Project Risk Analysis & Management

  • Graduate School of Business |

Description

This course addresses the processes and activities required to determine quality policies, objectives, and responsibilities. It implements the quality management system in the project environment through policy and procedures, with continuous process improvement activities conducted throughout the project, as appropriate. The essential two parts to manage the project communications are covered as well. The first part includes developing a strategy to ensure communication is effective for stakeholders. The second part is carrying out the activities necessary to implement the communication strategy. The course, also, will cover the planning of the risk management, identify risks, perform a qualitative risk analysis, perform quantitative risk analysis, plan risk responses, implement risk responses, and control and monitor risks.

Program

MBA

Objectives

  • Students will reliably demonstrate the ability to: • Describe the theory and practice of both project risk and quality management. • Manage the project communications. • Identify and quantify risks, as well as create effective risk response strategies to deliver projects that meet stakeholder expectations. • Plan quality management, perform quality assurance, and control quality. • Plan risk management and identify risks. • Perform qualitative and quantitative risk analysis. • Plan risk Responses.

Textbook

• Project Management Body of Knowledge (PMBOK), Project Management Institute (PMI). • Project Management Professional (PMP) McGraw Hill E-Book. • Callahan, Stets and Brooks, Project Management Accounting: Budgeting, Tracking and Reporting Costs and Profitability, Wiley, 2007. • Pinto, Project Management: Achieving Competitive Advantage, Prentice Hall, 2007.

Course Content

content serial Description
1Project quality management&Plan and perform quality assurance
2Control Quality&Project Excellence and Excellence awards
3Project communications management that includes communication technology, communication methods, communication skills, project management information system (PMIS), project reporting&Project risk management
4Plan and identify risks& Perform qualitative and quantitative risk analysis
5Plan, implement, and control risk responses

Markets and Career

  • Generation, transmission, distribution and utilization of electrical power for public and private sectors to secure both continuous and emergency demands.
  • Electrical power feeding for civil and military marine and aviation utilities.
  • Electrical works in construction engineering.

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