Note: This unit version is currently being edited and is subject to change!
CHNG3806: Risk Management for Chemical Engineering (2020 - Semester 2)
| Unit: | CHNG3806: Risk Management for Chemical Engineering (6 CP) |
| Mode: | Normal-Day |
| On Offer: | Yes |
| Level: | Senior |
| Faculty/School: | School of Chemical and Biomolecular Engineering |
| Unit Coordinator/s: |
Dr Wang, David
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| Session options: | Semester 2 |
| Versions for this Unit: |
| Campus: | Camperdown/Darlington |
| Pre-Requisites: | CHNG2801 AND CHNG2802 AND CHNG2803 AND CHNG2804 AND CHNG2805 AND CHNG2806. |
| Brief Handbook Description: | Aims and Objectives: To develop an appreciation of management practice in process-led and product-driven industries; considering approaches to project management, economic evaluation of processes, risk assessment and decision making; to develop the requisite tools to support above; to consider approaches to innovation and entrepreneurship; to consider all this in the context of different scales of operation - from single process, to business unit, to enterprise, and across supply and value chains; to support this analysis through real-problem case studies and projects. By the end of this unit of study a student should be competent in: preparing a resume for use in employment applications; developing project work plans in conjunction with project management schedules; performing economic evaluations of projects, plans and processes; performing qualitative risk assessments of projects, plans and processes; exploring optimisation of complex processes under risk and uncertainty, covering unit operations, business units, enterprises and value chains. |
| Assumed Knowledge: | Enrolment in this unit of study assumes that all core chemical engineering units in second year have been successfully completed. |
| Lecturer/s: |
Dr Ghadi, Amirali
Dr Wang, David |
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| Tutor/s: | To be allocated | ||||||||||||||||||||
| Timetable: | CHNG3806 Timetable | ||||||||||||||||||||
| Time Commitment: |
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| T&L Activities: | Independent Study: Projects and self assisted learning. |
Learning outcomes are the key abilities and knowledge that will be assessed in this unit. They are listed according to the course goal supported by each. See Assessment Tab for details how each outcome is assessed.
(8) Professional Effectiveness and Ethical Conduct (Level 3)
1. Perform qualitative risk assessment of projects using rapid ranking.
2. Perform a quantitative risk assessment of projects.
3. Estimate project costs from the flowsheet design.
4. Understand the implications of depreciation and tax in project costing
5. Prepare a resume for use in an employment application.
(7) Project and Team Skills (Level 3)
6. Develop project work plans using MS Project.
(5) Interdisciplinary, Inclusiveness, Influence (Level 3)
7. Perform basic economic evaluation of projects and optimise design
(4) Design (Level 3)
8. Understand the economies of scale in projects.
9. Perform detailed review of process design using Hazop technique.
| Assessment Methods: |
Note that assessment weightings below indicate relative proportions of required time and effort only, not the value of marks received. Grading in this unit is criterion-based which means that all assessment criteria must be met in order to pass the unit. All assessment items must be successfully completed.
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| Grading: |
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| Policies & Procedures: | See the policies page of the faculty website at http://sydney.edu.au/engineering/student-policies/ for information regarding university policies and local provisions and procedures within the Faculty of Engineering and Information Technologies. |
| Prescribed Text/s: |
Note: Students are expected to have a personal copy of all books listed.
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| Recommended Reference/s: |
Note: References are provided for guidance purposes only. Students are advised to consult these books in the university library. Purchase is not required.
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Note that the "Weeks" referred to in this Schedule are those of the official university semester calendar https://web.timetable.usyd.edu.au/calendar.jsp
| Week | Description |
| Week 1 | Introduction to Project and Risk Managements |
| Week 2 | Project Management |
| Week 3 | Major Incidents |
| Week 4 | Rapid Ranking |
| Assessment Due: Syndicate Exercise in Rapid Ranking | |
| Week 5 | Week in Industry |
| Week 6 | Quantitative Risk asessment |
| Assessment Due: Syndicate Exercise in Hazop technique | |
| Week 7 | Risk Management |
| Week 8 | Hazop |
| Assessment Due: Quantitative Risk Assessment | |
| Week 9 | Cost Estimation and economies of Scale |
| Assessment Due: Capital and Production Cost | |
| Assessment Due: Class Quiz on Depreciations, Time Value of Money | |
| Week 10 | Forecasting, Depreciation, Tax |
| Week 11 | Economic Evaluation of Projects |
| Week 12 | MultiObjective Optimisations |
| Assessment Due: Economic Evaluation and Optimisation | |
| Week 13 | Environmental Assessment Preparation |
| Exam Period | None |
Course Relations
The following is a list of courses which have added this Unit to their structure.
Course Goals
This unit contributes to the achievement of the following course goals:
| Attribute | Practiced | Assessed |
| (8) Professional Effectiveness and Ethical Conduct (Level 3) | No | 60% |
| (7) Project and Team Skills (Level 3) | No | 0% |
| (5) Interdisciplinary, Inclusiveness, Influence (Level 3) | No | 5% |
| (4) Design (Level 3) | No | 35% |
These goals are selected from Engineering & IT Graduate Outcomes Table 2018 which defines overall goals for courses where this unit is primarily offered. See Engineering & IT Graduate Outcomes Table 2018 for details of the attributes and levels to be developed in the course as a whole. Percentage figures alongside each course goal provide a rough indication of their relative weighting in assessment for this unit. Note that not all goals are necessarily part of assessment. Some may be more about practice activity. See Learning outcomes for details of what is assessed in relation to each goal and Assessment for details of how the outcome is assessed. See Attributes for details of practice provided for each goal.
