Course Description
Effective project management requires the ability to anticipate, assess, and respond to risk before it derails outcomes. This course introduces the principles and practices of project risk management, including structured identification, qualitative and quantitative analysis, response planning, and ongoing monitoring. You will develop practical skills for integrating risk thinking into project planning and execution across varied organizational settings.
Course Objectives
By the end of this course, you will be able to:
- Identify and categorize project risks using standard risk frameworks and structured identification techniques.
- Apply qualitative and quantitative risk analysis methods to assess probability, impact, and risk priority.
- Develop risk response strategies, including avoidance, transfer, mitigation, and acceptance, aligned to project goals and stakeholder expectations.
- Integrate risk management planning and monitoring into broader project management processes.
- Produce a project risk management plan that demonstrates systematic identification, analysis, response planning, and monitoring for a defined project.
Outcome Proficiency Groups
MBA 510 helps you grow in three of the five MyMBA program outcomes:
Strategic Thinking & Decision Making
Choose and integrate risk responses that keep projects aligned with their goals.
Analytics & Critical Thinking
Use qualitative and quantitative methods to assess risk probability, impact, and priority.
Communication & Influence
Communicate risk exposure and the decisions it calls for in sponsor-ready terms.
Where This Course Leads
The skills you build here carry forward to the MBA Capstone, where you bring all five outcome proficiency groups together to tackle a contemporary business challenge.
