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Project Risk Management

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Overview / Abstract:

Risks must be considered in all engineering projects. This course examines both the positive and negative sides of risk management.

This course assists the engineer in dealing with risk by helping the engineer to identify risks; quantify, prioritize and develop responses to risk; outlining of methods for setting up contingencies; handling risk during the project, and closing a risk.

Merriam-Webster defines risk as “the possibility that something bad or unpleasant (such as an injury or loss) will happen; someone or something that may cause something bad or unpleasant to happen; a person or thing that someone judges to be a good or bad choice for insurance, a loan, etc.”

Projects are inherently risky: the project may involve a potentially unsafe working environment, there may be new technology or design standards involved, the project may be a target for protests or terrorism, or the ever-popular scope creep.

But risks can also be positive. There may be opportunities for a company to get into a new market, enhance their profit, or enhance their profit. In this course, we will examine both the positive and negative sides of risk management (RM).

Expiration

Mar 01, 2026

Discipline(s)

Architecture , Civil Engineering , Electrical Engineering , Electrician , Mechanical Engineering

Format

Online

Cost

74.95

Credits / Hours

4PDH

Keywords / Search Terms

PDH Now engineering,engineer,pdh,risk management,risk,project management,risk assessment,rm

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