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Responding to Project Risk
Learn how to prioritize tasks and reduce negative project risk impact.Preview the first lesson free — get full access to all 6 lessons.
Intermediate Provider : Nick Ankrom 6 Lessons · 18m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
These lessons provide instruction on prioritizing risks and identifying a risk trigger. You’ll learn when to implement risk response strategies, and the process of developing a risk response plan. These lessons share ways to strategize for the most challenging project risk situations, and steps you can take in such circumstances. With these lessons you’ll understand techniques like transferring risk and mitigating risk to reduce its impact on a project. You’ll discover the impact of various risk responses, and how to decide which risk response would be best in different situations.
What You'll Learn
- Understand risk life cycles and how risks progress within a project
- Identify risk triggers and address risks before they impact the project
- Apply effective risk response strategies, including transferring and mitigating risk
- Develop a risk response plan and know when to implement it
- Respond to both negative and positive project risk
- Evaluate the impact of various risk responses and choose the best one for each situation
Key Takeaways
- The course covers prioritizing risks and identifying a risk trigger so responses can be timed appropriately.
- Learners study when to implement risk response strategies and the process of developing a risk response plan.
- Techniques such as transferring risk and mitigating risk are presented as ways to reduce a risk's impact on a project.
- The lessons address the most challenging project risk situations and the steps that can be taken in such circumstances.
- Different risk responses have different impacts, and the course shows how to decide which response is best in a given situation.
Frequently Asked Questions
What does this course cover?
It provides instruction on prioritizing risks, identifying a risk trigger, knowing when to implement risk response strategies, and developing a risk response plan. It also covers responding to both negative and positive project risk and techniques like transferring and mitigating risk to reduce impact.
What will I learn about responding to risk?
You will learn to understand risk life cycles, utilize effective risk responses, address risks and risk triggers, and apply techniques to reduce risk impact. You will also discover the impact of various risk responses and how to decide which would be best in different situations.
What lessons are included in this course?
The lessons are Project Response Strategies, Responding to Negative Project Risk, Responding to Positive Project Risk, Implementing Project Risk Responses, Understanding Risk Triggers, and a Test Your Knowledge assessment.
Does the course address difficult risk situations?
Yes. The lessons share ways to strategize for the most challenging project risk situations and the steps you can take in such circumstances.
Professional Certifications and Continuing Education Units (CEUs)
Project Management Institute (PMI®)
Professional Development Units (PDUs): 0.5
KnowledgeCity has been reviewed and approved by the PMI® Authorized Training Partner Program. Users can maintain your PMI credentials by earning PDUs from KnowledgeCity qualified courses in Project Management, Business Management, Leadership and many others.
