Risk Analysis & Management (679) Tuition $ 825 - Credits: 3
All projects and programs pose the risk that they will not be completed according to cost, schedule, and performance objectives, and not achieve the anticipated rewards. So Course 679 teaches you how to predict the probability of undesirable events and weigh the consequences of their occurrence. All good risk management approaches have five characteristics and this course covers all of them in detail: (1) planning and documenting risk-management processes for the project or program; (2) prospective assessment of possible problems and opportunities; (3) periodic review of the initial assessment to validate original findings and to uncover new problems; (4) definition of evaluation criteria covering all facets of the program; and (5) documentation of on-going results of the risk-management process.
Subjects covered include:
Introduction to Risk Analysis and Management
Project Cost Risk Analysis
Using Risk Analysis in Projects
Project Schedule Risk Analysis
Cultural Attitudes Towards Risk Analysis
Technical/Performance Risk Analysis
Traditional v. Risk Analysis
Integrated Cost, Schedule and Technical Risk Analysis
Simple Approaches to Risk Analysis
Project Risk Analysis
Making Decisions Under Uncertainty/System Failure Analysis
Risk in Other Commercial Applications/Software Approaches to Risk Analysis
Full Probability Distribution Risk Analysis
Implementing Risk Analysis Programs
Gathering Information for a Risk Analysis
. Cultural attitudes about risk . Qualitative and quantitative analytical methods . Cost-Schedule-Technical-Risk analysis
. Gather the relevant information for risk analysis . Use software for risk analysis . Managing and transferring risk
Professor: Laurie Brown, B.S. M.P.M. Text: Identifying and Managing Project Risk, Tom Kendrick, AmacomRisk Management: Tricks of the Trade for Project Managers, Rita Mulcahy, PMP, RMC Publications, Inc.
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