Risk and change control

Risk and change control

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Project Management (MGT 258)

Unit 4: Project Appraisal and Risk Management

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of risk and change control.
• Apply the relevant concepts to a defined organizational or venture situation using evidence and stated assumptions.

Curriculum Scope

• Risk management
• Risk management process: Risk identification, Risk assessment, Risk response development, Risk response control
• Change control management

Detailed Microsyllabus

1. Risk process

   1. Identify threats and opportunities relevant to the project.
   2. Assess probability and impact using suitable evidence.
   3. Develop responses and assigned responsibilities.

2. Risk monitoring

   1. Track indicators and response effectiveness.
   2. Review emerging risks and residual exposure.
   3. Document updates and escalation decisions.

3. Change control

   1. Record proposed changes and analyze their impacts.
   2. Use defined approval authority.
   3. Update baselines and communicate approved changes.

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Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 124–125.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Examples involving current laws, rates, institutional products or Nepalese status must identify the relevant period and official materials; no changing numerical or legal requirements are invented here.