Risk Management Best Practice


By Hani Hmedeh

All successful organisations take risks in order to survive and grow, and now more than ever, they need competent people to manage those risks. This course will help you manage project risk effectively by identifying, analyzing, and communicating inevitable changes to project scope and objectives. You will understand and practice the elements needed to measure and report on project scope, schedule, and cost performance. You will be equipped with the tools to manage change in the least disruptive way possible for your team and other project stakeholders. 

You’ll also get an introduction into preparing for and taking the risk management examination, focused on five key domains: risk strategy and planning, stakeholder engagement, risk process facilitation, risk monitoring and reporting, and performing specialized risk activities.

The course will also be of interest to small business owners who wish to learn more about mitigating the risks that they face on a daily basis.

Project Objectives

  • Define components of a communications management plan 
  • Understand the importance of communications channels 
  • Define the key elements needed to measure and report on project scope, schedule, and cost performance
  • Identify project risk events
  • Prioritize identified risks
  • Develop responses for a high priority risk
  • Identify and analyze changes to project scope
  • Describe causes and effects of project changes
  • Define the purpose of conducting a lessons learned session

By Hani Hmedeh