IND240 Uncertainty Management in Projects
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Showing course contents for the educational year starting in 2018 .
Teachers: Tor Kristian Stevik
ECTS credits: 5
Faculty: Faculty of Science and Technology
Teaching language: NO
Teaching exam periods:
Course frequency: Annually
First time: 2015H
themes: Challenges / missing in deterministic project Uncertainty dimension in projects Decisions under uncertainty Quantitative uncertainty analysis; costs, total economy, progress Qualitative uncertainty analyzes Multiple Goal Analysis Analysis Techniques - Monte Carlo simulation Analysis tools - examples Operational, proactive management of project uncertainty Value as a control parameter The course will have a strong foundation in examples from real projects.
The course will provide students with basic knowledge of analysis and management of the uncertainty dimension of the project:
Investment costs Total economy Progress plans Value creation / usefulness
Use of recognized tools and review of actual project examples provide students with the skills to meet the real challenges in project management.
Practical examples in combination with theory will be emphasized. Student teams conducts several case that relate to the themes of the lecture.
Curriculum overview is presented in the first lecture
1-3 assignments. All must be passed.
Assignment (40 %) and written exam, 3 hours (60 %)
5 credits normally requiers a workload of 150 hours
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Type of course:
Lectures: 4 hours pr week
External examiner participates together with ineranl examiner in the design of the exam questions.
Examination details: Continuous exam: A - E / Ikke bestått