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Life-cycle Risk Management for Infrastructure Projects

Life-cycle Risk Management for Infrastructure Projects

Significant Commonwealth funding is now being directed to major infrastructure projects in Australia. As a result, there’s a growing expectation that engineers and project managers should understand how to successfully manage these projects. This Melbourne MicroCert is ideal for current and aspiring infrastructure project managers seeking to gain advanced qualitative…

Categories
Business And Administrative Studies, Management
The University of Melbourne

COURSE DESCRIPTION

Significant Commonwealth funding is now being directed to major infrastructure projects in Australia. As a result, there’s a growing expectation that engineers and project managers should understand how to successfully manage these projects. This Melbourne MicroCert is ideal for current and aspiring infrastructure project managers seeking to gain advanced qualitative and quantitative risk-assessment tools that can help ensure projects are compliant and sustainable across their life cycles. Gain a detailed understanding of key legislation: Gain a better understanding of the relevant legislative requirements surrounding critical infrastructure projects, and explore how to conduct your due diligence using a risk management framework based on ISO Risk Management Standards. Use advanced simulation techniques and machine learning: Improve your decision-making in unforeseen circumstances by learning how to conduct a life-cycle infrastructure risk assessment using advanced simulation techniques like the Monte Carlo method and probability-impact analysis using machine learning. Explore reliability-based risk analysis for engineering systems: Gain a deeper understanding of reliability-based analysis and explore how it can be deployed to optimise infrastructure life-cycle maintenance, costs, and risks. Apply your new knowledge to a risk management plan: Put your knowledge into practice and work with your peers to develop a risk management plan for a sewage treatment plant upgrade project. You’ll use advanced simulation techniques including machine learning and Monte Carlo simulation to assess the level of risk.

Skills and learning outcomes: By the end of this Melbourne MicroCert, you’ll be able to: Establish context for risk analysis, identify risks, critically analyse and evaluate risks and propose risk treatment based on industry standards in risk management. Apply advanced engineering reliability methodologies and simulation techniques to maintain the sustainability of critical infrastructures.

EDUCATIONAL INSTITUTION

The University of Melbourne

Established in 1853, the University of Melbourne enjoys an outstanding reputation with world rankings, consistently being placed as Australia’s leading comprehensive research-intensive university, and is one of the world’s top 50 (as per Times Higher Education World University Rankings 2015 – 2016 and Academic Ranking of World Universities 2015). There are over 80 different undergraduate study areas and over 270 graduate courses at Melbourne for students to choose from. The University has extensive global networks and has seven campus locations across Melbourne and rural Victoria.

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The University of Melbourne

Established in 1853, the University of Melbourne enjoys an outstanding reputation with world rankings, consistently being placed as Australia’s leading comprehensive research-intensive university, and is one of the world’s top 50 (as per Times Higher Education World University Rankings 2015 – 2016 and Academic Ranking of World Universities 2015). There are over 80 different undergraduate study areas and over 270 graduate courses at Melbourne for students to choose from. The University has extensive global networks and has seven campus locations across Melbourne and rural Victoria.

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