What you'll learn
• Discuss the concept of risk and risk management within a project environment as well as discuss the impacts of human psychology on project risk management
• Articulate how to develop and implement a risk management plan
• Define methods to execute a strategy for risk identification and assessment that is appropriate for an individual project environment
• Define multiple response strategies and discuss how their employment into a risk response plan
• Explain the management of risk through the project lifecycle
Requirements
No prerequisites. This course will teach the fundamentals of risk management within project efforts.
If you have risk management experience in projects, you will benefit, too! This course includes useful, unique information around the human psychology of risk as well as practical tools that can be applied to holding risk sessions for your projects.
Description
Essentials in Project Risk will help you to implement sound risk process that can be tailored to serve the various size and complexities of your project efforts. You will learn the essential elements required to ensure that your project initiatives are competently planning for, evaluating, prioritizing and responding to threats to success. You will also be provided potential challenges to watch out for when implementing risk process in the project environment that will give stakeholders greater confidence in both your threat and opportunity management.Essentials in Project Risk covers efficient, practical methods for incorporating risk management into project initiatives. This course includes a comprehensive methodology that will scale to both the size and complexity of any project. Discussion topics include risk planning, identification of risk, qualitative and quantitative assessment, response development, and the management of risk during a project's execution.With Essentials in Project Risk you can:Effectively assess the human psychology of risk on your project effortsSuccessfully prioritize the threats that must be actively managed as well as risk that can be passively acceptedOvercome the typical challenges that can occur within project risk processesIncrease stakeholder confidence in the project's oversight of threatsUncover opportunities that can add value to the client's solution
Overview
Section 1: Introduction
Lecture 1 Introduction
Section 2: The Human Psychology of Uncertainty
Lecture 2 The Human Psychology of Uncertainty
Section 3: The Risk Management Processes and the Risk Management Plan
Lecture 3 The Risk Management Processes and The Risk Management Plan
Section 4: Risk Identification
Lecture 4 Risk Identification
Section 5: Risk Assessment
Lecture 5 Risk Assessment
Section 6: Risk Response Development
Lecture 6 Risk Response Development
Section 7: The Monitoring and Management of Project Risk
Lecture 7 The Monitoring and Management of Project Risk
Section 8: Course Wrap Up
Lecture 8 Course Wrap Up
Project professionals, managers and team members, will find this course useful for insight and ideas for approaching risk on project efforts. These ideas can be applied both in predictive/traditional projects as well as adaptive/agile initiatives.,Project owners who wish to have a stronger knowledge of risk management for project initiatives will find this course valuable.


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