Risk Management for Projects
Learn how to manage risk in your organisation by using the best processes and procedures.
| Length | 5 weeks |
|---|---|
| Effort | 2 - 3 hours per week |
| Level | Introductory |
Risk management is a process used for the identification, assessment and analysis of potential risks to an organisation or project. This process enables you to develop the most appropriate risk response.
In the Risk Management for Projects course, you will learn the fundamentals of risk management, as well as how to apply a risk management process in a project-based setting. Risk management is an iterative process, and you will learn how adopting key procedures can help you maximise opportunities and minimise negative impact on your project objectives.
In this course, you will further upskill through the application of the risk management canvas, which is a framework that enables you to manage risk within your own environment. It will immerse you in the concepts of risk management and help you to apply the key processes.
Practical activities through the course will allow you to apply the knowledge you learn as each week focuses on a key stage of the risk management process. The theories and practices taught in the course can easily be applied to any project, organisation or business environment.
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Week 1: The fundamentals of risk management
- Define risk management
- Recognise why it鈥檚 important to set the context and objectives for the risk management process
- Recognise why it鈥檚 necessary to apply a risk management process in a project; and
- Summarise and classify each step of the risk management process by using the Risk Management Canvas.
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Week 2: Risk identification
- Identify risks in achieving objective outcomes
- Identify categories of risk; and
- Select methods to identify risks.
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Week 3: Risk assessment
- Recognise the process of undertaking a risk assessment of identified risks
- Select risk controls through risk assessment
- Use a risk matrix to respond to identified risks
- Clarify risks to stakeholders; and
- Use contingencies to deal with risk.
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Week 4: Risk response
- Identify methods of treating risk
- Design a Communications Plan to include all stakeholders in the management of identified and assessed risks; and
- Design a Risk Management Plan.
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Week 5: Risk monitor and review
- Recognise the importance of a monitor and review process
- Use a monitor and review process
- Integrate a monitor and review process that sets targets
- Obtain and use feedback for continuous improvement; and
- Select steps for continuous improvement.
What you鈥檒l learn
- How the risk management process works as part of a compliance framework
- Use of frameworks to identify, assess and analyse risks in a business context
- Application of appropriate risk responses
- Design and integration strategies for reporting and communicating risks to various stakeholders; and
- Use of a monitor and review process, and application of risk management as an iterative process.
Is this course for me?
This course is aimed at professionals who plan, manage, or support projects and want to strengthen their ability to identify, assess, and respond to risk in a structured and practical way.
Enrolment
| For individuals | For teams |
|---|---|
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Enrol for this course through edX. |
If you are interested in enrolling five or more team members in this course, please contact us to arrange bulk enrolment and group discounts. |