.
    · Member of the Change Approval Board, a cross functional team responsible for assessing the impact and risk of all changes made to the GM Holden product portfolio.
    · Manufacturing Engineering Manager, responsible for the development and introduction of new model programs including product development as well as installation of new equipment and processes.

    Michael’s management level positions have provided extensive exposure to Risk Management as an ingrained component of an employer’s culture. Risk identification starts at the conceptual stage of whatever endeavour is being planned and continues through to and post its implementation phase. Through this course Michael intends to show his students how to effectively and efficiently identify then mitigate risk and highlight the benefits of doing so.

    Email: mlloyduoa@adam.com.au

    Phone: 0407609723 
    Course Timetable

    The full timetable of all activities for this course can be accessed from Course Planner.

    Monday 12 January to Sunday 22 March 2015
  • Learning Outcomes
    Course Learning Outcomes
    1 Identify the core types of project risks
    2 Use qualitative and quantitative risk assessment methods
    3 Competently use risk simulation techniques and other risk analysis tools/methods
    4 Competently work in a group to create a risk management plan based on the ISO 31000:2009
    5 Identify a range of risk management issues and challenges
    6 Identify the risks as complex systems cascade and be competent to initiate potential actions in response
    7 Demonstrate continued learning and personal development
    8 Recognise ethical, social and cultural issues and their importance for project managers
    University Graduate Attributes

    This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

    University Graduate Attribute Course Learning Outcome(s)
    Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 2, 4
    The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 1
    An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 2
    Skills of a high order in interpersonal understanding, teamwork and communication. 4, 5
    A proficiency in the appropriate use of contemporary technologies. 2, 3
    A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 6, 7
    A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 7, 8
    An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 8
  • Learning Resources
    Required Resources

    The University’s preferred textbook supplier is Unibooks: http://www.unibooks.com.au/ 

    Text book:
    Bowden, Adrian, Lane, Malcolm, and Martin, Julia, Triple Bottom Line Risk Management, (2001) Wiley.

    Recommended Resources
    Library Resources
    The University of Adelaide’s Barr Smith Library provides a range of learning resources including texts, journals, periodicals, magazines, and access to online databases and information services. It also offers a virtual library which is accessible via the University’s website. The University Library web page is: http://www.adelaide.edu.au/library/
    From this link, you are able to access the Library's electronic resources.

    Other resources
    If you are a member of the PMI (http://www.pmi.org/Membership.aspx ) you will “gain exclusive access to PMI publications and our global standards*, networking options with our chapters and online communities of practice, and leadership and volunteer opportunities. You’ll also receive discounts on certification exams and renewals, as well as our professional development offerings.” Student membership is USD$40 to join and USD$30 to renew.

    * Log in to access complimentary read-only PDFs of all of PMI's published standards or take advantage of discounts on paperback editions
    http://www.pmi.org/PMBOK-Guide-and-Standards/Standards-Library-of-PMI-Global-Standards.aspx
    Online Learning

    LEARN is the University of Adelaide’s platform for dedicated online delivery. LEARN is a customised version of Moodle, and houses all course requirements including the course profile, announcements, additional course materials (beyond the prescribed text), assessment items, discussion forums, grading, feedback, links to various university and course resources, an internal website email system, a technical assistance facility, etc. LEARN is only accessible once the URL and a password have been provided to the student on enrolment. Students are given access to the course prior to the start date to familiarise themselves with the operational aspects and functionality of the website.

  • Learning & Teaching Activities
    Learning & Teaching Modes

    No information currently available.

    Workload

    No information currently available.

    Learning Activities Summary

    No information currently available.

  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary

    No information currently available.

    Assessment Detail

    No information currently available.

    Submission

    No information currently available.

    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M10 (Coursework Mark Scheme)
    Grade Mark Description
    FNS   Fail No Submission
    F 1-49 Fail
    P 50-64 Pass
    C 65-74 Credit
    D 75-84 Distinction
    HD 85-100 High Distinction
    CN   Continuing
    NFE   No Formal Examination
    RP   Result Pending

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Final results for this course will be made available through Access Adelaide.

  • Student Feedback

    The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

  • Student Support
  • Policies & Guidelines
  • Fraud Awareness

    Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.