Rail Project Risk and Value Management
Course Leader: Dr Marin Marinov
Semester: 1
Course Duration: 2 weeks
Credit Value: 10 CATS (5 ECTS)
Course fee: £1125
Aims
- To introduce the topic of Rail Project Risk Assessment and Value Management;
- To discuss cost risks schedule risks and investment appraisal with regard to rail infrastructure projects;
- To learn through case studies and gain better understanding of critical issues during construction of rail infrastructure.
Outline of Syllabus
- Need for railway infrastructure development;
- Identification of railway infrastructure projects;
- Project management;
- Risk assessment;
- Value management;
- Investment choice appraisal;
- Research methods and models for risk assessment and value management.
Intended Knowledge Outcomes
- Understanding of risks associated with rail infrastructure contracts;
- Research methodologies associated with risk assessment;
- Understanding of economics and value for company and society;
- Understanding of fundamentals of rail project management and execution of construction work.
Intended Skill Outcomes
- Identify and calculate risks associated with railway infrastructure project development;
- Measure value associated with construction work;
- Conduct economic analysis and evaluations;
- Develop the ability to handle tasks within railway infrastructure projects.
Teaching methods
- Lectures;
- Directed research and reading;
- Independent study.
Assessment methods
- Written examination (50%)
- Report (50%)
