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First advancements in project management: key examples of project from historical persective, the meaning of megaprojects.
Global project management associations, global standards and practice.
Chosen project typologies - aspect of risk.
Defining risk and uncertainty - classical approach by Frank Knight.
Risk, uncertainty, complexity and variability as conditions of the current business environment - challenge for project managers.
Characteristics of a risk management process in business organisations and projects.
Typologies of risks - examples. The concept of key risk indicators.
Phases of risk management process - planning, risk identification, risk analysis, risk response strategy, monitoring and control of the risk management process.
Possible attitudes to risk: risk aversion, "in-the-middle approach", risk tolerance. Risk as opportunity.
Risk response possibilities - acceptance, avoidance, contingency planning mitogation, transfer.
Effective corporate governance, internal audit and internal controls as means supporting effective risk management.
Value based management as a modern approach in management - a shareholder or stakeholder perspective?
Simple methods of financial appraisal in projects vs. more comprehensive approaches - NPV, IRR, payback period, EVA, EV.
The concept of earned value - most recognized method of measuring project performance.
Case studies of projects - international examples and discussion.
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