MCCCD Program Description

Project Risk Management

Course: MGT244AA

First Term: 2007 Fall

Lecture 1 Credit(s) 1 Period(s) 1 Load
Subject Type: Occupational
Load Formula: S

Description: Risk management and quality management in a project environment, including risk identification, risk aversion, and risk response planning. Presents techniques to perform risk analysis and risk response planning on projects

MCCCD Official Course Competencies
1. Identify internal and external risk factors that can impact project performance. (I) 2. Contrast business risk versus insurable risk and cite examples. (II) 3. Develop a sample risk management plan. (III) 4. Evaluate risk versus uncertainty, and quantify a risk based on expected monetary value calculations. (III, IV) 5. Perform simple decision tree problems. (III, IV) 6. Identify various risk models and their applicability to project management. (V) 7. Perform a simple Monte Carlo Simulation problem. (V) 8. List and define risk response planning techniques. (VI) 9. Describe risk warranties, guarantees, insurance and contracts. (VI) 10. List and define risk monitoring and control techniques. (VII) 11. Cite various Risk Software Applications. (VII)

MCCCD Official Course Outline
I. Project Risks A. Risk factors B. Types of risk and examples C. Nature of projects and risk II. Risk Management Process A. Risk management planning B. Risk identification C. Risk qualitative analysis D. Risk quantitative analysis E. Risk response planning F. Risk monitoring and control III. Risk Management Planning A. Risk Identification B. Documentation reviews C. Information gathering techniques D. Checklists E. Assumptions analysis F. Diagramming techniques IV. Risk Qualitative Analysis A. Risk probability and impact B. Project assumptions testing C. Data precision ranking V. Risk Quantitative Analysis A. Interviewing B. Sensitivity analysis C. Decision tree analysis D. Simulation VI. Risk Response Planning A. Avoidance B. Transference C. Mitigation D. Acceptance VII. Risk Monitoring and Control A. Risk audits and reviews B. Technical performance measurement C. Additional risk response planning D. Overview of Risk Software Applications

MCCCD Governing Board Approval Date: 6/26/2007

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.