This module define what project risk is. It enables students to think in terms of sources and types of risk and what impact they may have on the outcome of the project. It also enables students to develop a mind-set of how to prevent risks by effective front-loaded mitigating actions.
- Objectives/Key learning points
- Understand sources of risk in a project environment
- Understand lenses for risk identification
- Understand risk classification according to impact/likelihood of happening
- Understand the key mitigation strategies
- Understand how to use risks to drive improvement of the project plan
- Understand how to document risks using risk/action template; understand that the template drives certain mind-set and behaviour
- Teaching methodology
- Theoretical introduction to Risk Management concepts followed by the project Risk Action list exercise – this can be well combined with the Project Plan training (E.2.15).
- Implementation Methodology
- Support with development of the Risk Management capability in a real project