SSUD12-117: Project Risk Management

Strategic decision-making within a projectised organisation is driven by an analysis of stakeholder objectives, open communication, and risk appetite. This subject explores the entire process of risk management, from the initiation phase to the closure phase, with a focus on identifying, analysing, and mitigating risks to ensure successful project outcomes and the delivery of value to stakeholders. Topics covered include types of risks, qualitative and quantitative risk assessment, risk treatment strategies, Monte Carlo simulation, disaster recovery, and value delivery through risk management. This subject will also cover risk response planning, uncertainty management, contingency planning, risk monitoring and control, and integrated risk management. Emphasis will be placed on aligning risk management strategies with project objectives, maintaining resilience throughout the project, and optimising value delivery even in the face of unforeseen challenges. Successful outcomes are achieved when risks are effectively managed, and project goals are realised while maximising stakeholder value.