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Course Description

Risk management is a key function in project management. Project managers should be able to apply a variety of risk-management tools in their work, including performing risk identification, quantification, response, monitoring, and control.

In this course from Professor and Director of Civil and Environmental Engineering Linda K. Nozick, you will examine the nature and types of project risk and learn to apply specific mitigation strategies.

You’ll have an opportunity to analyze a past project you’ve worked on and assess what the risks might have been and why. Then you’ll analyze the outcomes: Did the known risks come to fruition? What were the leading indicators? What could they have done for contingency planning at the beginning? By asking these questions, you’ll then be able to perform several calculations to compute the probability that a project will finish on time.

You are required to have completed the following courses or have equivalent experience before taking this course:

  • Organizing the Project and Its Components
  • Planning and Managing Resources

Faculty Author

Linda Nozick

Benefits to the Learner

  • Define project risks and the iterative process for the identification of evolving risks
  • Employ practical tools to assess the likelihood and probable consequences of risks
  • Evaluate possible responses and mitigations
  • Apply strategies to mitigate risk

Target Audience

  • Project managers seeking to strengthen their project leadership skills or prepare for the PMP® certification exam.
  • Program managers, project coordinators, and PMO professionals responsible for planning, executing, and delivering successful projects.
  • Functional managers and team leaders who oversee cross-functional initiatives, strategic projects, or organizational change.
  • Engineers, IT professionals, operations managers, product managers, and business analysts who lead projects as part of their role.
  • Consultants and client-facing professionals responsible for managing project scope, timelines, budgets, and stakeholder expectations.
  • Professionals preparing to transition into project management or take on greater project leadership responsibilities.

Accrediting Associations

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Cornell Duffield College of Engineering
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