Business Skills → Project Management Applied

Managing Project Risk (PMA08)

Everything is risky to a certain degree. From choosing a career, to starting an exciting new project, to buying an adventurous new flavor of ice cream, there’s always an element of risk involved. And doesn’t it feel great when that risk pays off? Pear and blue cheese ice cream, who knew?

That’s not always the case, though. Taking big risks can leave you open to failure. So how do you know when to take a risk, and when to play it safe?

When you manage project risk, and measure the likelihood and impact of possible outcomes, you can find out which risks are really worth taking. Learning to track risks, and monitoring the solutions put in place to counter them, will help you and your team make effective decisions.

By the end of this course, you’ll be able to:

• Create and assess a risk register
• Determine the likelihood and impact of risks
• Outline the benefits of regular reviews of risk

Why take this course?

This course is designed to help project managers and leaders put effective risk management measures in place. Heading a well-informed team that shares information on risks effectively, will help safeguard your project from pitfalls and failure.

10 mins | SCORM | Takeaway Tasks

Version Date: 2021/09/01

  • Managing Project Risk
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever