IT Project Management Essentials: Managing Risks in an IT Project

Overview/Description
IT project managers deal with risks every day, including potential cost overruns, schedule delays, design constraints, hardware defects, and software bugs. Without a plan or process in place to address the possibility of unpredictable and unwanted loss during a project, managers may be dealing with risks reactively, rather than proactively. Potential trouble areas need to be identified early and dealt with quickly and appropriately so a project doesn't go over budget, miss deadlines, or negatively affect an organization's reputation. IT project managers can plan effectively for handling the possibility of negative outcomes by following a risk management process. Such a process can help them monitor and control risks throughout a project's life cycle. This course describes the steps in a risk management process for IT projects – from identifying the risks and documenting them, to analyzing and developing appropriate and effective responses.

Target Audience
IT project managers and IT professionals preparing to take on IT project management responsibilities, as well as managers who support IT project managers

Expected Duration (hours)
1.0

Lesson Objectives

IT Project Management Essentials: Managing Risks in an IT Project

match common sources of risks in an IT project to their examples

match tools for identifying risks in an IT project to their descriptions

identify effective risk statements for a given IT project

recognize how to analyze risks in an IT project

match risk response strategies for an IT project to examples that illustrate them