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DRPS : Course Catalogue : Edinburgh College of Art : Architecture - Heriot-Watt University

Postgraduate Course: Value and Risk Management (Distance Learning) (ARHW11030)

Course Outline
SchoolEdinburgh College of Art CollegeCollege of Humanities and Social Science
Credit level (Normal year taken)SCQF Level 11 (Postgraduate)
Course typeOnline Distance Learning AvailabilityNot available to visiting students
SCQF Credits15 ECTS Credits7.5
SummaryVRM and the construction procurement process, An Introduction to Value Management, Value Engineering - Function Analysis and other VE tools, Risk, uncertainty and the construction industry, Risk and procurement of PPP projects, The Risk Management framework., Sources, events and effects of project risk, Tools and techniques of Risk
Management, Risk response and mitigation, Client Briefing, A Review of North American Practice.
Course description Not entered
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Course Delivery Information
Academic year 2014/15, Not available to visiting students (SS1) Quota:  1
Course Start Flexible
Timetable Timetable
Learning and Teaching activities (Further Info) Please contact the School directly for a breakdown of Learning and Teaching Activities
Assessment (Further Info) Please contact the School directly for a breakdown of Assessment Methods
Additional Information (Assessment) 100% Coursework
Feedback Not entered
No Exam Information
Learning Outcomes
On completion of this course, the student will be able to:
  1. The Course aims to introduce the concepts of value & risk management, apply them to strategic and tactical problems and illustrate their tools and techniques through case study.
  2. A practical understanding of the value and risk management
    of the strategic and tactical development of a construction
    project.
    Gain a practical appreciation of value & risk management
    techniques used at the technical development stage of the
    design
    Understanding of the practice of value management with the
    UK practice of cost management.
    Understand the development of a PPP brief, including a
    practical appreciation of value & risk management
    techniques used at this stage.
    Investigating contemporary approaches to VRM in the context of
    construction projects
    Understanding of research literature in the field of value
    management and risk management
    Be able to analyse a clients requirements and articulate them in
    clear unambiguous terms
    Develop capacity for creative and lateral thinking through VRM
    study approaches
    Develop an understanding of group dynamics, chairmanship and
    facilitation
  3. Develop an understanding of group dynamics, chairmanship and facilitation
    Develop competence in report writing through scenario based assignment
    Ability to form professional judgements regarding value improvement and risk mitigation proposals for project scenarios
Reading List
None
Additional Information
Graduate Attributes and Skills Not entered
KeywordsNot entered
Contacts
Course organiserDr Remo Pedreschi
Tel: (0131 6)50 2301
Email: R.Pedreschi@ed.ac.uk
Course secretaryMr Daniel Emmerson
Tel: 0131 651 5738
Email: daniel.emmerson@ed.ac.uk
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