PRM614 Project Risk Management (3 cr.)Prerequisite(s): PRM600 , PRM601 and PRM611 This course explores the basic principles and practices of risk management. Key concepts in managing uncertainty include developing a risk approach; and identifying, analyzing, responding to and monitoring risks in projects, programs, and portfolios.
Upon completion of this course, students are expected to be able to do the following:
- Determine the tolerance for uncertainty within an organization.
- Identify potential problems and opportunities within a project.
- Analyze the likelihood of the risk occurring and its impact.
- Determine appropriate responses to significant risks.
- Monitor and control risk events during projects.
- Evaluate the traditions and practices in the field that are often accepted unquestioningly.
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