About the course
Risk management is the structured, disciplined approach to dealing with unknown events and how they can affect project performance. This course includes a review of the basic components of risk: probability of an event and the consequences of the event. The core elements of probability theory are reviewed, as are the basic components of estimation theory. Risk management is assessed from its basic steps: risk identification, risk impact analysis, risk response planning, risk monitoring and control, and planning. Risk modeling, using Monte Carlo simulation, will be fully discussed. Case studies will illustrate how risk management is successfully used in a variety of fields. Project management applications are reviewed to show how risk management improves project performance as measured by reduced cost overruns and schedule delays and how quality and safety issues can be improved by application of risk management techniques.
At the completion of the course, a successful student will be able to:
- Identify the basic components of risk and a risk management plan.
- Describe the core elements of probability and estimation theory.
- Describe how risk management improves project performance.
Susan Kudla Finn, PMP, is a dynamic leader, compelling communicator and highly skilled lobbyist with an impressive track record of success leading seven diverse organizations. Susan has taught a diverse portfolio of project management courses to over 2,000 students in Fortune 500 companies and 16...
Read more about Project management
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.