project execution and control patA&B

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MODULE 4MODULE 4

Risk and Communication Management

Introduction

Project Management Videos (2014). What Is Risk Management In Projects? (Streaming

video). Retrieved from https://www.youtube.com/watch?v=x7A9idByPA4

Every project has risks. Risks have the potential to adversely affect the delivery of

projects. The effective management of risks addresses uncertainty in project estimates

and assumptions. In fact, project risk management adds value to the output of other

management processes when the perspective of risk is taken into account. Planning for

risk management involves determining how to approach, plan and execute the various

activities required for managing project risks. Because new risks may be introduced at

any point in the project management life cycle, risk management is a continuous

process. It begins at the project-planning phase and continues throughout the project-

execution phase.

International Institute for Learning (IIL) (2015). PMP Course Preview: Project

Communications Management (Streaming video). Retrieved from

https://www.youtube.com/watch?v=8dJ5yRcrLGY

This module will cover:

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The processes required for effective project risk management.

Tools and techniques for qualitative and quantitative risk analysis.

The planning, management and control of project communications, also in IT

projects.

This module will help you:

Identify and critically analyse project risk and develop strategies to manage those

risks in a variety of projects, including IT projects.

Explain the importance of efficient and effective communications management in

project success.

Identify and describe the communication process to inform stakeholders of the

project’s risks and activities to manage those risks.