PMI® Project Management Online Module – Risk Management
This module addresses the Risk Management Knowledge area covering the planning, the identification of risks, conducting the qualitative and quantitative risk analysis and ending with the planned risk responses. This course has been fully accredited by the Project Management Institute (PMI).
What Are the Benefits of this Module?
Project Risk Management includes the process of conducting risk management planning. That involves the stages of identification, analysis, response planning and controlling risk on a project. The objectives of Project Risk Management are to increase the probability and impact of positive events, and decrease the probability and impact of negative events on the project.
What are the Learning Outcomes?
This module covers the Project Risk Management Knowledge Area and its processes that reside as part of the Planning Process Group. The Control Risks process is dealt with in the Monitoring and Controlling part 2 module. It is based upon Chapter Seven of the PMBOK® Guide.
By the end of this module you will be able to explain:
- Apply the Plan Risk Management process to plan how risks will be managed from Project Initiation to Closure.
- Identify Risks that could have a positive or negative effect on project performance.
- Prioritize risks through application of qualitative and quantitative risk analysis.
- Plan risk responses to reduce the impact of threats and take advantage of opportunities.
What Content is Covered?
The following content is covered within this course:
- Project Risk Management.
- Planning Risk Management.
- Identifying Risks.
- Performing Qualitative Risk Analysis.
- Performing Quantitative Risk Analysis.
- Planning Risk Responses.
Who Should Attend?
This series of short courses designed to up-skill or refresh knowledge in specific Project Management subjects. Each short course earns seven Project Management Institute (PMI) PDU points. Whether you are looking to update your knowledge and skills or to increase your competence in a wider context, this programme gives great professional benefit.
Gottfredson and Mosher (2012) identified 5 moments of learning need:
- Learning for the first time.
- Learning more.
- Remembering and applying learning.
- Learning when things change.
- Learning when things go wrong.
These short courses provide a perfect way of enabling you or your teams to access bite-sized chunks of information that is applicable in each of the 5 moments of learning need.
What are the Course Delivery Options?
Is this accredited by the Project Management Institute?
Yes – fully.