The Ultimate Project Manager Chapter 15: Managing Project Risks

By the end of this course you will be able to: Identify and describe how a project manager or team can identify potential problems and opportunities mitigate potential problems and maximize potential opportunities. Identify and distinguish between the nine elements of a project that should be examined closely. Select actions that you can take to evaluate risks in a project.  Select the behaviors that should and should not be used in risk management and any conflicts and disputes that arise. Identify when management has made a logical decision to start a project based on an analysis of the balance between the potential risks and rewards of going through with the project. Define professional liability and define the types of standards of care that can be expected of professionals who offer professional services and the origins and elements of professional liability. Explain the owners role in establishing project risks. Affirm typical components of a proposal and contract.  Select and summarize actions that can be taken to minimize risks when services are provided during the design and construction phases. Define what a claim is and identify some common facts about claims.