Project Risk Management

Catalog description

Project Risk Management expands upon the risk management concepts introduced in the PROJMGT 7010 and PROJMGT 7020 Project Management courses, with a focus on applying risk management theories and practices to projects and the project management environment. The entire risk management life cycle, from definition, identification, analysis, assessment, response, control and closure, is taught using textbook, research, small group collaboration and case study techniques. Throughout each phase of the risk management life cycle, various tools and techniques are explored and applied which provide valuable practical means for the student to perform risk management on small to large projects. A Risk Management Plan is created that incorporates techniques such as a Risk Breakdown Structure, Risk Register, Risk Probability/Impact Matrix, Decision Tree Analysis, and Qualitative/Quantitative Risk Analysis, thereby rounding out the course and helping to prepare students for tomorrow's complex projects. Components: Class Prereqs/Coreqs: P: ( PROJMGT 7010 and PROJMGT 7020 and PROJMGT 7090 with grades of 'C' or higher), OR INDSTENG 7800 Typically Offered: Spring - Summer