MSM 508 Risk Management
A risk is any event that may or may not have an adverse impact on a project. It is the inherent uncertainty that comes with risks that make them so dangerous. The importance of risk management lies in the fact that if done improperly, or not done at all, it can add unplanned costs or greatly delay a project. As a result, all project managers should know how to identify, respond to, monitor and control project risks. And with proper risk management, the value of a project can actually be increased because the impact that adverse events could have on the project are minimized. As a result, in well managed projects risk management is iterative and conducted throughout the entire project life cycle.
Prerequisite
Open to Master of Science in Management students in the Metropolitan School of Professional Studies; other students must secure department permission to enroll