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Casey Ayers

Too often, promising projects hit unexpected icebergs or miss valuable opportunities because of poor risk management. In this course, you’ll learn how to identify and manage risks that can impair any team’s ability to succeed.

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Too often, promising projects hit unexpected icebergs or miss valuable opportunities because of poor risk management. In this course, you’ll learn how to identify and manage risks that can impair any team’s ability to succeed.

Managing risks and opportunities stands at the heart of every successful project initiative. Those that are unsuccessful in identifying risks and developing wise strategies for addressing them all too often find their promising project capsized, losing precious time and value that could’ve been preserved with a more watchful eye. In this course, Managing Risks in Project Environments, you’ll learn how to manage project risks effectively. First, you’ll explore the importance of risk management in projects, how to identify risk factors, and the kind of methods you have to choose from in managing those risks. Next, you’ll learn how to assess risks from a qualitative and quantitative perspective, and develop strategies to address them. Finally, you’ll discover how you can implement effective responses to risks and leverage potential opportunities. When you're done with this course, you’ll have the knowledge of why it’s essential to continuously monitor risk factors as project work progresses, in order to ensure risk responses are as effective as anticipated.

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What's inside

Syllabus

Course Overview
Fundamentals of Project Risk Management
Assessing Risks and Developing Responses
Implementing Risk Responses
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Monitoring Project Risks

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Explores project risk management, a crucial skill for project success
Covers risk identification, assessment, and response strategies, essential knowledge for project managers
Taught by industry experts, Casey Ayers, ensuring practical and relevant content
Emphasizes continuous risk monitoring, a critical aspect of effective project risk management
Suitable for project managers, team members, and anyone involved in project delivery

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Managing Risks in Project Environments with these activities:
Review Risk Management Techniques
By reviewing the fundamental concepts of risk management before this course begins, you will be able to hit the ground running and better follow along with the course material.
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  • Review basic risk management terms, principles
  • Refresh your knowledge on conducting risk assessments
Review key concepts and definitions related to project risk management
Strengthen foundational understanding of project risk management terminology and concepts.
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  • Review course materials, textbooks, or online resources.
  • Create flashcards or notes to aid in memorization.
  • Test your understanding through practice quizzes or discussions.
Review 'Managing Project Risk' by Gary Heerkens
Develop a stronger base understanding of project risk management.
Show steps
  • Read chapters 1-3 of the book.
  • Summarize key takeaways from each chapter.
  • Identify key concepts and definitions related to project risk management.
  • Discuss the importance of risk management in project environments with peers.
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Participate in a peer-led discussion on risk management best practices
Gain insights and perspectives from peers on effective risk management strategies.
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  • Prepare by reading assigned materials on risk management best practices.
  • Join a peer-led discussion session.
  • Actively participate in the discussion, sharing ideas and experiences.
  • Reflect on the discussion and identify key takeaways.
Enroll in an online course or workshop on project risk management
Deepen understanding of project risk management concepts and methodologies through structured learning.
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  • Identify reputable online courses or workshops on project risk management.
  • Enroll and actively participate in the selected course or workshop.
  • Complete all assignments and exercises.
  • Apply the knowledge gained to real-world project scenarios.
Follow Tutorials on Qualitative Risk Assessment
This is a highly relevant exercise to deepen your understanding of the types of risks there are and how to effectively identify them in a practical setting.
Show steps
  • Identify three different tutorials on qualitative risk assessment
  • Follow the tutorials and take notes on the key concepts
  • Complete any exercises or assessments within the tutorials
Analyze case studies of project failures due to poor risk management
Enhance critical thinking and analytical skills in evaluating project risk factors.
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  • Read case studies of project failures.
  • Identify the risks that contributed to the failures.
  • Discuss with peers how these risks could have been managed or mitigated.
  • Write a report summarizing key learnings from the case studies.
Develop a risk management plan for a hypothetical project
Hone skills in identifying, assessing, and developing strategies for managing project risks.
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  • Define the project scope and objectives.
  • Identify potential risks and their likelihood and impact.
  • Develop strategies to mitigate or manage risks.
  • Create a risk management plan document.
  • Present the plan to a peer for feedback.
Develop a risk management policy for an organization
Enhance critical thinking and problem-solving skills through practical application of risk management principles.
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  • Research industry best practices in risk management policy development.
  • Identify key stakeholders and conduct interviews to gather input.
  • Draft a comprehensive risk management policy document.
  • Review and refine the policy with stakeholders.
  • Present and implement the policy within the organization.
Practice Risk Assessment and Response Planning
Completing practice drills will give you valuable experience in applying the risk management concepts you learn in the course.
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  • Identify a project and its associated risks
  • Develop a response plan for each risk
  • Simulate the implementation of your response plan
  • Evaluate the effectiveness of your response plan
Compile resources on project risk management tools and techniques
Enhance knowledge and access to valuable resources for effective project risk management.
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  • Research and identify reputable sources of information on risk management tools and techniques.
  • Create a document or database to organize and store the resources.
  • Include descriptions, links, and any relevant notes for each resource.
  • Share the compilation with peers or colleagues.
Create a Risk Management Case Study
By creating a risk management case study, you will be able to apply the concepts learned in the course to a real-world scenario and demonstrate your understanding.
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Show steps
  • Identify a project and its associated risks
  • Develop a risk management plan
  • Implement and monitor your risk management plan
  • Write a case study report that documents your experience
Participate in a Risk Management Competition
Participating in a competition is an excellent way to test your skills, learn from others, and showcase your knowledge of risk management.
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Show steps
  • Research different risk management competitions
  • Identify a competition that aligns with your interests and skills
  • Form a team or work independently
  • Develop a risk management plan for the competition
  • Participate in the competition and present your findings

Career center

Learners who complete Managing Risks in Project Environments will develop knowledge and skills that may be useful to these careers:
Project Manager
Project Managers are responsible for planning, organizing, and executing projects. They must have a strong understanding of risk management in order to identify and mitigate risks that could impact the project's success. This course provides a comprehensive overview of risk management in project environments, covering topics such as risk identification, assessment, and response planning. Taking this course can help Project Managers improve their risk management skills and increase the likelihood of project success.
Risk Manager
Risk Managers are responsible for identifying, assessing, and mitigating risks to an organization. They play a critical role in helping organizations achieve their objectives by ensuring that risks are managed effectively. This course provides a comprehensive overview of risk management in project environments, covering topics such as risk identification, assessment, and response planning. Taking this course can help Risk Managers develop the skills and knowledge they need to be successful in their role.
Business Analyst
Business Analysts work with stakeholders to define and document business requirements. They must have a strong understanding of risk management in order to identify and mitigate risks that could impact the success of a project. This course provides a comprehensive overview of risk management in project environments, covering topics such as risk identification, assessment, and response planning. Taking this course can help Business Analysts improve their risk management skills and increase the likelihood of project success.
Product Manager
Product Managers are responsible for managing the development and launch of new products. They must have a strong understanding of risk management in order to identify and mitigate risks that could impact the success of a product launch. This course provides a comprehensive overview of risk management in project environments, covering topics such as risk identification, assessment, and response planning. Taking this course can help Product Managers improve their risk management skills and increase the likelihood of product success.
Consultant
Consultants provide advice and guidance to organizations on a variety of topics, including risk management. They must have a strong understanding of risk management in order to help organizations identify and mitigate risks. This course provides a comprehensive overview of risk management in project environments, covering topics such as risk identification, assessment, and response planning. Taking this course can help Consultants develop the skills and knowledge they need to be successful in their role.
Auditor
Auditors are responsible for examining and evaluating an organization's financial and operational activities. They must have a strong understanding of risk management in order to identify and mitigate risks that could impact the organization's financial health. This course provides a comprehensive overview of risk management in project environments, covering topics such as risk identification, assessment, and response planning. Taking this course can help Auditors improve their risk management skills and increase the likelihood of identifying and mitigating risks.
Data Analyst
Data Analysts collect, analyze, and interpret data to provide insights to organizations. They must have a strong understanding of risk management in order to identify and mitigate risks that could impact the accuracy and reliability of their data analysis. This course provides a comprehensive overview of risk management in project environments, covering topics such as risk identification, assessment, and response planning. Taking this course can help Data Analysts improve their risk management skills and increase the likelihood of providing accurate and reliable data analysis.
Investment Banker
Investment Bankers provide financial advice and guidance to companies and governments. They must have a strong understanding of risk management in order to identify and mitigate risks that could impact the financial health of their clients. This course provides a comprehensive overview of risk management in project environments, covering topics such as risk identification, assessment, and response planning. Taking this course can help Investment Bankers improve their risk management skills and increase the likelihood of providing sound financial advice.
Financial Analyst
Financial Analysts provide financial advice and guidance to individuals and organizations. They must have a strong understanding of risk management in order to identify and mitigate risks that could impact the financial health of their clients. This course provides a comprehensive overview of risk management in project environments, covering topics such as risk identification, assessment, and response planning. Taking this course can help Financial Analysts improve their risk management skills and increase the likelihood of providing sound financial advice.
Insurance Agent
Insurance Agents provide insurance policies to individuals and organizations. They must have a strong understanding of risk management in order to identify and mitigate risks that could impact the financial health of their clients. This course provides a comprehensive overview of risk management in project environments, covering topics such as risk identification, assessment, and response planning. Taking this course can help Insurance Agents improve their risk management skills and increase the likelihood of providing sound insurance advice.
Compliance Officer
Compliance Officers are responsible for ensuring that an organization complies with all applicable laws and regulations. They must have a strong understanding of risk management in order to identify and mitigate risks that could impact the organization's compliance status. This course provides a comprehensive overview of risk management in project environments, covering topics such as risk identification, assessment, and response planning. Taking this course can help Compliance Officers improve their risk management skills and increase the likelihood of ensuring compliance with all applicable laws and regulations.
Quality Assurance Manager
Quality Assurance Managers are responsible for ensuring that products and services meet quality standards. They must have a strong understanding of risk management in order to identify and mitigate risks that could impact quality. This course provides a comprehensive overview of risk management in project environments, covering topics such as risk identification, assessment, and response planning. Taking this course can help Quality Assurance Managers improve their risk management skills and increase the likelihood of ensuring quality.
Risk Assessor
Risk Assessors identify and evaluate risks that could impact an organization's operations. They work in a variety of fields, including safety, security, and environmental protection. This course provides a comprehensive overview of risk management in project environments, covering topics such as risk identification, assessment, and response planning. Taking this course can help Risk Assessors develop the skills and knowledge they need to be successful in their role.
Safety Manager
Safety Managers are responsible for developing and implementing safety programs to protect employees and the public. They must have a strong understanding of risk management in order to identify and mitigate risks that could impact safety. This course provides a comprehensive overview of risk management in project environments, covering topics such as risk identification, assessment, and response planning. Taking this course can help Safety Managers improve their risk management skills and increase the likelihood of creating a safe work environment.
Actuary
Actuaries use mathematical and statistical methods to assess risk. They work in a variety of fields, including insurance, finance, and healthcare. This course provides a comprehensive overview of risk management in project environments, covering topics such as risk identification, assessment, and response planning. Taking this course can help Actuaries develop the skills and knowledge they need to be successful in their role.

Reading list

We've selected 11 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Managing Risks in Project Environments.
This industry-standard book is the authoritative source for project risk management knowledge and practice. It provides a comprehensive overview of risk management principles and techniques, and includes case studies and exercises to help you apply what you learn.
This practical guide to project risk management provides a step-by-step approach to identifying, assessing, and mitigating risks. It is written in a clear and concise style, and includes templates and tools to help you implement risk management in your projects.
This comprehensive textbook on risk management for projects provides a detailed overview of the risk management process, from risk identification to risk response. It valuable resource for project managers and risk professionals alike.
Provides a comprehensive overview of risk management for software projects. It covers the entire risk management process, from risk identification to risk response. It is written in a clear and concise style, and includes case studies and exercises to help you apply what you learn.
Provides a comprehensive overview of risk management for IT projects. It covers the entire risk management process, from risk identification to risk response. It is written in a clear and concise style, and includes case studies and exercises to help you apply what you learn.
Provides a comprehensive overview of risk management for oil and gas projects. It covers the entire risk management process, from risk identification to risk response. It is written in a clear and concise style, and includes case studies and exercises to help you apply what you learn.
Provides a comprehensive overview of risk management for mining projects. It covers the entire risk management process, from risk identification to risk response. It is written in a clear and concise style, and includes case studies and exercises to help you apply what you learn.
Provides a comprehensive overview of risk management for transportation projects. It covers the entire risk management process, from risk identification to risk response. It is written in a clear and concise style, and includes case studies and exercises to help you apply what you learn.
Provides a comprehensive overview of risk management for healthcare projects. It covers the entire risk management process, from risk identification to risk response. It is written in a clear and concise style, and includes case studies and exercises to help you apply what you learn.
Provides a comprehensive overview of risk management for government projects. It covers the entire risk management process, from risk identification to risk response. It is written in a clear and concise style, and includes case studies and exercises to help you apply what you learn.
Provides a comprehensive overview of risk management for non-profit projects. It covers the entire risk management process, from risk identification to risk response. It is written in a clear and concise style, and includes case studies and exercises to help you apply what you learn.

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