Project Risk Management: Effective Decision Making Strategies

Understand the fundamentals or risk and how to develop a proper assessment of risk using expert judgement. ,Gain the skills in modeling budgets and project schedules with uncertain values for cost, duration, and resources. ,Apply simulation in evaluating projects and their potential for positive return on investment under uncertainty. ,Understand decision making theory and the application of both cognitive science and economics in our thinking about projects. ,Know how to apply risk transfer and insurance to reduce owner and vendor risk through financial markets.