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This course will cover project risk management, i.e., the process of measuring or assessing risk in projects and then developing strategies to manage the risk. The topics covered will include: Risk Management Planning, Risk Identification, Quantitative Risk Analysis, Qualitative Risk Analysis, Risk Response Planning, and Risk Monitoring and Control will be covered in detail. Students will learn how to apply and use the tools and techniques needed to perform these project management tasks. A collection of readings on risk management from the empirical literature coupled with risk management standards from organizations such as IEEE and the Project Management Institute (PMI) will be used to provide the student with an excellent foundation in risk management and control.

Prerequisite(s): ISQA 8810 or permission of instructor.