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:

1. Determine the tolerance for uncertainty within an organization.
2. Identify potential problems and opportunities within a project.
3. Analyze the likelihood of the risk occurring and its impact.
4. Determine appropriate responses to significant risks.
5. Monitor and control risk events during projects.
6. Evaluate the traditions and practices in the field that are often accepted unquestioningly.