Risk Management in Projects - Fundamentals

Our people are committed and passionate about improving lives in Latin America and the Caribbean, and they get to do what they love in a diverse, collaborative and stimulating work environment. At the IDB, we’re committed to improving lives. Since 1959, we’ve been a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. We do more than lending though. We partner with our 48-member countries to provide Latin America and the Caribbean with cutting-edge research about relevant development issues, policy advice to inform their decisions, and technical assistance to improve on the planning and execution of projects. For this, we need people who not only have the right skills but also are passionate about improving lives.

Learning objectives/Outcomes

• Identify the main stages involved in preparing a risk management plan for development projects following the IDB’s methodology, which is based on PMI’s international standards, to successfully achieve expected results and impacts.
• Recognize the process of identifying risks that may affect the project and documenting their characteristics to facilitate risk analysis and subsequent management.
• Recognize the main elements of the risk analysis process, evaluating and combining probability of occurrence and impact to prioritize risks.
• Recognize risk management strategies that allow for managing opportunities and threats that could impact the project’s objectives.
• Recognize the main elements of the risk monitoring process and continuously optimizing responses to improve efficiency when managing the project life cycle.

Learning experience and activities

Virtual learning that includes:

• Multimedia resources and readings that introduce key concepts to promote learning.
• Interactive reinforcement activities based on the public, private, and innovation sectors for personalized learning.
• Summative evaluations that allow the application of acquired learning.

Assessment

To earn this digital badge, the recipient must have successfully completed all learning activities and summative assessments to meet or exceed the minimum passing score for the course.

Estimated learning effort

Completing this course requires an effort of approximately 30 hours.

Badge type

Completion badge

*This credential is equivalent to the previous version.