Risk Management

Risks affect an organization if it is negative and can also improves an organization if it is positive. The conclusion is that risk can be good or bad depending on the situation and process. It can occur in various places like financial markets credit risk legal risks or project failure risk in project management.

Generally there are two types of risks. First is the negative risk which brings only failure and second is the positive risk which brings opportunities to do something different. In project management field you can go through different types of risks at different phases. Risk management is a contiguous process as it never ends. Risk management must be done at very early phase of project management otherwise it can create lot of problems in the further project management phases.

The purpose of risk management is to:

• Identify the risk
• Allocate or reduce it
• Plan to overcome risk

Principles of Risk Management:

• Should be systematic and structured
• Should create value
• Should be based on the best available information
• Should be an integral part of an organization
• Should be tailored to the project
• Should be dynamic

Anyone interested to learn.

Secondary degree - high school diploma associates degree or the global equivalent. 4500 hours of project risk management experience. 40 hours of project risk management education. Or Four-year degree bachelors degree or the global equivalent. 3000 hours of project risk management experience 30 hours of project risk management education.

Certificate

Every organization needs risk management strategies that keep them away from various risk assets. It is the process of identifying the risk evaluating risk and applying efforts to reduce and overcome it. Depending on organization risk can be of different types. Risk Management is used to identify and avoid the technical risks to a system. It is very useful for an organization to identify the risks and for this they need to be knowledgeable enough. Risk Management training trains you on different ways of handling and managing risk. Risk can occur at any time during the execution of project and it can be of any kind.

Sprintzeal brings together solutions to help companies adopt, transform and scale their business with Project Management, Quality Management, IT Service Management, Financial Modelling and Agile Development methodologies. We focus on the alignment of People, Processes and Technology as a core to build and optimize a lasting framework to grow businesses with speed and quality. Our business skills solutions teach essential communications skills, leadership development, business analysis, project management, IT service management and process improvement.