PROJ 023 - Project Risk Methods and Practices
Course Description
Project risk management is vital for organizations as it proactively minimizes potential losses and ensures successful project outcomes, enhancing efficiency, stakeholder confidence and overall resilience. Are you ready to hone your professional project risk management skills and apply them to your current or future projects?
This 14-hour project risk management course is based on the latest Project Management Institute’s (PMI’s) A Guide to the Project Management Body of Knowledge (PMBOK® Guide) and The Standard for Risk Management in Portfolios, Programs and Projects. The course focuses on advanced concepts and special techniques for effective project risk management. You’ll start by exploring vital concepts and success factors of risk management and learning how to create a tailored risk management plan. Then, you’ll investigate a variety of methods to help you identify specific project risks, prioritize them and quantify the potential outcomes and impacts of significant risks. Finally, you'll learn how to plan and implement appropriate risk responses in a controlled way to ensure the successful achievement of your project’s objectives.
Register for our online asynchronous format if you need a more flexible, independent approach to learning. Register for our in-person, classroom-based or virtual options if you prefer learning in a social setting. Regardless of format, you'll get access to engaging online content and assessments and tap into the expert guidance of our industry-trained instructor who will ensure you get the most from this applied learning experience. This course is part of the Project Management Certificate of Completion.
Note: Registration for this course closes two days before the course start date.
This course is ideal if you:
- are preparing for project management roles or enhancing skills to align with PMI’s standards and best practices
- are responsible for projects and want to implement effective risk management practices
- are pursuing PMI Certified Associate in Project Management (CAPM)® or Project Management Professional (PMP)® certification.
"PMI", "PMBOK", "CAPM", "PMP" are registered trademarks of the Project Management Institute, Inc.
Learning Outcomes
Upon successful completion of this course, you’ll be able to:
- create a tailored, project risk management plan that covers all relevant organizational parameters and sources of uncertainty
- develop a comprehensive list of project risks using a variety of different threat identification methods
- analyze risks for a case-study project using best practice qualitative and quantitative methods to prioritize the risks, support decision-making and estimate financial impact
- plan appropriate risk responses based on recognized threat and opportunity management strategies
- control project risks throughout the project lifecycle in collaboration with the team and project stakeholders.
You’ll demonstrate your skill and knowledge acquisition through four assignments. All coursework must be completed as per the course schedule and no later than the course end date.
Earn a SAIT micro-credential
This course qualifies for the SAITMicro badge. Students who successfully complete this course with a final grade of A- (80%) or higher will earn a micro-credential and receive a shareable digital badge. Learn more.
To request a course outline, contact ConEdAdvising@sait.ca.
Funding Opportunities
Learn more about how to pay for or reduce your education/training costs with available awards, bursaries, loan options and grants, including the Canada Alberta Job Grant.
There are no specific admission requirements (academic and/or work experience). Any industry-related experience you already have will be beneficial.
There are no prerequisites for this course.
Delivery formats: For your convenience, we offer delivery of this course in scheduled online asynchronous, virtual, or in-person classroom format. Learn more about our delivery formats.
Course completion: Upon successful completion of this non-credit course, you’ll receive an electronic copy of your official transcript. You’ll also be able to self-print a proof of completion document from your Continuing Education student account. There is also the opportunity to earn a SAITMicro digital badge, if you have met the earning criteria. Complete all courses required for the Project Management Certificate of Completion to receive your SAIT certificate credential.
This course may be used toward educational prerequisites for attaining PMI certifications or toward professional development units (PDUs) to maintain certifications. Additional education, exams and/or work experience requirements may apply.
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Applies Towards the Following Certificates
- Applied Management Certificate of Achievement : Required
- Project Management Certificate of Completion : Required Courses