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DYNM 605: Managing Project Risk

Program Information

This is a graduate course that satisfies the following requirements:

Categories: DE, A
Concentrations: PR, P3, ODHS
   
Faculty: Keith Hornbacher, MBA

Session Information

This course starts on 01/23/2010 during the Spring 2010 Semester.

Meeting Day(s): Saturday
Meeting Time(s): 8:30 AM - 12:30 PM

Meeting Notes

DYNM 605 will meet on the following special schedule:**

  • Saturday, January 23
  • Saturday, February 6
  • Saturday, February 20
  • Saturday, March 6
  • Saturday, March 20
  • Saturday, March 27
  • Saturday, April 10
  • Saturday, April 24

**Additional 4 hours is interaction online and by phone to work with participants on their assigned case work and class projects.

Course Information

The information on this page is intended only to provide, as is available, a summary of the course objectives, requirements, and readings. A full course syllabus will be given out in class.

Description

This seminar will focus on the six stages of project risk management articulated in the best practices standard developed by the Project Management Institute. These include: (1) Risk Management Planning; (2) Risk Identification; (3) Qualitative Risk Analysis; (4) Quantitative Risk Analysis; (5) Risk Response Planning and (6) Risk Monitoring and Control.Although the management processes involved in some stages may appear easy to understand, their implementation always requires appreciation and commitment to the costs and the complexities of risk management by the leadership of the organization.

Requirements

Class participants will be asked to find past or current projects in their own organizations that could have or currently can benefit from early identification of risk. Students will work in teams to identify the benefits of, and, more importantly, the challenges and barriers to, establishing risk management processes in their enterprises.

Grading for the course is based on:

  • Individual deliverables (30%)
  • Group deliverables (50%)
  • Participation in class discussions (20%)

Readings

Readings will be assigned from:

  • Hillson, Effective Opportunity Management for Projects - Exploiting Positive Risk

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