Risk is an important reality in business and in projects because we live in a world of uncertainty. This course provides a comprehensive overview of risk and strategies on how to manage and control it. The course is structured around the risk management process defined in A Guide to the Project Management Body of Knowledge (PMBOK), published by the Project Management Institute (PMI). The course provides a systematic approach of identifying risks, analyzing the risks for potential impact to the organization or project, creating strategies to mitigate risks, applying risk response measures when risk events occur, and establishing procedures for monitoring, controlling, and reporting on risks. Both concepts and practical tools are provided for students to manage risk on their own projects. 15 PDU credits from PMI are earned. www.bcit.ca/files/business/pdf/opmt0214.pdf
Upon successful completion of this course, students will be able to:
Identify potential project risks.
Evaluate impact of risks.
Develop strategies to control project risk.
Develop and implement project quality principles.
Effective as of Fall 2005
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