ASU Continuing and Professional Education is an educational provider for the Project Management Institute.

This course is available to ASU Alumni at a discount.

What you'll learn:

Many projects face a degree of uncertainty, and great project managers know how to manage risk in order to keep the project on track to meet its goal. In the Managing Risk course, you’ll discover that the risk management process involves identifying, assessing, and responding to project risks, in order to minimize the likelihood of occurrence and/or potential impact of adverse events on the accomplishment of the project objective. The risk management process is an inherent part of every project, and should be strategized to avoid any setbacks.

Concepts in this course support the following Project Management Knowledge Areas of the PMI Guide to the Project Management Body of Knowledge (PMBOK® Guide):

Project Risk Management

This course is based on the PMBOK 6th edition, and may not fully prepare learners for the revised PMP exam. However, this course still qualifies for PDU's for any existing PMP to maintain their PMI certification.

Module and Content:

Throughout the course, students will apply what they are learning to problems and activities presented in a real-world case, culminating in a Capstone video and assessment. Students will also view a video that focuses on how to plot and manage project risks.

* If students would like to complete the steps as outlined in the tutorials, they will need Microsoft Project 2016 and the accompanying file(s) from the course to practice the processes shown in the videos.

Learning Objectives:

• Learning the basics of the risk management process.
• Identify risk, particularly in terms of a project.
• Assess risk, in respects to the likelihood of a given risk and its potential impact on the success of a project.
• Plan risk responses to reduce or prevent risks to a project.
• Monitor risks--whether they were originally identified in the project plan or arose unexpectedly.