Dr. Mohammed Al Khalil

Department of Construction Engineering & Management

26-01-2008 05:39 PM


King Fahd University of Petroleum & Minerals

College of Environmental Design

Construction Engineering & Management Department

CEM 516

Project Risk Management



Instructor: Dr. Mohammed Al Khalil

Office # 19/432

Office hours: Saturdays and Mondays, 12:00-01:30

Tel #: 860-3715

 Course Description:

 This course deals with project risk management, and especially as it relates to construction projects. Among the topics to be covered will be risk management system, decision theory, utility theory, simulation, multicriteria decision making, and risk in construction projects. Students will be expected to submit a report on a project related to project risk.


Course Content:



Overview of Project Risk Management

The Risk Management System

Risk Management Planning

Risk Management Planning 2

Risk Identification

Qualitative Risk Analysis

Quantitative Risk Analysis

Risk Response

Risk Monitoring & Control


Review of Probability

Random Variables

Decision Analysis

Utility Theory


Multicriteria Decision Making Models

Risk and Construction Projects


Course Major Events:



March 26


April 23


May 12


May 12-21

Exam 1

Exam 2

Project Submission

Project Presentations

Final Exam