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Risk
Analysis & Management
(679)
Credits: 3
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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
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Project Cost Risk Analysis
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Using Risk Analysis in Projects
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Project Schedule Risk Analysis
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Cultural Attitudes Towards Risk Analysis
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Technical/Performance Risk Analysis
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Traditional v. Risk Analysis
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Integrated Cost, Schedule and Technical Risk Analysis
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Simple Approaches to Risk Analysis
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Project Risk Analysis
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Making Decisions Under Uncertainty/System Failure Analysis
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Risk in Other Commercial Applications/Software Approaches to
Risk Analysis
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Full Probability Distribution Risk Analysis
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Implementing Risk Analysis Programs
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Gathering Information for a Risk Analysis
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| Increase Your Understanding of |
. Cultural attitudes about risk
. Qualitative and quantitative analytical methods
. Cost-Schedule-Technical-Risk analysis
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| Improve Your Ability to |
. Gather the relevant information for risk analysis
. Use software for risk analysis
. Managing and transferring risk
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Professor:
Benjamin Perez, B.S.B.A, M.A., D.B.A., Ph.D.
Text:
Identifying and Managing Project Risk, Tom Kendrick,
Amacom
Risk Management: Tricks of the Trade for Project Managers, Rita Mulcahy, PMP,
RMC Publications, Inc.
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