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Managing project risks: safely | Free Udemy Course
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Managing project risks: safely | Free Udemy Course

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Risk at 360 degrees - Free Course | Free Udemy Course

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Course Language EnglishCourse Caption English [Auto]Course Length 56:19 to be exact 3379 seconds!Number of Lectures 11
This course includes:
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Risks are there at all levels. Project risks gets a particular focus here.Understanding the related terms like issue and problem helps to focus on better risk managementA. Lot of importance is given to prepare for risk management:1. Identify risks sources related to requirements, design, product, services, government norms and so on2. Setup guidelines and ratings for evaluating risks3. Formulate strategies (macro pointers) to manage risksB. With this strong preparation, we can easily identify risks and also write them as formal risk statementsC. When more number of risks are identified, prioritization is required by evaluating ratings for each of the risk related to probability of occurrence and impact. Calculate RPN - Risk Priority Number and arrange the risks in the descending order of RPND. As per the prioritized risks, risks are mitigated using various risk strategies at macro level and action plans at micro levelE. Risk management is sustained using:a. Tracking of risks at project, program and org levelb. at established frequency for trackingc. with ownership, date of completion and status assigned to each of the riskd. after the action plan is implemented, the risk is re-evaluated and prioritized againe. this practice makes it a dynamic risk managementf. some of the risks need contingency plans alsog. few risks can be mitigated straight away. Brainstorming and Decision Analysis and Resolution (DAR) have to be used for finding the root cause of the risk occurrence and come up with solutions / action plansWho this course is for:Supervisors, Project managers, Requirements engineers, Design engineers, Team leaders, Technical Leaders

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5 Lectures | 24:51
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