Managing projects is a skill that is in heavy demand in any industry sector today more than any other time, as projects have evolved over the years from their traditional image of large-scale construction or engineering projects to what effectively is now ‘the process of change’ and the efficient utilisation of resources to achieve beneficial change in any industry. The Project Time, Cost and Risk Management elective aims to give a sound understanding and knowledge of the basic concepts, analytical tools and techniques underpinning the effective planning, control and management of major projects from both a theoretical and practical viewpoint.  It will provide an overview of the project management processes required to ensure that the project is completed on time and within the approved budget and the processes concerned with analysing and responding to project risk