Project Risk Management

Understanding the management of risks on projects utilising a process based approach aligned with the PMBoK

4.25 (128 reviews)
Udemy
platform
English
language
Project Management
category
1,491
students
1.5 hours
content
Jun 2022
last update
$49.99
regular price

What you will learn

Understanding of the need for managing risks on projects and in an organisation

Define risk and the different types of risks.

Understand risk concepts including risk appetite, tolerance, criteria, etc

Learn and become familiar with the processes required to manage project risks

Identify project risks and how to create a risk register with various tools and techniques

Analyse project risks. Including tools for qualitative and quantitative analysis

Create risk response strategies

Implement, monitor and control risk responses

- Understand how to manage risks on project

Description

Projects are one-off pieces of work that are completed within a fixed timescale. They are undertaken to create unique products and services. They usually contain a great deal of risks, uncertainties, and complexities that need to be managed. Projects are necessary for there to be development in any business or nation. The challenge however is that management of projects could be complex especially if the requisite knowledge and skills are missing in those saddled with this responsibility.


There are a series of project management approaches and tools to help organizations reduce these risks, and create an effective platform to deliver project objectives. These approaches have been carefully documented over the years and they can be learnt.


Training in project management, especially one with a practical approach, can help participants gain the necessary knowledge and skills to appropriately utilize the project management tools and techniques to ensure success on their projects.


This course is focused on the processes for managing risks on projects. The course is useful for those preparing for the project management professional certification exam and those new to risk management or that have the responsibility of managing projects as team members or subject matter experts. The course explores in detail the definitions, processes, tools and techniques that are critical to successful management of risks on projects. Techniques and tools for risk identification, risk analysis, risk response planning and monitoring and control are discussed extensively.

The course covers the 7 processes of Risk Management namely;

  • Plan Risk Management

  • Identify Risks

  • Perform Qualitative Risk Analysis

  • Perform Quantitative Risk Analysis

  • Plan Risk Responses

  • Implement Risk Responses and

  • Monitor Risks


At the end of this course, participants would be able to;

  • Understand the need for managing risks on projects and in an organisation

  • Define risk and understand risk concepts including risk appetite, risk tolerance, risk criteria, etc

  • Understand the different types of risks

  • Enumerate the processes required to manage project risks

  • Identify project risks and how to create a risk register with various tools and techniques

  • Analyse project risks, including tools for qualitative and quantitative analysis

  • Create risk response strategies

  • Implement, monitor and control risk responses

  • Understand how to manage risks on project

Content

Welcome Video

Welcome

Lesson 1 - Introduction to Project Risk Management and Risk Management Planning

Lesson 1
Lesson 1 Quiz

Lesson 2 - Risk Identification and Risk Analysis

Lesson 2
Lesson 2 Quiz

Bonus Lesson - Risk Register

Risk Register

Lesson 3 - Risk Response Strategy and Risk Monitoring and Control

Lesson 3
Lesson 3 Quiz

Screenshots

Project Risk Management - Screenshot_01Project Risk Management - Screenshot_02Project Risk Management - Screenshot_03Project Risk Management - Screenshot_04

Reviews

KMizenko
October 10, 2023
The instructor designed a very concise; yet, effective comprehensive overview of risk management planning. This is a good course if interested in pre-risk management planning review before further consideration of possible specialization.
Martha
July 19, 2022
wonderful experience It is simple to learn and remember due to the organization of the information and the flow of the many operations. I sincerely appreciate it.
Abigail
July 19, 2022
This course was outstanding; it provided a thorough grasp in a visual, interactive, and entertaining manner that prevented it from being a chore. I'm grateful.
Moshina
July 15, 2022
Excellent course - very thorough and each section is well summarised. Instructor is clearly very experiences
Helen
July 15, 2022
As a first timer to this kind of course, I found it really engaging and will undoubtedly reference the videos time and again as I practise
Dennis
July 14, 2022
Very useful course for me because it is explained clearly and simply and progresses gradually. The course was professionally explained by the instructor.
Jam
July 14, 2022
The course covers all aspects and processes of project risk management in an easy-to-understand manner.
Weakire
July 14, 2022
Very important course that I desperately needed, with clear and informative explanations from an experienced instructor.
Wiliam
July 14, 2022
Excellent course that explains risk management from risk definition to risk analysis and mitigation. I really like your explanation method.
Jome
July 14, 2022
Highly recommended course that explains Project Risk Management in a straightforward and informative manner. Every lesson in the course has been enjoyable for me.
Pdoes
July 14, 2022
Thank you to the instructor for this excellent presentation style and valuable information presented in an easy-to-understand manner. This is a much-appreciated effort, and I hope to see you again soon.
Banjoko
July 14, 2022
Highly recommended course that explains risk in a straightforward and informative manner. Every lesson in the course has been enjoyable for me.
Eric
July 14, 2022
Nice and simple way of explaining risk that is simple to understand and apply in a project. This appeals to me.
Fegor
June 26, 2022
I have been able to learn the basics of risk management. Overall, it's a good course, but the voice recording kept on breaking at a point and this should be fixed.
Adeleke
June 24, 2022
The course is a fine for me. It opened me up to new dimension of risk. I thought I knew it well but as it is going I realized I need to learn more.

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DateDiscountStatus
7/26/2022100% OFF
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4651224
udemy ID
4/20/2022
course created date
5/8/2022
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