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Course Description

As individuals, we deal with personal risks every day, and we make decisions on a regular basis to try to manage those risks. Every time you get into a car there's a possibility you'll get into an accident. We try to mitigate the consequences should an accident occur; we wear seat belts, we make sure children are properly restrained in the back seat. We pay money for auto insurance to enjoy the ability to transfer the implications of the financial risk of an accident from us to our insurance carrier. When we think about our retirement accounts, we decide where to invest our money. We generally don't keep it in cash under our mattress; we put it in a financial instrument of some sort. And that financial instrument carries the promise of a positive return and the risk of a negative return, or a loss. In this lesson, you will examine the nature of risks and consequences in the specific context of project management. You will examine the strategies that project managers use to assess and predict risks, and the ways that you can begin to both think about risk and try to put precautions and mitigations in place. You will also consider attitudes towards risk and use a helpful stoplight chart to assess, in qualitative terms, the probabilities and consequences of potential threats.

Benefits to the Learner

  • Examine the nature of risk and consequences in the context of project management
  • Explore strategies for assessing, predicting, and mitigating risks
  • Access helpful tools to identify and discuss risks in terms of consequences and probability
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Type
self-paced (non-instructor led)
Dates
Jan 22, 2019 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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