Risk is a universal concept which spans across all industries.
Risk is an integral part of project management at a holistic level. Projects inherently involve uncertainties and risks and organizations need to assess the risks and uncertainties in their external and internal environments to develop effective strategic plans that can adapt to potential challenges.
This risk management course will help project managers, risk leaders, and team members identify potential risks, develop mitigation strategies, and ensure that projects are completed successfully.
Schedule (Online via Zoom)
- PJMGT 5022: 10 sessions, 30 hours (30 PDUs)
- Dates: May 7 - July 16 (no class on July 2nd)
- Time: Tuesdays, 6:00 - 9:00 p.m.
- Cost: $895.00 ($100 early registration discount if registered by April 30)
(An additional $100 discount will be applied for students who completed the Penn State Project Management Certificate)Register for Risk Management
Receive a Digital Badge In Project Risk
A digital badge will be awarded upon completion. Badges can be digitally displayed anywhere to recognize attaining a new level of knowledge.
This program will also assist with preparing students for the Project Management Institute Certified Risk Management Professionals (PMI-RMP®).
The Pennsylvania State University is a Project Management Institute (PMI)® Authorized Training Partner (A.T.P.), who are committed to enhancing the ongoing professional development of both current and future PMI Members, PMI-certified Project Management Professionals (PMP)®, and other project management stakeholders. We also offer Project Management Supplemental topics.
This course is approved by the Project Management Institute (PMI) to receive one Professional Development Unit (PDU) for each contact hour (30 PDUs). PDUs are necessary for individuals who wish to apply to and take the Project Management Professional (PMP) Exam.
A Penn State Great Valley certificate is awarded upon completion.
Who Should Attend Risk Management
- Project Managers who need to focus on risk management for large projects, particularly in complex environments
- Risk Managers who work for corporations across industries to ensure they make smart business decisions to promote their company’s longevity
- Professionals in finance, insurance, health care, and other sectors where risk management is critical
- Project team members to help gain an understanding of the skills to develop and implement effective risk management frameworks
What are the objectives of Risk Management?
Understanding risk, risk roles, and responsibilities with additional emphasis on:
- Understanding the fundamentals: Learn the fundamental principles of risk management including key definitions, basic concepts, and the essential role that effective risk management plays in addressing uncertainties.
- Communication and Reporting: Learn effective communication strategies for conveying risk information to stakeholders. This involves creating clear and concise reports, presenting risk assessments, continuous monitoring, and facilitating discussions on risk management strategies.
- Integration with Project Management Processes: Understand how risk management integrates with other project management processes, including planning, execution, controlling, and monitoring.
- Risk Identification: Learn techniques for systematically identifying potential risks associated with a project. This involves understanding internal and external factors that could impact project objectives.
- Stakeholder Management: Interpreting the need to have stakeholders and project team members understand risk impacts.
- Change Management: Mitigate adoption risks by creating a structured approach to transitioning individuals and teams from a current state to a desired future state.
- Compliance: Ensure that risk management practices align with relevant laws, regulations, and industry standards.
- Culture: Developing a risk-aware culture within the organization to ensure that everyone understands and actively participates in managing risks as well as leadership’s role in fostering it. Encouraging open communication about risks and fostering a proactive approach to risk management.
- Continuous Improvement: Developing a continuous improvement mindset to implement the application of lessons learned to further ensure the success of future projects.
Continuing Education Units
Continuing Education Units (CEUs) are awarded based on a standard of one unit per ten (10) hours of classroom contact.
Customized Programs
Companies and organizations can have this program conducted at Penn State Great Valley or Penn State Scranton. Program content can be customized to meet the needs of the company. Call 570-963-2600 for information.
Note: The University reserves the right to cancel courses due to insufficient enrollment or other unforeseen circumstances.