PMQ607 Strategic Risk Management
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | PMQ607 |
|---|---|
| Equivalent(s): | PMN607 |
| Assumed Knowledge: | PMQ610, PMQ503, PMQ504 and PMQ505 are assumed knowledge |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,174 |
| Pre-2021 CSP student contribution | $1,703 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,576 |
| International unit fee | $5,472 |
Unit Outline: Session 2 2026, QUT Online, Online
| Unit code: | PMQ607 |
|---|---|
| Credit points: | 12 |
| Equivalent: | PMN607 |
| Assumed Knowledge: | PMQ610, PMQ503, PMQ504 and PMQ505 are assumed knowledge |
Overview
This unit takes a strategic approach to risk in the project and business lifecycles. A broader range of risk management frameworks are now available and clients and providers need to understand the features of each before any implementation. The knowledge and skills developed in this unit contribute to effective identification, analysis, evaluation and treatment of risk to the project and the organisation in an integrated and strategic way. This unit builds on a sound understanding of risk and opportunities in projects and programs to inform decision-making and the project and program risk allocation between stakeholders.
Learning Outcomes
On successful completion of this unit you will be able to:
- Plan risk management, including identifying, analysing, evaluating and managing risk, for projects, programs and organisations.
- Design and communicate contemporary enterprise-wide risk management frameworks for organisations.
- Conduct qualitative and quantitative methods for risk evaluation and justify the selected risk evaluation approaches.
- Apply ethical, social, environmental and cultural considerations to inform project risk-based decision making.
Content
This unit will cover:
- Nature and definition of uncertainty, ambiguity, complexity and risk (including positive and negative consequences)
- Enterprise-wide risk management standards and frameworks and the risk management process
- Innovative approaches to inform strategic risk management
- Managing risk over the program/project lifecycle
- Integration of risk management (e.g. governance, scope, stakeholders)
- The risk management processes
- Context
- Identification
- Analysis
- Evaluation (risk appetite/ attitude)
- Treatment
- Communication and consultation
- Monitoring and review - Quantitative and qualitative risk management methods
- Integrated decision making (strategic and tactical)
- Business Continuity Management (BCM)
- Ethical, social, environmental and cultural considerations that inform project risk-based decision making
Learning Approaches
This unit will be delivered fully online. In this unit, you will learn by engaging in active and reflective learning through:
- participating in class/online discussions
- engaging with online learning materials
- reading book chapters, scholarly and industry articles
Feedback on Learning and Assessment
You will receive feedback in various forms throughout the semester including:
- Rubrics provided to show the expected standard for each criteria in an assessment item.
- Feedback comments on assignments returned to you via Canvas.
- Collaborate and Discussion sessions providing extensive question and answer opportunities with peers and teaching staff.
Assessment
Overview
There are two assessments in this unit:
- Risk Management Framework and Implementation Plan – this will develop your understanding of strategic risk considerations and decision-making by designing, developing, and proposing the implementation of a Risk Management Framework and Implementation Plan into an organisation.
- Risk Management Plan and Business Continuity Management Report – this will develop your understanding of critical risk management functions through a detailed risk management plan for a project or program, incorporating an appropriate enterprise-wide risk framework and qualitative/quantitative risk analysis to produce a Business Continuity Management (BCM) report.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Risk Management Framework and Implementation Plan
You will take on the role of Risk Officer, in addition to your substantive project management role, to plan ways to manage risk in your organisation. In your role you have been charged with designing, developing and implementing a Risk Management Framework for the program into the organisation. You will need to produce and submit a Risk Implementation Plan for the program that sets out how the framework will be developed and implemented across the organisation. You will also produce and submit the Risk Management Framework. These will be accompanied by a justification supported by scholarly literature.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
Assessment: Risk Management Plan and Business Continuity Management Report and Live Presentation
You will continue in your role as Risk Officer and Project Manager from Assessment 1. You will develop a detailed risk management plan for the project or program incorporating risk descriptions, risk registers and treatment plans. The plan will be integrated with an appropriate enterprise-wide risk framework and qualitative/quantitative risk analysis to produce a Business Continuity Management (BCM) Report. Your plan and report will need to include ethical considerations.
You will submit the written plan and present the BCM report for senior managers of the organisation.
The written report is eligible for the 48-hour late submission period and assignment extensions.
The late submission period does not apply to the Live Presentation, and no assignment extensions are available. It is a requirement for this assessment task that you attend synchronously.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
There are no prescribed resources required for this unit. There are however recommended texts stipulated below. Further, additional resources will be made available through the unit's Canvas site and QUT Readings as relevant to each unit module.
Resource Materials
Recommended text(s)
PMI, 2021, A Guide to the Project Management Body of Knowledge, Seventh Edition, Project Management Institute, Newtown Square, PA.
Risk Assessment Statement
There are no extraordinary risks associated with this unit.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.PQ20 Master of Project Management
- Appraise and adapt contemporary project management methodologies to projects of different types and complexities
Relates to: ULO1, ULO2, ULO3, Risk Management Framework and Implementation Plan, Risk Management Plan and Business Continuity Management Report and Live Presentation - Research and critically analyse data and extant literature to inform evidence-based project management practice
Relates to: ULO3, Risk Management Framework and Implementation Plan, Risk Management Plan and Business Continuity Management Report and Live Presentation - Apply ethical, professional and risk-based judgments to inform decision making in project environments
Relates to: ULO4, Risk Management Framework and Implementation Plan, Risk Management Plan and Business Continuity Management Report and Live Presentation - Create project plans to effectively deliver strategic business and organisational objectives
Relates to: ULO1, ULO2, Risk Management Framework and Implementation Plan, Risk Management Plan and Business Continuity Management Report and Live Presentation
Unit Outline: Session 4 2026, QUT Online, Online
| Unit code: | PMQ607 |
|---|---|
| Credit points: | 12 |
| Equivalent: | PMN607 |
| Assumed Knowledge: | PMQ610, PMQ503, PMQ504 and PMQ505 are assumed knowledge |
Overview
This unit takes a strategic approach to risk in the project and business lifecycles. A broader range of risk management frameworks are now available and clients and providers need to understand the features of each before any implementation. The knowledge and skills developed in this unit contribute to effective identification, analysis, evaluation and treatment of risk to the project and the organisation in an integrated and strategic way. This unit builds on a sound understanding of risk and opportunities in projects and programs to inform decision-making and the project and program risk allocation between stakeholders.
Learning Outcomes
On successful completion of this unit you will be able to:
- Plan risk management, including identifying, analysing, evaluating and managing risk, for projects, programs and organisations.
- Design and communicate contemporary enterprise-wide risk management frameworks for organisations.
- Conduct qualitative and quantitative methods for risk evaluation and justify the selected risk evaluation approaches.
- Apply ethical, social, environmental and cultural considerations to inform project risk-based decision making.
Content
This unit will cover:
- Nature and definition of uncertainty, ambiguity, complexity and risk (including positive and negative consequences)
- Enterprise-wide risk management standards and frameworks and the risk management process
- Innovative approaches to inform strategic risk management
- Managing risk over the program/project lifecycle
- Integration of risk management (e.g. governance, scope, stakeholders)
- The risk management processes
- Context
- Identification
- Analysis
- Evaluation (risk appetite/ attitude)
- Treatment
- Communication and consultation
- Monitoring and review - Quantitative and qualitative risk management methods
- Integrated decision making (strategic and tactical)
- Business Continuity Management (BCM)
- Ethical, social, environmental and cultural considerations that inform project risk-based decision making
Learning Approaches
This unit will be delivered fully online. In this unit, you will learn by engaging in active and reflective learning through:
- participating in class/online discussions
- engaging with online learning materials
- reading book chapters, scholarly and industry articles
Feedback on Learning and Assessment
You will receive feedback in various forms throughout the semester including:
- Rubrics provided to show the expected standard for each criteria in an assessment item.
- Feedback comments on assignments returned to you via Canvas.
- Collaborate and Discussion sessions providing extensive question and answer opportunities with peers and teaching staff.
Assessment
Overview
There are two assessments in this unit:
- Risk Management Framework and Implementation Plan – this will develop your understanding of strategic risk considerations and decision-making by designing, developing, and proposing the implementation of a Risk Management Framework and Implementation Plan into an organisation.
- Risk Management Plan and Business Continuity Management Report – this will develop your understanding of critical risk management functions through a detailed risk management plan for a project or program, incorporating an appropriate enterprise-wide risk framework and qualitative/quantitative risk analysis to produce a Business Continuity Management (BCM) report.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Risk Management Framework and Implementation Plan
You will take on the role of Risk Officer, in addition to your substantive project management role, to plan ways to manage risk in your organisation. In your role you have been charged with designing, developing and implementing a Risk Management Framework for the program into the organisation. You will need to produce and submit a Risk Implementation Plan for the program that sets out how the framework will be developed and implemented across the organisation. You will also produce and submit the Risk Management Framework. These will be accompanied by a justification supported by scholarly literature.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Risk Management Plan and Business Continuity Management Report
You will continue in your role as Risk Officer and Project Manager from Assessment 1. You will develop a detailed risk management plan for the project or program incorporating risk descriptions, risk registers and treatment plans. The plan will be integrated with an appropriate enterprise-wide risk framework and qualitative/quantitative risk analysis to produce a Business Continuity Management (BCM) Report. Your plan and report will need to include ethical considerations.
You will submit the written plan and present the BCM report for senior managers of the organisation.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
There are no prescribed resources required for this unit. There are however recommended texts stipulated below. Further, additional resources will be made available through the unit's Canvas site and QUT Readings as relevant to each unit module.
Resource Materials
Recommended text(s)
PMI, 2021, A Guide to the Project Management Body of Knowledge, Seventh Edition, Project Management Institute, Newtown Square, PA.
Risk Assessment Statement
There are no extraordinary risks associated with this unit.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.PQ20 Master of Project Management
- Appraise and adapt contemporary project management methodologies to projects of different types and complexities
Relates to: ULO1, ULO2, ULO3, Risk Management Framework and Implementation Plan, Risk Management Plan and Business Continuity Management Report - Research and critically analyse data and extant literature to inform evidence-based project management practice
Relates to: ULO3, Risk Management Framework and Implementation Plan, Risk Management Plan and Business Continuity Management Report - Apply ethical, professional and risk-based judgments to inform decision making in project environments
Relates to: ULO4, Risk Management Framework and Implementation Plan, Risk Management Plan and Business Continuity Management Report - Create project plans to effectively deliver strategic business and organisational objectives
Relates to: ULO1, ULO2, Risk Management Framework and Implementation Plan, Risk Management Plan and Business Continuity Management Report