Fundamentals of Risk Management

University of Management and Technology

Program Description

Fundamentals of Risk Management

University of Management and Technology

A training offering examining the theory and practice of risk management.


To introduce students to key concepts, skills and techniques needed to manage risk effectively in organizations.

PMBOK Knowledge Areas

- Integration Management
- Scope Management
- Time Management
- Cost Management
- Risk Management

Topics Covered

- Types and sources of risk
- Australia/New Zealand Standard AS/NZS 4360:1995
- Risk management process (risk identification, impact, planning, control)
- Creating and using risk checklists
- Risk impact matrix
- Statistical roots of risk management
- Modeling risk
- Monte Carlo simulations
- Use of the normal, beta and triangular distributions
- Decision trees
- Analytical hierarchy process (AHP)
- Benefit-cost analysis (reviewing trade-offs)
- Political risk
- Overview of risk mitigation strategies
- Independent verification and validation with risk assessment groups (RAGs)

Course Length

This course comes in varying lengths depending upon the needs of your organization. Project Management Professionals (PMPs) are eligible to earn Professional Development Units (PDUs) for taking this course.

Duration & Price
This course is Campus based
Start Date
Start date
Sept. 2017
2 days
Part time
Start date Sept. 2017
USA Arlington, Virginia
Application deadline Request Info
End date Request Info
Duration 2 days
Price Request Info