Teaching risk with virtual worlds

We discuss and demonstrate how Virtual Worlds available at the University of Bedfordshire have been used to teach Project Management using a 'situated learning' approach. In particular we have a closer look on the aspect of teaching risk management and identify how different aspects of risk are addressed in a variety of implementations of Virtual Worlds, namely Second Life, a Virtual World provided by an external provider, not Linden Lab, a Virtual World that is maintained 'in-house' and a Virtual World hosted by the students themselves. We note that the student experience of risk is different in each of these incarnations of a Virtual World which impacts their perception of risk and hence the effects this has concerning the teaching goals.