IND240 Uncertainty Management in Projects
Credits (ECTS):5
Course responsible:Asmamaw Tadege Shiferaw
Campus / Online:Taught campus Ås
Teaching language:Norsk
Course frequency:Annually
Nominal workload:5 credits normally requiers a workload of 125 hours
Teaching and exam period:Spring semester
About this course
Themes:
- Challenges / deficiencies in deterministic project mnanagement
- Uncertainty dimension in projects
- Decisions under uncertainty
- Quantitative uncertainty analysis; costs, total economy, progress
- Qualitative uncertainty analyzes
- Analysis Techniques - Monte Carlo simulation
- Analysis tools - examples
- Operational, proactive management of project uncertainty
- Value as a governing parameter
The course will have a strong foundation with examples from real projects.
Learning outcome
The course will provide students basic knowledge on the analysis and management of the uncertainty dimension of projects:
- Investment costs
- Total economy
- Progress plans (schedule)
- Value creation
The use of recognized tools and review of actual project examples in the classroom provide students the required skill to cope with the actual challenges of project management and governance.
Learning activities
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