Managing Risks in Project Environments
Too often, promising projects hit unexpected icebergs or miss valuable opportunities because of poor risk management. In this course, you’ll learn how to identify and manage risks that can impair any team’s ability to succeed.
What you'll learn
Managing risks and opportunities stands at the heart of every successful project initiative. Those that are unsuccessful in identifying risks and developing wise strategies for addressing them all too often find their promising project capsized, losing precious time and value that could’ve been preserved with a more watchful eye. In this course, Managing Risks in Project Environments, you’ll learn how to manage project risks effectively. First, you’ll explore the importance of risk management in projects, how to identify risk factors, and the kind of methods you have to choose from in managing those risks. Next, you’ll learn how to assess risks from a qualitative and quantitative perspective, and develop strategies to address them. Finally, you’ll discover how you can implement effective responses to risks and leverage potential opportunities. When you're done with this course, you’ll have the knowledge of why it’s essential to continuously monitor risk factors as project work progresses, in order to ensure risk responses are as effective as anticipated.
Table of contents
- Module Introduction 1m
- Assessing the Probability and Impact of Risk Factors 5m
- Qualitative and Quantitative Risk Analysis 4m
- Estimating Risk Exposure 8m
- Conducting Sensitivity Analysis 3m
- Using Expected Monetary Value Analysis 7m
- Harnessing Models and Simulations 4m
- Additional Risk Assessment Techniques 6m
- Module Review 2m