Project Risk Management

Project Risk Management

All projects contain a degree of uncertainty, unknowns and assumptions.   When dealing with these unknowns, there is the possibility of risk events occurring.  Good project managers know that identifying and assessing risks and then developing mitigating strategies can make the difference between project success and project failure.  In this course, you will learn:  tools and techniques used to identify project risks; how to evaluate and assess the impact or risks and to develop appropriate risk mitigation strategies for both positive (opportunities) and negative (threats) risks.  There are several team exercises which will enable students to practice using the tools and techniques discussed.    

Course objectives include:

  • Understand how risk tolerances influences decision making
  • Describe all risk management processes
  • Use of risk identification tools and techniques
  • Use of risk assessment tools and techniques
  • Process to develop appropriate responses for both positive and negative risks

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