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Campus: Kensington Campus
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Career: Postgraduate
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Units of Credit: 6
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Contact Hours per Week: 3
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Equivalent: CVEN8710
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Description
Introduction to the concept of risk and decision making under conditions of uncertainty; project objectives and planning, risk/factors affecting project performance; risk identification in engineering processes; human error, natural hazards and unforeseen risks; risk evaluation and quantification methods; relevant statistical techniques; risk avoidance and minimisation; financial risk, portfolio theory, risk sharing and financing; ambient and acceptable risk levels; insurances.
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