BUSN1225 Principles of Cost and Risk Management
This course covers the fundamentals of managing costs and assessing financial risks in project and business environments. The course emphasizes effective strategies for cost control, risk mitigation, and informed decision-making. Students will examine various methodologies for analyzing costs, forecasting financial outcomes, and identifying potential risks that could impact project success. Emphasis is placed on developing a comprehensive understanding of cost management frameworks and risk assessment models used across industries.
Prerequisite
Qualifying score on reading assessment test OR
ENGL0921
Course Requirements and Evaluation
Refer to Course Syllabus for detailed information regarding the requirements and evaluation standards for this course. The Course Syllabus will be distributed the first week of the course.
Learning Outcomes
The following outcomes will be addressed in the course:
Define key concepts of cost and risk management
Apply cost estimation techniques to budgeting and planning
Analyze financial risks using qualitative and quantitative methods
Evaluate cost control strategies for efficiency and resource optimization
Develop strategies to identify and manage potential risks
Interpret financial data and risk reports for informed decision-making
Assess the impact of cost and risk on project success
Develop solutions to cost and risk challenges in various contexts
Text and References
A list of textbooks required for this course is available at the
campus store and in eServices.
Course Scheduling
The scheduled hours of instruction include sixteen hours for each lecture credit, thirty-two hours for each lab credit, and forty hours for each credit of supervised occupational experience (SOE). Lecture credit may include formal or impromptu lectures, demonstrations, or discussions with the entire class or with small groups or individuals. Refer to the Course Credits section of this course outline for the credit breakdown.
Accommodations Statement
Access Services - Reasonable accommodations are available to qualified students with documented disabilities. Upon attending an intake meeting with Access Services, qualified students will receive a letter listing the approved accommodations that they may provide to their instructors. If you have a documented disability that may require accommodations, contact HTC Access Services at
AccessServices@hennepintech.edu or
https://hennepintech.edu/current-students/access-services/index.html.
Campus
Brooklyn Park Campus and Eden Prairie Campus: 952-995-1300
Credit Details