As projects become more complex, the challenges for executive decision-makers become greater. Discuss why current risk management practices can be ineffective. Explore practices for handling risk in your projects and determining who is responsible for doing it. Also learn how to prevent the risks you can avoid and minimize the ones that you can’t.
Formerly: BMC 320 - Risk Navigation: Strategies for Major Capital Projects. Students who completed BMC 320 are exempt from taking BMC 345 Managing Risk in Projects.
Course Learning Outcomes
By completion of this course, successful students will be able to:
- Define and assess cross-functional capabilities required for effective risk management
- Identify new project risks as they arise or evolve through each project life cycle stage
- Apply proactive and practical risk mitigation techniques
Topics of Instruction
- Risk overview: elements of risk and risk management techniques
- Risks through each project stage gate
- How schedule drives risk
- Improving project outcomes
- Risk mitigation tools and practices
- Allocating risk
- Team risk management