Course Description for Risk Management

This course will give you an understanding of Risk Management and how to manage a risk analysis to completion. There are functions for approving risk analyses and activities for follow-up information, such as risk cost exposure tracking.

 

This course includes information on the following processes:

Introduction

Basic Data and Requirements

Initiate and Develop Risk Analysis

Mitigate and Review Risk

Course Length

The estimated time to complete this course is 3 hours.

Target Audience

This course was designed primarily for persons working within a project-intensive business including project managers, project coordinators or project members.

Introduction

This chapter gives you an overview of the risk management process. You will be able to appreciate the sub processes that comprise the risk management process.

Prerequisites

There are no prerequisites to take the lessons in this chapter.

Chapter Length

The estimated time to complete this chapter is 0.25 hours.

Target Audience

This chapter was designed for anyone interested in an overview of the risk management process.

Basic Data and Requirements

This chapter covers the basic data that is used in IFS/Risk Management.

Prerequisites

Before taking the lessons in this chapter, you should have basic knowledge of IFS Applications.

Chapter Length

The estimated time to complete this chapter is 0.5 hours.

Target Audience

This chapter was designed primarily for project managers and project members.

Initiate and Develop Risk Analysis

This chapter covers how to create a risk analysis, associate it with potential problems and consequences and connect it to parallel business objects in IFS Applications. It also describes how to copy the risk analysis.

Prerequisites

Before taking the lessons in this chapter, you should have basic knowledge of IFS Applications.

Chapter Length

The estimated time to complete this chapter is 1 hour.

Target Audience

This chapter was designed primarily for project managers and project coordinators.

Mitigate and Review Risk

This chapter covers how to follow up on risks analyses by changing the status of the mitigating actions and tracking the risk cost exposure. This chapter also covers how to approve your risk analysis and work through the different risk analysis states.

Prerequisites

Before taking the lessons in this chapter, you should have basic knowledge of IFS Applications.

Chapter Length

The estimated time to complete this chapter is 1.25 hours

Target Audience

This chapter was designed primarily for project managers and project members.