PRM614 Project Risk and Uncertainty Management (3 cr.)Prerequisite(s): PRM600 , PRM601 , PRM611 , PRM620 This course explores the 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 in predictive and agile management environments.
Upon completion of this course, students are expected to be able to do the following:
- Determine the level of risk exposure that is acceptable in pursuit of project objectives and define a risk strategy for the project.
- Identify and accurately describe potential uncertainty including threats and opportunities associated with a project.
- Analyze the likelihood of individual threats or opportunities occurring and their potential impact on overall risk of meeting objectives.
- Determine appropriate responses to significant risks, and evaluate implemented responses.
- Evaluate uncertainty and risk considerations using adaptive approaches.
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