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Dec 11, 2024
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CMGT 670 - Construction Enterprise and Risk Management Units: 3 Quantitative techniques for risk-based analysis in construction, risk elicitation and mitigation, enterprise risk assessment and management, decision making under uncertainty.
Prerequisites: Admission to M.S. Construction Management program. Possible Instructional Methods: Entirely On-ground. Grading: A-F grading only. Student Learning Outcomes - Upon successful completion of this course students will be able to: - Analyze the different types of risk and assess their likelihood and impact (PLO7).
- Evaluate the use of different quantitative analysis techniques such as Monte Carlo simulation to assess the overall effect of risk at a project and corporate level, thus facilitating decision making under uncertainty (PLO7).
- Understand the fundamentals of a construction company corporate structure and how project and financial risks impact its profits (PLO5,7).
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