For more information, contact Continuing Education at 814-375-4715 or email [email protected].

Program Overview

Risk is a universal concept which spans across all industries and is an integral part of project management at a holistic level. Projects inherently involve uncertainties and risks and organizations need to assess these in their external and internal environments to develop effective strategic plans that can adapt to potential challenges. This course will help project managers, risk leaders, and team members identify potential risks, develop mitigation strategies, and ensure that projects are completed successfully.

A digital badge will be awarded upon completion. Badges can be digitally displayed anywhere to recognize attaining a new level of knowledge.

This program will also assist with preparing students for the Project Management Institute Certified Risk Management Professionals (PMI-RMP®).

The Pennsylvania State University is a Project Management Institute (PMI)® Authorized Training Partner (A.T.P.), who are committed to enhancing the ongoing professional development of both current and future PMI Members, PMI-certified Project Management Professionals (PMP)®, and other project management stakeholders. We also offer Project Management Supplemental topics.

This course is approved by the Project Management Institute (PMI) to receive one Professional Development Unit (PDU) for each contact hour (30 PDUs). PDUs are necessary for individuals who wish to apply to and take the Project Management Professional (PMP) Exam.

A  Penn State Great Valley certificate is awarded upon completion. 

Who Should Attend

This program is geared primarily towards:

  • Project managers who need to focus on risk management for large projects, particularly in complex environments
  • Risk managers who work for corporations across industries to ensure they make smart business decisions to promote their company’s longevity
  • Professionals in finance, insurance, health care, and other sectors where risk management is critical
  • Project team members to help gain an understanding of the skills to develop and implement effective risk management frameworks

Objectives

Understanding risk, risk roles, and responsibilities with additional emphasis on:

  • Understanding the fundamentals: Learn the fundamental principles of risk management including key definitions, basic concepts, and the essential role that effective risk management plays in addressing uncertainties.
  • Communication and Reporting: Learn effective communication strategies for conveying risk information to stakeholders. This involves creating clear and concise reports, presenting risk assessments, continuous monitoring, and facilitating discussions on risk management strategies.
  • Integration with Project Management Processes: Understand how risk management integrates with other project management processes, including planning, execution, controlling, and monitoring.
  • Risk Identification: Learn techniques for systematically identifying potential risks associated with a project. This involves understanding internal and external factors that could impact project objectives.
  • Stakeholder Management: Interpreting the need to have stakeholders and project team members understand risk impacts.
  • Change Management: Mitigate adoption risks by creating a structured approach to transitioning individuals and teams from a current state to a desired future state.
  • Compliance: Ensure that risk management practices align with relevant laws, regulations, and industry standards.
  • Culture: Developing a risk-aware culture within the organization to ensure that everyone understands and actively participates in managing risks as well as leadership’s role in fostering it. Encouraging open communication about risks and fostering a proactive approach to risk management.
  • Continuous Improvement: Developing a continuous improvement mindset to implement the application of lessons learned to further ensure the success of future projects.

Continuing Education Units

Continuing Education Units (CEUs) are awarded based on a standard of one unit per ten (10) hours of classroom contact.

Note: The University reserves the right to cancel courses due to insufficient enrollment or other unforeseen circumstances

 

Cancellations and refunds

Payment is due upon registration. Students may request a registration cancellation through the start date of the course. A $25 cancellation fee will apply. No refunds will be given for withdrawal requests after the course start date. The University reserves the right to cancel course selections. If the course is cancelled, the student will be issued a full refund.