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Unit of study_
CHNG3806: Risk Management for Chemical Engineering
2025 unit information
This unit of study aims to develop an appreciation of project and risk management practice of process systems for chemical and process engineering. It employs a holistic approach to management covering vital concepts in project management, technical risk assessment and decision making, economic evaluation and financial risk assessment, and project design optimization. It provides students with the experience and working knowledge to solve real world engineering problems in process-led and product-driven industries. 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 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.
Unit details and rules
Managing faculty or University school:
Engineering
| Study level | Undergraduate |
|---|---|
| Academic unit | Chemical and Biomolecular Engineering |
| Credit points | 6 |
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Prerequisites:
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CHNG2801 and CHNG2802 and CHNG2803 and CHNG2804 and CHNG2806 |
|---|---|
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Corequisites:
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None |
| Prohibitions:
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None |
| Assumed knowledge:
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Enrolment in this unit of study assumes that all core 2000 level chemical engineering units have been successfully completed |
At the completion of this unit, you should be able to:
- LO1. describe and appreciate the implications of major hazard facility
- LO2. prepare piping & instrumentation diagram for risk assessment review
- LO3. perform detailed review of process design using rapid ranking and Hazop techniques
- LO4. perform a quantitative risk assessment of projects
- LO5. estimate project costs from the flowsheet design
- LO6. understand the implications of depreciation and tax in project costing
- LO7. perform basic economic evaluation of projects and optimise design
- LO8. understand the economies of scale in projects
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
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Semester 2 2025
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Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
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Modes of attendance (MoA)
This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.
