Apply scientific methods in a real-world context on the MSc Project Management, Finance and Risk programme, and discover how to measure risk on any scale.
Who is it for?
This postgraduate Project Management, Finance and Risk programme is for those pursuing or planning a career in managing the introduction of capital goods or applying the latest project management techniques to complex projects. It is particularly suited to students with a scientific or financial engineering background as we cover quantitative risk assessment in depth, which requires an aptitude for measuring and analysing data.
Consider the risks contained within a project such as the Euro Tunnel. Two governments sponsoring the project and nine billion pounds of finance ring-fenced through a special purpose company to complete it. Will it be finished on time and will it secure the revenues to service the debt? These are the kinds of questions we address on this programme.
MSc Project Management, Finance and Risk gives you a foundation in quantitative risk assessment and decision-making under uncertain conditions, coupled with classical engineering economics and financial engineering.
From analysing indecision within games theory to rebuilding a country’s infrastructure, we explore the drivers in which businesses operate, and the challenges and opportunities that project managers face. Bringing in expertise from the Sir John Cass Business School, together with people from industry and the banking sector, we pool diverse skill sets to solve complex problems.
There is no formal requirement to do an industry-based placement as part of the programme. However, some students arrange to undertake their final project within a company.
As part of the University of London you can become a member of Senate House Library for free with your student ID card.
Teaching and learning
As well as lectures, you learn through tutorial support, guided private study, coordinating group activities, and coursework. Not every module has an exam and in some cases you will be assessed through a module project.
Full-time students complete the programme in one year and we expect you to devote a significant part of the non-taught hours to project work, group activities, as well as your own independent study. The duration of a part-time programme is two years (this may be extended to three years in individual cases).
There are four core modules and two electives. Out of the two electives you can choose from four or five topics including games theory, perspectives on management and leadership and entrepreneurship, innovations and enterprise.
You can also take part in a rolling programme of one-day events to build your communication and team-building skills while you study. These sessions cover topics including conducting research, improving your presentation skills and dealing with people.
The course is modular and each module lasts four days. The structure has been designed in this way so that both full and part-time students can follow the programme. In addition, the course offers practical skills in management, leadership, entrepreneurship, software and communications tools.
A Prince 2 Project Management Practitioner’s Course will be offered to students in the summer term. This five-day course, paid for by the institution, is presented by an outside training agency. By successfully completing the course you will be awarded a coveted practitioner’s certificate.
Core modules -Managing Risk and Uncertainty (20 credits) -Optimisation and Decision Making (20 credits) -The Project Lifecycle 20 credits) -Financial Engineering and Project Planning (20 credits) -Introductory mathematics (zero credits) -Dissertation (60 credits)
Elective modules - you will choose two elective modules -Communication and Presentation (20 credits) -Perspectives on Management and Leadership (20 credits) -Supply Chain Management (20 credits) -Entrepreneurship, Innovations and Enterprise (20 credits) -Decision Sciences 1 - Complex Systems and Networks (20 credits)
Graduates completing the course will be prepared for a wide range of careers involving project management, risk management and financial planning. From banking to management and from engineering consultancies to the pharmaceuticals industry, this programme gives you diverse options when it comes to developing your career and being part of key decision-making processes. If you want to work in infrastructure management and development, which involves management of supply chain and/or financial risks, the programme will be particularly relevant. Additionally, the course is ideal if you are planning a career in any of the following areas: -Capital goods -Management consultancy -Risk analysis in the pharmaceutical industry -Project management in the construction Industry -Investment banking -Banking analysis -Financial risk analysis -Real estate management -Marketing management -Aircraft engineering -Entrepreneurship