Project Risk Management
BUSA-40971
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.
This course will provide 30 education hours. To receive Professional Development Units (PDU’s), submit your UCSD transcript to the Project Management Institute (PMI).
