Identifying and Evaluating Risk


Course Overview

Everyone worries about risk. How do we identify risks? Is this issue more risky than another? Or even worse, "Sorry, but this project sounds too risky. We can't approve it." Wouldn't it be better if you could show an objective understanding of risks, how to plan to address them, and be able to justify the decisions behind those plans?

In this course, you will learn how to assess risk with failure modes and effect analysis. You will evaluate different losses of functionality that your system could experience, and determine the possible effects and related causes. You will then develop objective ways of measuring the severity and likelihood of each of these causes, ultimately to develop a quantifiable measure of system risk. You will produce this analysis in a way that not only allows you to make decisions on how to handle these risks, but also justify your actions to others. This course equips you to recognize risk and reduce it.

  • Any manager from a wide variety of organization types, roles, and functional areas who is responsible for serving external and internal customers.
  • Anyone whose staff or unit is responsible for providing a consistent and high level of service, making things easy for customers, and delivering on the promise of a quality experience every time.
  • Students may belong to service-oriented organizations including for-profits, NGOs, and governmental agencies.