Risk management is a process used for the identification, assessment and analysis of potential risks to an organization or project. This process enables you to develop the most appropriate risk response.

About the course

Through the Risk Management for Projects course, you will learn the fundamentals of risk management, as well as how to apply a risk management process in a project-based setting. Risk management is an iterative process and you will learn how adopting key procedures can help you maximize opportunities and minimize negative impact on your project objectives.

You will further upskill through the application of the risk management canvas, which is a framework that enables you to manage risk within your own environment. It will immerse you in the concepts of risk management and help you to apply the key processes.

Practical activities through the course will allow you to apply the knowledge you learn as each week focuses on a key stage of the risk management process. The theories and practices taught in the course can easily be applied to any project, organization or business environment.

The course is brought to you by the same team that developed the highly successful Introduction to Project Management MOOC, and builds on risk management for projects introduced in that course.

Participating in this course will ensure that you gain the know-how to reduce your project and organizational risk in the future.

What you will learn

By the end of this course, you will have knowledge about:

  • How the risk management process works as part of a compliance framework;
  • How to use frameworks to identify, assess and analyse risks in a business context;
  • The application of appropriate risk responses;
  • Design and integration strategies for reporting and communicating risks to various stakeholders;
  • The use of a monitor and review process, and application of risk management as an iterative process.

About the instructors

Frank Schultmann is currently Professor of Complex Project Management and serves as Director of Project Management for the University of Adelaide. In addition, he also holds a Professorship of Business Administration at the Karlsruhe Institute of Technology (KIT). His research interests include sustainable production and logistics, decision support, supply chain management and optimization, systems modelling, project management, technology assessment, construction management, and information and communication technologies.

Noel Lindsay is the Director of the Entrepreneurship, Commercialisation and Innovation Centre (ECIC) and the Academic Director, Singapore Operations, the University of Adelaide, where he is the Professor of Entrepreneurship and Commercialisation. His research embraces both business and social entrepreneurship. His practitioner-oriented entrepreneurial experience includes co-founding, growing, and harvesting ventures in Australia, South Africa, and Malaysia and he has been a Director of a Sydney-based venture capital fund.

Anton Jordaan is CEO of the Australian Skills Development Institute and adjunct teaching faculty at The University of Adelaide’s Entrepreneurship Centre for Innovation and Commercialisation (ECIC), and Adjunct Associate Professor in the Project Management Academy at QUT in Brisbane. He holds an undergraduate degree in Accounting, and postgraduate degrees in Accounting, Business Administration, Advanced Business Practice, and a PhD.  He has extensive experience in strategic management, leadership, business development and finance roles, having worked in the public sector, corporate, and entrepreneurial environments - including serving as a director of a stock exchange listed company. Anton is also a member of CPA Australia.

John Sing is currently a Company Director and Business Consultant in the areas of project and risk management. After a period of time as a full-time academic, both researching and teaching in the domains of business, finance, project and risk management, John is now involved in consulting and capability building for both public and private sector organizations which are actively seeking to improve on their project management and corporate governance arrangements.

Stella Bachtis is an education design specialist at the Australian Skills Development Institute. Her area of interest is enhancing critical and creative thinking in organizations, and she is currently completing her doctorate in teaching critical and creative thinking skills to educators.

Stella has an interest in learning design in face-to-face, online and blended learning environments. Through her understanding of learning design and personal creativity she has the ability to simplify content that students often find complex and difficult to engage with.

Duration: 5 weeks, 2-3 hours per week

Language: English

Instructors: Frank Schultmann, Noel Lindsay, Anton Jordaan, John Sing, and Stella Bacht

Institution: The University of Adelaide