Course Description: In the course, it will be demonstrated that unlike issues, which are certain to happen, Risks are events that could occur, and you may not be able to tell when. Students will become familiar with knowledge that a Risk is any Unexpected Event that might affect the people, processes, technology, resources and results - outcomes of the project involved in a Project. Project Risk Management remains a relatively undeveloped discipline, distinct from the Risk Management used by Operational, Financial and Underwriters' Risk Management in Business. If Risk Management is set up as a continuous, disciplined process of problem identification and resolution, then the system easily supplement other systems.
Course Objectives: Students will acquire knowledge about the Risk Management tools and a General Project Risk Management process.
Learning Outcomes: By the end of the course, students will have the knowledge what might happen to affect any project process, outcome or management and would be able to prepare for Risk Response(s).