
Learn how project risk management identifies uncertainty, assesses its positive and negative impact on objectives, and uses systematic processes to minimize risk, exploit opportunities, create value, and reassure stakeholders.
Identify and evaluate positive and negative risks, plan actions, and implement responses as part of risk management to reduce negative impacts and boost positive outcomes.
Explore tools and techniques for qualitative and quantitative risk assessments, including expert judgment, data gathering, probability and impact, EMV, decision tree analysis, and uncertainty representations.
Explore risk management by implementing response plans, assessing outcomes, and deriving lessons learned, illustrated through the Sydney Opera House case and contingencies.
Risk Management is very important knowledge area in Project Management. Every Project gets impacted due to various risk. The success of project depends on how well the risks were managed on project. Project Manager must be able to stand and manage the risks on projects. Many projects gets affected due to improper risk management. It is the very important aspect for better project management. From my own experience of handling various projects since last 22 years, I though this course will help many project managers in the making. This course is designed in very simple language and small small sessions. This Course will cover definition of various terminologies related to risk and risk Management. This course covers, risk identification process along with the importance of risk register. It covers risk evaluation of both quantitative and qualitative type with examples. This course covers Risk response planning and various risk mitigation strategies such as avoid, mitigate, transfer, enhance, exploit etc. It also covers the role of risk owner. This course covers in detail all the aspects of risk management on projects. There are both types of risks ,positive as well negative risks on Project. This course covers on how to minimize the negative risks and exploit the positive risks. At the end there is profound case study of one of the iconic project in the world. This case study details the how no risk management impacted a project in terms of scope, quality , time and cost.