PM Skills: Embracing Risk and Uncertainty

In many organizations, risk and uncertainty are seen as threats that must be planned for, controlled, and (if possible) eliminated entirely. But, are risk and uncertainty inherently bad? Couldn't they be opportunities to reimagine things and create a powerful new approach? This self-paced, fully online course will help you view risk and uncertainty as a possibility instead of a danger. You'll see uncertainty as a way to examine and improve on existing conditions, opening up new possibilities or pathways that will help you achieve your goals. And for those risks that truly are threats, you'll develop a risk mitigation approach that will help you address problems and potentially uncover skills and abilities you can transfer to other areas of work to improve outcomes and results. Learning Outcomes Define risk and uncertainty in the context of project management Embrace uncertainty and view change as an opportunity Establish a basic risk management process and describe specific risk reduction strategies Create a risk management framework to help identify, categorize, manage, and document project risks Recognize how the potential impact of risk can increase or decrease over a project's life cycle Assess and describe a stakeholder's risk appetite and/or risk tolerance Distinguish between positive and negative risks and employ strategies for handling each type Apply adaptive risk management decision-making strategies Describe the importance of contingency plans and determine potential fallback strategies