Risk Strategy and Planning from Coursera

Welcome to the Risk Strategy and Planning Course!

This course covers first domain of PMI-RMP® Exam Content Outline (ECO)-2022.

Take control of uncertainties and drive project success with the Risk Strategy and Planning course, an integral part of the PMI-RMP® (Risk Management Professional) specialization. This course equips learners with the knowledge and tools required to craft comprehensive risk strategies, manage uncertainties, and build a risk-resilient organization.

In this course, you will learn through an interactive curriculum that involves interactive lessons, practice assignments, and graded quizzes on key topics like risk roles, organizational influence factors, and communication strategies. Also, you will get hands-on experience using tools such as risk registers and stakeholder registers and learning techniques for setting up effective risk thresholds and preparing triggers.

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

• Develop effective risk strategies and plans specific to organizational needs.

• Identify and manage risk roles, which include Risk Manager and Risk Owner.

• Analyze how organizational factors and project approaches may influence risk.

• Engage stakeholders and foster a risk-aware culture.

• Safely and confidently navigate the risk management lifecycle.

So, enroll now to master the art of risk strategy and planning!

What's inside

Syllabus

Getting Started with Risk Strategy and Planning

This module explores the foundations of risk strategy and planning, beginning with an introduction to its processes and key roles, including Risk Manager, Risk Owner, and Risk Team. The module also emphasizes the significance of customer agreements and assumption logs.

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Covers the first domain of the PMI-RMP® Exam Content Outline (ECO)-2022, which is essential for those pursuing Risk Management Professional certification

Offers hands-on experience using tools such as risk registers and stakeholder registers, which are essential for practical risk management application

Teaches how to analyze organizational factors and project approaches that may influence risk, which is crucial for tailoring risk management strategies

Explores the foundations of risk strategy and planning, including key roles like Risk Manager and Risk Owner, which are vital for effective risk management

Requires learners to understand customer agreements and assumption logs, which may necessitate prior experience in project management or contract administration

Reviews summary

Risk strategy for pmi-rmp prep

According to learners, this course provides a positive and structured approach to risk strategy and planning, aligning well with the PMI-RMP® Exam Content Outline (ECO)-2022, particularly Domain 1. Students found the practical assignments and hands-on exercises using tools like risk registers and stakeholder engagement to be particularly useful and relevant for both exam preparation and real-world application. However, some reviewers noted that the delivery could be dry and that certain concepts felt rushed or required supplemental reading for full clarity. While providing a solid foundation, some felt the depth was lacking for more advanced learners or those seeking extensive practical software experience, describing the included tools as basic templates rather than simulations.

Explanations clear for some, dry for others.

"Excellent course covering the first domain... The instructor explains concepts clearly..."

"The course covers the topics, but I found the delivery a bit dry at times. The explanations were okay, but I had to supplement with outside reading..."

"Okay course. It provides the information, but it's not particularly engaging. Some concepts were not explained as clearly as I would have liked."

Useful exercises with core risk tools.

"...the interactive lessons make learning engaging. The assignments on risk registers and stakeholder engagement are very practical and directly applicable."

"I particularly liked the hands-on exercises with the tools. The quizzes were challenging but fair. Great job!"

"Provides a very structured approach to risk planning... The practical exercises are simple but helpful for understanding the structure of registers etc."

Aligns well with the exam content.

"Excellent course covering the first domain of the PMI-RMP exam. ... Highly recommend for RMP prep..."

"This course is invaluable for anyone preparing for the PMI-RMP exam. The content aligns perfectly with the ECO."

"This course is spot on for PMI-RMP Domain 1. Everything is covered thoroughly and explained well."

Basic examples, could use more depth.

"Disappointed. Expected more depth. The course rushes through important topics. The 'hands-on' tools were just templates..."

"Some parts felt a bit rushed, especially the section on organizational influence factors. Could benefit from more case studies or real-world examples beyond the basic register exercises."

"Useful for getting the RMP perspective. Could be improved with more advanced scenarios."

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 Risk Strategy and Planning with these activities:

Review Project Management Fundamentals

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Reviewing project management fundamentals will provide a solid foundation for understanding risk management within the project context.

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Review the project management lifecycle.
Study key project management processes.
Familiarize yourself with project management terminology.

Participate in a Risk Management Study Group

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Participating in a study group will allow you to discuss risk management concepts with peers and learn from their experiences.

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Find a group of students interested in risk management.
Schedule regular meetings to discuss course materials.
Share insights and perspectives on risk management challenges.

Read 'Risk Management: Concepts and Guidance'

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Reading this book will provide a deeper understanding of risk management concepts and their application in real-world scenarios.

View The Project Management Drill Book: A Self-Study... on Amazon

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Read the book cover to cover.
Take notes on key concepts and methodologies.
Reflect on how these concepts apply to project management.

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Design a Risk Register Template

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Designing a risk register template will reinforce your understanding of the key elements of risk documentation.

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Research different risk register formats.
Identify the essential fields for capturing risk information.
Create a user-friendly template that can be easily adapted.

Develop a Risk Communication Plan Template

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Creating a risk communication plan template will help solidify your understanding of communication strategies and stakeholder engagement.

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Research best practices for risk communication.
Identify key stakeholders and their communication needs.
Design a template that addresses these needs.

Conduct a Risk Assessment for a Hypothetical Project

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Performing a risk assessment will allow you to apply the concepts learned in the course to a practical scenario.

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Define the scope and objectives of the hypothetical project.
Identify potential risks using brainstorming and checklists.
Analyze the likelihood and impact of each risk.
Develop mitigation strategies for high-priority risks.

Review 'The Risk Management Handbook'

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Reviewing this handbook will provide a broader perspective on risk management and its application across different industries.

View Practical Project Risk Management, Third... on Amazon

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Skim the table of contents to identify relevant chapters.
Read the chapters that align with your interests and learning goals.
Summarize the key takeaways from each chapter.

Career center

Learners who complete Risk Strategy and Planning will develop knowledge and skills that may be useful to these careers:

Risk Manager

A Risk Manager is responsible for identifying, analyzing, and mitigating risks within an organization or project. This course perfectly aligns with the role, as it provides a comprehensive understanding of risk strategy and planning, including the development of risk management plans. This individual also needs to develop effective risk strategies, understand risk roles, analyze organizational factors, engage stakeholders, and navigate the risk management lifecycle. This course specifically helps to understand risk roles, including that of the Risk Manager, and shows how to create a risk aware culture. Someone who wishes to become a risk manager should take this course as it will help them use risk registers, stakeholder registers, and implement risk thresholds and triggers.

See salaries and explore the career path for Risk Manager

Risk Analyst

A Risk Analyst identifies and assesses potential risks to an organization, providing data driven insights for decision making. This course helps those practicing as a risk analyst, as it provides an understanding of risk strategy and planning. The curriculum includes hands-on experience with risk registers and stakeholder registers. This course teaches how to analyze risk roles and how organizational factors influence risk. It will help anyone who seeks to become a risk analyst learn how to develop risk strategies, manage uncertainties, and practice the risk management lifecycle. The course would be useful for anyone working in risk by showing how to identify triggers and thresholds.

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Project Manager

A Project Manager oversees all aspects of a project, including risk assessment and mitigation. This course helps in that it provides the knowledge and tools necessary to understand how risk strategy planning fits into project management. The course teaches how to identify and manage risk roles and analyze how organizational and project approaches influence risk. The course emphasizes the importance of understanding risk within the context of a broader project, including how to engage stakeholders and foster a risk aware culture. A project manager would benefit from this course because it teaches how to manage uncertainties and build a risk resilient project.

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Program Manager

A Program Manager oversees multiple projects at once as well as their interdependencies, and therefore must understand risk at both the project and program level. This course is a good fit for program managers because it covers the risk strategy and planning necessary in project based work. The course teaches how to develop risk strategies, manage risk roles, analyze how organizational factors and project approaches impact risk, and how to engage with stakeholders to foster a culture of risk awareness. A program manager would benefit from the lessons on risk registers, stakeholder registers, risk thresholds, and triggers to ensure the success of their program.

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Operations Manager

An Operations Manager oversees the day to day activities of an organization, including the management of risks that may impact efficiency. This course helps an operations manager understand risk and how to manage it within their purview. This course teaches how to implement risk strategies, understand risk roles, analyze organizational influences on risk, engage stakeholders, and navigate the risk management lifecycle. By taking this course, someone pursuing a role in operations will have a framework on how to manage risks and uncertainties in their projects, as well as how to build a risk resilient workflow.

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Management Consultant

A Management Consultant advises organizations on how to improve their performance, including how to manage risk effectively. This course helps a management consultant better understand risk management and how to plan appropriate risk strategies. The course emphasizes the importance of understanding risk roles, organizational factors, communication strategies, and how to use tools such as risk and stakeholder registers. A management consultant who takes this course will be prepared to advise their clients on risk management strategies, because they also learn how to implement and navigate a risk management lifecycle.

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Compliance Officer

A Compliance Officer ensures that an organization adheres to laws, regulations, and internal guidelines, including those related to risk management. The risk planning and strategy that is taught in this course helps a compliance officer better implement compliance measures. This course covers risk roles and the influence of organizational factors on risk, which will empower someone in a compliance role. This course may be useful for anyone looking to understand risk within an organization, as it provides risk strategies to manage uncertainties. This course also helps develop communications strategies to implement risk management throughout the organization.

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Strategic Planner

A Strategic Planner develops long term plans for an organization, which includes identifying and mitigating potential risks. This course will be helpful for anyone who seeks a career in strategic planning. Specifically, this course covers risk roles and the influence of organizational factors on risk. The course emphasizes how to develop risk strategies, as well as how to manage them. It also teaches how to engage stakeholders to foster a risk aware culture. This will help anyone who wants a career as a strategic planner to manage uncertainties and build a risk resilient organization.

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Internal Auditor

An Internal Auditor evaluates an organization's internal controls, including risk management processes. This course covers how to develop effective risk strategies and plans, as well as how to manage risk roles within an organization. Because the course shows how to analyze organizational factors that influence risk, an internal auditor will be able to better assess the risk management measures of an organization. This course will be useful for an internal auditor to understand how risks are managed in the organization, and will equip them with the knowledge to assess how to build an effective risk management framework.

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Project Coordinator

A Project Coordinator supports the Project Manager, and in that capacity they help to implement risk management plans. This course may be useful for a project coordinator, as it teaches them how to manage risk roles within the organization and how to use risk registers and stakeholder registers. The course also teaches how to analyze organizational factors and project approaches that may influence risk. By taking this course, a project coordinator will better understand how to implement risk strategies and navigate the risk management lifecycle.

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Business Continuity Planner

A Business Continuity Planner develops and implements plans to ensure an organization can continue operations during disruptions. The planning aspects of this role pair well with this course, which emphasizes risk strategy and planning. This course teaches how to develop risk strategies specific to organizational needs, and also the importance of understanding organizational influence factors. Learning different risk roles would help a continuity planner be able to work with different partners across an organization. This course may be useful for someone seeking to work in business continuity, as it provides an overview of risk management, including techniques and approaches to setting risk thresholds and triggers.

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Information Security Analyst

An Information Security Analyst protects an organization's data and systems against threats, which includes planning strategies to mitigate risks. This course may be useful for an individual in this career as it teaches how to develop effective risk strategies and plans. The course emphasizes the significance of understanding risk roles and the influence of organizational factors on risk, which is relevant for anyone in a security role. This course would also help information security analysts to navigate the risk management lifecycle, and to analyze risk using techniques and tools.

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Financial Analyst

A Financial Analyst examines financial data to provide insights and recommendations. Understanding the risks associated with financial decisions, such as those relating to investments, is essential. This course helps a financial analyst understand these risks by teaching risk strategy and planning. This course helps individuals to better understand and manage risk roles and analyze the impact of organizational factors on risk. This course may be useful as it helps in setting up effective risk thresholds and preparing triggers, which would be especially pertinent to a financial analyst.

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Quality Assurance Specialist

A Quality Assurance Specialist ensures that products or services meet certain standards, which includes considering the risks that could impact quality. This course may be useful for someone in a quality assurance role because it will teach them how to develop risk strategies and plans, and it analyzes how organizational factors and project approaches may influence risk. A quality assurance specialist can use the risk management frameworks presented in the course to understand the risks that could impact the quality of their projects.

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Supply Chain Analyst

A Supply Chain Analyst optimizes an organization's supply chain, and manages risks associated with it. This course may be useful for a supply chain analyst because it teaches how to develop risk strategies and plans, and it also helps one understand how organizational factors influence risk. This course covers how to engage stakeholders in risk management, and allows learners to practice implementing risk registers. A supply chain analyst will be able to use this to better understand how to navigate the risk management lifecycle.

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Risk Strategy and Planning

What's inside

Syllabus

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Risk strategy for pmi-rmp prep

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