Risk and Decision Analysis - DPS 51045
|DPS 51045||36 hours|
Formerly DPS 16485 Project Management VI: Risk & Decision Analysis
In an age of constant technological change and an ever-shifting business environment, the only thing that is certain is uncertainty. Identifying and addressing risks in the implementation phase of a project can lead to costly fixes and, in a worst case scenario, project failure. This course will focus on the tools and techniques applied to risk and decision analysis in all phases of a project and help project managers to not just detect potential risks, but also predict and proactively manage all types of risks.
On completion of this course, students will:
- Understand the elements of project risk management;
- Identify, qualify, quantify and develop a response strategy, and monitor and control project risks;
- Apply risk management processes, including inputs, tools and techniques; outputs, including risk register, PERT, decision trees and influence diagrams; and simulations;
- Understand the influence of psychological and mathematical elements of risk;
- Build on the foundation of the Project Management Fundamentals and Project Planning, Estimating and Scheduling courses.
- Textbook required
- Daytime offering only