COURSE DESCRIPTION
This course places the concepts of risk management into action to make a project more successful. The student will receive a solid understanding of risk management, a vital component of any project management professional’s training, regarding of the industry in which he or she might work in today’s fast-paced, constantly changing and extremely competitive environment. This course provides insights into the best ways to implement the traditional techniques of risk management but also explores innovative new methods that can help modern organizations build their culture, improve financial performance and ultimately achieve greater success in all their projects.
COURSE LEARNING OUTCOMES (CLOs)
On completion of this course, students are expected to be able to:
- Learn why risk management is integral to project management
- Identify and determine project risks influenced by the project manager, the project team, organizational factors, and external factors
- Conduct and analyze individual and overall project risk analysis
- Monitor and control project risk
- Identify and determine project manager competencies versus project risk
Course Outline:
- Practical Application of Project Risk Management
- Risk Management – Integral to Project Management
- Risk Definitions and General Categories
- Classical Project Risk Management Practices
- Determining Individual Project Risks
- Project Risks Influenced by the Project Manager and Project Team
- Project Risks Influenced by Organizational and External Factors
- Individual Project Risk Analysis
- Overall Project Risk Analysis
- Determining and Planning Project Risk Responses
- Monitoring and Controlling Project Risk
- Project Management Tools and Techniques Affecting Project Risk
- Project Manager Competencies Versus Project Risk
- Various Project Risk Management Influencers
Course Textbook
Mastering Risk and Procurement in Project Management: A Guide to Planning, Controlling, and Resolving Unexpected Problems
Randal Wilson
Link: https://www.pearson.com/us/higher-education/program/Wilson-Mastering-Risk-and-Procurement-in-Project-Management-A-Guide-to-Planning-Controlling-and-Resolving-Unexpected-Problems/PGM250287.html
Feedback Given to Participants in Response to Assessed Work
- Individual written feedback on coursework
- Feedback discussed as part of a tutorial
- Individual feedback on request
- Model answers
Developmental Feedback Generated Through Teaching Activities
- Feedback is given at presentations and during tutorial sessions
- Dialogue between participants and staff in tutorials and lectures
GRADING AND SCORING
The course grade will be based on a final project presented by the participant and graded by the instructor. Participants much achieve a passing grade of 70% or more to be awarded a certificate of completion of the course.
