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Expected Learning Outcomes

Completion requirements

Expected Outcomes:

By taking this course you will be able to:

  • See appropriate tools to identify, analyze risks, and establish response plans.
  • Analyze stakeholders and how their needs, expectations and relationship to the project organization affect the risks faced on the project
  • Develop strategies for responding to risk events, 
  • Establish procedures for effectively monitoring and controlling risk

Major topics, Syllabus:

Risk Management Planning

  • Key concepts
  • Components of a risk management plan
  • Relationship of risk management to the project life cycle
  • Organizational impact of good/bad risk assessment

Risk Identification

  • Opportunities and threats
  • Categories, sources and types of risk
  • Information gathering techniques
  • Identification tools and process

Analysis

  • Quantitative and qualitative tools and techniques
  • Financial tools
  • Filtering and Prioritizing risks

Response Development

  • Response strategies
  • Use of contracts to manage risk
  • Use of reserves
  • Developing a response strategy

Risk Monitoring and Control

  • Tools and process for monitoring and control
  • Managing issues - materialised events
  • Maintenance of the risk management plan
  • Reassessing risk
  • RM as a team activity
Relevant Standards and Guides:

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