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Identifying Project Risks (PMBOK® Guide Fifth Edition)

Overview/Description Since every project faces some degree of risk, good project management involves a thorough investigation into all potential risks that may impact the project throughout its life cycle. Identifying potential risks and their causes and impacts can mean the difference between a project that reaches a successful conclusion and one that does not. In this course, learners will continue to learn about processes within the Project Risk Management Knowledge Area. It covers the best practices outlined in A Guide to the Project Management Body of Knowledge (PMBOK® Guide) –...

Performing Risk Analysis (PMBOK® Guide Fifth Edition)

Overview/Description The science of project management was founded, in large part, to manage risk and prevent it from negatively affecting project objectives, schedules, and budgets. Risk in any project is unavoidable. Fortunately, there are proven methods to identify and analyze potential threats so that appropriate risk responses are developed and the project's level of exposure is controlled. Risk analysis has become an important discipline within the field of project management. It involves prioritizing risks and assessing each identified risk's probability of occurrence and potential...

Risk Management Planning (PMBOK® Guide Fifth Edition)

Overview/Description There are a few questions that every project manager should ask at the beginning of a project: What do we hope to gain from this project? What kinds of things could keep that from happening? And how should we respond if those events occur? Every project involves some degree of risk. Identifying potential risks and having a plan for dealing with them can spell the difference between a project that reaches a successful conclusion and one that does not. In this course, learners will be introduced to the Project Risk Management Knowledge Area. It covers the best practices...

Risk Response and Control (PMBOK® Guide Fifth Edition)

Overview/Description Life is filled with uncertainties, and these uncertainties often affect our decisions and outcomes. Whenever decisions are made without prior knowledge or experience, there is always a chance of risk. When dealing with projects, it's the project manager's job to assess and control risks, avert or minimize their adverse effects, and capitalize on potential opportunities over the life of a project. This course covers the last two processes in the Project Risk Management Knowledge Area – Plan Risk Responses and Control Risks. Specifically, you will be introduced to...

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