Defining and Identifying Project Risk (2021 Update)

Managing risks means preparing ahead of time for all the things that could happen, good or bad. If you're responsible for project management, it's necessary to identify risks so that you can make a plan to deal with them. Project risk management improves the chance of project success enormously.

In this course, you'll explore risk identification, including its attendant threats and opportunities and its probability and impact. You'll learn about establishing a risk threshold and risk tolerance based upon project assumptions and constraints. You'll also learn the value of root cause analysis and SWOT analysis when defining your project's risk appetite.