Project Risk Management (XAPM215)
Teams often wait until risks begin to generate unfavorable outcomes and then they have to react quickly to address these risks "just-in-time". Rarely is this an effective strategy. A better approach is to utilize tools and techniques for tracking and mitigating the broad range of risks and uncertainty inherent in the management of complex projects.
Learn How To:
- Understand the "flaw of averages" and its implications for traditional metrics
- Identify the four building blocks of uncertainty probability distributions
- Determine where potential organizational failures may occur that could impact your project or program and generate ideas for mitigation
- Utilize a process to identify risk management considerations, assess the severity and consequences of a given risk and its overall threat to your project or program, and explore options and trade-offs for managing the risk