All projects start with uncertainty, creating wide-ranging consequences from unmet plans to total organizational failure. Nearly all projects are conducted in some form of a regulatory environment. But regulation alone cannot assure success. Ongoing research shows that risk management is still a frequently neglected area of planning, including in regulated environments such as healthcare, medical devices, and pharmaceuticals. This course examines a framework that may be applied to any projects and other initiatives to scale risk management best practices quickly. Through instruction and realistic, scenario-based assignments, students are introduced to organized and practical approaches to manage project risks and improve overall project outcomes.
During this course, participants will learn to:
- Understand the importance of risk management for both project and organizational success.
- Evaluate and analyze risks for probability and impact, and document them in a prioritized risk register.
- Understand, use, and tailor a framework for risk management.
- Apply scalable templates for risk management plans, risk assessment workshops, risk registers, and risk assessment matrices for initiatives.
- Determine risk mitigations and contingencies for both cost and time.
- Apply some common tools and techniques for all stages of risk management.
- Apply a seven-step qualitative risk response planning process to guide key management decisions.
- Understand how to implement approved responses to project risks.
- Improve the ability to monitor, detect, and respond to risk events.
: Students should complete Project Management Essentials
, Project Management Essentials in Science and Technology
, or Project Management Boot Camp
before enrolling in this course. Individual exceptions can be made based on previous experience and knowledge. Please contact email@example.com request an exception.
Other Credits: 18 hours of continuing education credit.
Note: Students should complete Project Management Essentials, Project Management Essentials in Science and Technology, or Project Management Boot Camp before enrolling in this course.
Course Number: BUSA-40971
Credit: 2.00 unit(s)
Related Certificate Programs: Project Management