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CHNG9306: Risk Management for Chemical Engineering (2020 - Semester 2)

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Unit: CHNG9306: Risk Management for Chemical Engineering (6 CP)
Mode: Normal-Day
On Offer: Yes
Level: Postgraduate
Faculty/School: School of Chemical and Biomolecular Engineering
Unit Coordinator/s: Dr Wang, David
Session options: Semester 2
Versions for this Unit:
Campus: Camperdown/Darlington
Pre-Requisites: None.
Co-Requisites: CHNG3805 AND CHNG3807.
Brief Handbook Description: This unit of study aims to develop an appreciation of project and risk management practice of chemical process systems for chemical and process engineering. It employs a holistic approach to management covering vital concepts in project management, chemical process safety, technical risk assessment and decision making, economic evaluation and financial risk assessment, and optimum economic design.

By the end of this unit of study a student should be competent in: developing project work plans in conjunction with project management schedules; performing economic evaluations of projects, plans and processes; performing qualitative and quantitative risk assessments of projects, plans and processes; exploring optimization of complex processes under risk and uncertainty, covering unit operations, business units, enterprises and value chains.
Assumed Knowledge: CHNG9201 AND CHNG9202 AND CHNG9203 AND CHNG9204 AND CHNG9206.
Lecturer/s: Dr Wang, David
Dr Ghadi, Amirali
Ho, Minh
Tutor/s: To be allocated
Timetable: CHNG9306 Timetable
Time Commitment:
# Activity Name Hours per Week Sessions per Week Weeks per Semester
4 Lecture 2.00 1 13
5 Tutorial 3.00 2 13
6 Independent Study 13
T&L Activities: Tutorial 2 hours/week + 1 hour supplementary

Independent Study: Assignments, class exercises 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.

(7) Project and Team Skills (Level 2)
1. Be able to develop project work plans using MS Project.
(8) Professional Effectiveness and Ethical Conduct (Level 2)
2. Be able to perform qualitative risk assessment of projects using rapid ranking.
3. Be able to perform a quantitative risk assessment of projects.
4. Be able to estimate project costs from the flowsheet design.
5. Understand the implications of depreciation and tax in project costing
6. Prepare a resume for use in an employment application.
(5) Interdisciplinary, Inclusiveness, Influence (Level 2)
7. Be able to perform basic economic evaluation of projects and optimise design
(4) Design (Level 2)
8. Understand the economies of scale in projects.
9. Be able to 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.
# Name Group Weight Due Week Outcomes
1 Class Exercise in Rapid Ranking Yes 20.00 Week 4 2,
2 Class Exercise in HAZOP Yes 20.00 Week 6 9,
3 Quantitative Risk Assessment No 10.00 Week 8 3,
4 Capital and Production Cost No 20.00 Week 9 4, 8,
5 Economic Evaluation and Optimisation No 20.00 Week 12 4, 5, 7, 8,
6 Class Quiz on Depreciations, Time Value of Mone No 10.00 Week 9 5,
Grade Type Description
Criteria Based Assessment This unit as a whole is assessed on a Pass/Fail basis. Final grades are awarded at levels of SR for Satisfied Requirements or FA for Fail (replacing previous grades of R and F) as defined by Academic Board Resolutions: Assessment and Examination of Coursework. Details of Academic Board Resolutions are available on the University`s Policy website at . Criteria for grades on individual assessment tasks and on the requirements for successful completion of this unit will be supplied by the coordinator at start of semester.
Policies & Procedures: See the policies page of the faculty website at 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.
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.

Note that the "Weeks" referred to in this Schedule are those of the official university semester calendar

Week Description
Week 1 Lecture: Introduction to Project and Risk Managements
Tutorial: CV and Cover Letter
Week 2 Tutorial: Project Management using Microsoft Project
Lecture: Major Incidents and Hazard Identification
Week 3 Tutorial: Rapid Ranking exercise
Lecture: Rapid Ranking
Week 4 Tutorial: HAZOP Technique exercise
Lecture: HAZOP
Assessment Due: Class Exercise in Rapid Ranking
Week 5 Week in Industry
Week 6 Lecture: Quantitative Risk Assessment (QRA)
Tutorial: Quantitative Risk Assessment
Assessment Due: Class Exercise in HAZOP
Week 7 Lecture: Environmental Impact Assessment
Week 8 Lecture: Industry Guest Speaker
Assessment Due: Quantitative Risk Assessment
Week 9 Tutorial: Capital and production cost
Lecture: Cost Estimation and Economies of Scale
Assessment Due: Capital and Production Cost
Assessment Due: Class Quiz on Depreciations, Time Value of Mone
Week 10 Forecasting, Depreciation, Tax
Tutorial: Project cash flow
Week 11 Economic Evaluation of Projects
Tutorial: Economic Evaluation Method
Week 12 Lecture: MultiObjective Optimization I
Tutorial: Optimum Economic Design Assignment
Assessment Due: Economic Evaluation and Optimisation
Week 13 Lecture: MultiObjective Optimization II
Exam Period None

Course Relations

The following is a list of courses which have added this Unit to their structure.

Course Year(s) Offered
Master of Professional Engineering (Accelerated) (Chemical & Biomolecular) 2019, 2020
Master of Professional Engineering (Chemical & Biomolecular) 2015, 2016, 2017, 2018, 2019, 2020
Master of Engineering 2017, 2018, 2019, 2020
Master of Professional Engineering (Sustainability and Environmental Engineering) 2021

Course Goals

This unit contributes to the achievement of the following course goals:

Attribute Practiced Assessed
(7) Project and Team Skills (Level 2) No 0%
(8) Professional Effectiveness and Ethical Conduct (Level 2) No 60%
(6) Communication and Inquiry/ Research (Level 2) No 0%
(5) Interdisciplinary, Inclusiveness, Influence (Level 2) No 5%
(3) Problem Solving and Inventiveness (Level 2) No 0%
(4) Design (Level 2) No 35%
(2) Engineering/ IT Specialisation (Level 2) No 0%

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.