55107 RISK AND PROCUREMENT MANAGEMENT
FACULTY OF BUSINESS 2000
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Credit Points 1.00
Synopsis
The unit examines the following:
Identification of those risks that are most likely to have a
beneficial or adverse impact on the outcome of the project
Evaluation of the likelihood of occurrence of any particular risk, and
the consequences of such risks.
Development of responses to identified risks to eliminate or reduce
the consequences for the project.
Procurement planning to determine those resources, goods and services
required to carry out the project.
Design and documentation of products required for the project
Solicitation of proposals, quotations and tenders, and selection of
suppliers and contractors
Creation of contractual relationships between the respective
stakeholders
Administration of those contracts
Completion of the contract administration and handover of works
carried out