Course Information

Course Name	Turkish	Risk Yönetimi
	English	Risk Management
Course Code	PYY 607E	Credit	Lecture (hour/week)	Recitation (hour/week)	Laboratory (hour/week)
Semester	-	3	3	-	-
Course Language		English
Course Coordinator		Fatma Heyecan Giritli
Course Objectives		1. To enable students to understand basic concepts of risk management related to successful project management practices 2. To demonstrate quantitative and qualitative risk analysis techniques and to make risk assessment by using these techniques 3. To introduce risk response strategies
Course Description		Introduction to risk and risk management; why is risk management important; behavioral aspects of risk; risk and decision-making; classifications of risk, generic categories of risk; risk management process overview risk identification: methods of risk identification; class exercise 1: delphi estimating; risk analysis: tools and techniques for qualitative risk analysis; class exercise 2: qualitative risk assessments; risk analysis: tools and techniques for quantitative risk analysis; class exercise 3: quantitative risk assessments; simulation in risk analysis; case study simulations: crystal ball applications;risk response strategies; opportunity management; case studies on risk management practices in construction industry
Course Outcomes		Ph.D. students who successfully pass this course gain knowledge, skill and competency in the following subjects; I. Understanding the fundamental principles of risk management and how these relate to the field of project management II. Applying effective risk identification techniques III. Applying appropriate risk management tools IV. Analyzing the impact of human behavior on attitudes to risk.
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