IT Project Management Essentials: Managing Risks in an IT Project

Course details

• IT project managers deal with risks every day, including potential cost overruns, schedule delays, design constraints, hardware defects, and software bugs. Without a plan or process in place to address the possibility of unpredictable and unwanted loss during a project, managers may be dealing with risks reactively, rather than proactively. Potential trouble areas need to be identified early and dealt with quickly and appropriately so a project doesn't go over budget, miss deadlines, or negatively affect an organization's reputation. IT project managers can plan effectively for handling the possibility of negative outcomes by following a risk management process. Such a process can help them monitor and control risks throughout a project's life cycle. This course describes the steps in a risk management process for IT projects from identifying the risks and documenting them, to analyzing and developing appropriate and effective responses.
• match common sources of risks in an IT project to their examples
• match tools for identifying risks in an IT project to their descriptions
• identify effective risk statements for a given IT project
• recognize how to analyze risks in an IT project
• match risk response strategies for an IT project to examples that illustrate them