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The University of Southampton

MANG6463 Project Risk Management

Module Overview

Project risk management has evolved significantly over many years, but there are conflicting views about what constitutes best practice. This course provides an overview of best practice as outlined in the course text with a critical comparison of alternative views found in practice and discussed in the literature, including guidelines and standards.

Aims and Objectives

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • how to discuss the usefulness of a variety of risk management frameworks;
  • how to explain the problems associated with estimating risk impacts and probabilities;
  • how to understand the motives for undertaking formal risk management processes;
  • how to describe the issues to be addressed in establishing a formal process.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • discuss the application of a formal risk management process in a project context;
  • identify a comprehensive list of risks associated with any project.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • numeracy in terms of uncertainty and risk;
  • group working and communication during the module and subsequently through the Assignment;
  • key skills in information handling, critical analysis and written communication.


• An overview of what best practice is about • A brief review of relevant historical background • A generic risk management process for planning a project at a strategic level on behalf of a client discussed in some detail • The impact of earlier and later life cycle positions and changes in other process drivers • An outline of comparable alternative generic processes • Examples of different kinds of processes in different contexts

Learning and Teaching

Teaching and learning methods

The module will use lectures which emphasise key issues, guided background reading, and the exploration of mini-case studies. Where appropriate the lecturers will draw on your experience and use class discussion to encourage reflection on concepts and processes.

Independent Study126
Total study time150

Resources & Reading list

Chris Chapman and Stephen Ward (2011). How to Manage Project Opportunity and Risk: Why uncertainty management can be a much better approach than risk management. 



Draft essay


MethodPercentage contribution
Coursework  (3000 words) 100%


MethodPercentage contribution
Coursework  (3000 words) 100%


MethodPercentage contribution
Coursework  (3000 words) 100%

Repeat Information

Repeat type: Internal & External


Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:


Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the mandatory/additional reading text as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at

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