Project Risk Management

Can you describe Project Risk Management? Risk is inherent in the nature of a project. So, that makes project risk management a central and integral part of the Project Management toolset. Don't think of it as a simple add-on or just as another discipline. It's best to regard risk management as a thread that runs through the heart of project management. Understanding risk is one of the most critical components of world class project management today. Risk management not only ensures that project risks are identified but also delivers an effective plan to respond to, implement and monitor the project risks throughout the full life cycle. At the same time, effective risk management practices can greatly enhance your opportunities for success. By the end of this course, you will be able to systematically plan for, identify, analyze project risks and respond accordingly. You will also be able to describe the elements of a good risk framework needed to keep us and the project on track.