This course was designed as a supplemental study guide for the major content areas of Chapter 11 of A Guide to the Project Management Body of Knowledge (PMBOK Guide), Fourth Edition. In this course, you will define the core elements of risk management, including the risk register. You will also understand how risks are identified, prioritized, quantified and used in decision-making.
After completing this course, you will be able to:
Define risk and explain how it can impact a project
Understand the components of the risk management plan and risk register and their relationship to the project management plan
Understand the techniques involved in risk identification and analysis
Explain how the probability and impact of risk can be assessed and how risk events can be prioritized
Understand the difference between qualitative risk analysis and quantitative risk analysis and explain when either or both should be used
Understand how to make project decisions when outcomes are complex and affected by uncertainty
Explain how risk planning, risk analysis, risk response planning, and risk monitoring and controlling are related
Understand the various management responses to positive and negative risks
Explain the Monitor and Control Risks process and understand that risks must be monitored throughout the project life cycle
This course is self-paced and online. You will have access to this course for 30 days.
Target Audience: This course is designed for adult learners with some project management experience.
Level: Intermediate
Prerequisites: Learners should have some experience in project management and will need to have access to the Project Management Institute's A Guide to the Project Management Body of Knowledge, Fourth Edition (PMBOK Guide).
Estimated time to complete: 3.5 hours of online course work
Cost: $79
University of Minnesota Campuses