Project Risk Management   

Competencies:

• Describe the key risk management concepts and terminology utilized by the Project Management Institute (PMI) 
• Describe the inputs, methods, and outputs for identifying project risk 
• Compare methods for prioritizing risks 
• Explain the various types of risk response 
• Summarize the methods for monitoring and controlling risk 

 

Risk is present in every aspect of every project. Rather than a one-time event, Risk Management is a process that starts the moment you are assigned as the Project Manager and continues until completion of the effort. This course examines the Risk Management framework, including planning for risk, identification of risks in scope, resources and schedules, assessment of risks, and how to monitor and control risks. Students will obtain hands-on practice identifying sources and triggers for risks, writing well-crafted risk statements, and working with stakeholders to reduce or eliminate risks. This course uses project management guidelines and standard terminology from the Project Management Institute’s PMBOK® Guide. Yields 9 PDUs.

 

Prerequisites:

• Principles of Project Management or equivalent knowledge  

• Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project, 3rd Ed. Tom Kendrick, American Management Association.
• A Guide to the Project Management Body of Knowledge, 6th ed.
• The Fast Forward MBA in Project Management, 5th ed.