This course was designed as a supplemental study guide for the major content areas of Chapter 11 of A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Sixth Edition. In this course, you will define the core elements of risk management, including the risk register and risk report. You will also understand how different types of risks are identified, analyzed, prioritized, tracked, and quantified in order to complete project activities on budget and on schedule.
This course aligns with the PMBOK® Guide Sixth Edition. (The PMBOK® Guide is not included in the cost of this course and must be purchased separately.)
Taking advantage of online interactivity, the course contains a vocabulary game, flashcards, and other activities to help you master the material.
Upon successful completion of this course, participants will be able to:
- Define risk and explain how it can impact a project
- Identify the components of the risk management plan, risk register, and risk report and their relationship to the project management plan
- Describe the techniques involved in risk identification and analysis
- Explain how the probability and impact of risk can be assessed and how risk events can be prioritized
- Recognize the difference between qualitative risk analysis and quantitative risk analysis and explain when either or both should be used
- Recognize the difference between individual project risks and overall project risks and describe how to respond to each
- Describe how to make project decisions when outcomes are complex and are affected by uncertainty
- Explain how risk planning, risk analysis, risk response planning, and risk monitoring and controlling are related
- Employ various strategies to respond to positive and negative risks
- Explain the Monitor Risks process and recognize that risks must be monitored throughout the project life cycle
p>This course is targeted to individuals who meet or exceed the following professional demographics:
Mid-level public procurement and central warehouse professionals who serve as senior buyers, managers, directors, or equivalent functions within their respective entities.
Non-procurement managers and supervisors who either provide procurement functions that support entity programs under delegated authority, or who already have a good understanding of basic procurement principles but wish to get more in-depth, hands-on training.
Professionals who are employed by local governing entities and special authorities (such as K-12 and higher education, publicly owned utilities, transportation providers, and other publicly funded or created entities) who either serve within or manage the procurement function.
Supplier managers and supervisors seeking to understand the public procurement function from a more in-depth holistic level, including the policies, standards, and procedures by which public entities must function.