Project risk management is the application of tools, techniques, and practices to both increase the likelihood of positive project outcomes and reduce the likelihood of negative ones. It requires constant vigilance from the earliest stages of a project through planning and execution and even beyond its completion.
Students in this course will learn risk management practices as they apply to traditional (waterfall) projects and Agile projects, and ultimately to the realization of a project’s intended benefits.
The course reviews basic risk management concepts for waterfall projects and introduces techniques for quantitative risk analysis, incorporating analysis insights into project plans, developing effective risk response plans, and creating project reserves. It also examines Agile practices such as backlog management, sprint planning, and quality management to reduce project risk.
Additionally, the course includes two key risk management topics – root cause analysis and organizational risk management. Root cause analysis helps teams identify potential risks during planning and how to manage them after they occur. Organizational change management assures a higher rate of adoption of project deliverables and realization of benefits to project stakeholders.
Coursework includes in-class team assignments, take-home assignments, and a final project, providing students with practical experience in applying risk management principles.
Basic level training or experience in waterfall project management and agile.
