vcc.ca
MGMT 2024: Risk and Procurement Management
Effective date
September 2019
Department
Bus & Project Mgmt PD Diploma
School
Hospitality, Food Studies and Applied Business
Description
This course introduces students to risk management. Students examine ways to reduce the probability of negative risks and enhance the probability and/or impact of positive risks thereby optimizing the chances of project success. Students also learn the tools, techniques, and processes for procuring products, services or results needed for project success.
Credits
3.0
Year of study
2nd Year Post-secondary
Prerequisites
Successful completion of all Term 1 and 2 courses.
Corequisites
None
Course Learning Outcomes
Upon successful completion of this course, students will be able to:
- Identify positive and negative risks at various stages of a project.
- Apply tools and techniques to determine the impact and probability of project risks.
- Develop processes and strategies to mitigate the identified risks.
- Create and maintain a risk register to manage project risks
- Determine how risks impact all the other knowledge areas of project management.
- Develop and document project procurement decisions, specifying approach and identifying potential sellers.
Prior Learning Assessment & Recognition (PLAR)
None
Hours
Lecture, Online, Seminar, Tutorial: 45
Total Hours: 45
Total Hours: 45
Instructional Strategies
Lecture, group work, case studies, discussions, presentations, guest speakers, online activities
Grading System
Letter Grade (A-F)
Passing grade
C
Evaluation Plan
|
Type |
Percentage |
Assessment activity |
|
Participation |
10 |
|
|
Quizzes/Tests |
25 |
|
|
Assignments |
30 |
|
|
Project |
35 |
|
Course topics
- Key concepts and terminology of Risk Management
- Identifying project risks
- Risk analysis
- Qualitative and quantitative risk analysis
- Risk evaluation and responses
- Procurement
- Procurement options
- Contract management
- Procurement metrics
- Procurement roles and responsibilities
Notes:
- Course contents and descriptions, offerings and schedules are subject to change without notice.
- Students are required to follow all College policies including ones that govern their educational experience at VCC. Policies are available on the VCC website at:
https://www.vcc.ca/about/governance--policies/policies/. - To find out if there are existing transfer agreements for this course, visit the BC Transfer Guide at https://www.bctransferguide.ca.