RedVector RV-11291

Advanced Project Management: Advanced Project Risk Management

Advanced Project Management: Advanced Project Risk Management

2 hrs. Online Course

Level: Advanced

Item#: RV-11291

SME: Christian Knutson, P.E., PgMP, PMP

Project risk is based on a simple equation: Event Risk equals the Probability of an Event times the Consequences of the Event. As project managers we know this, either implicitly because we’ve studied and read about risk in projects or we know it from first-hand experience. We’ve also learned along the way that we cannot fully eliminate risk, only mitigate the risk and that there is no such thing as a risk free project or action. During this interactive online course on project risk management we will go beyond the fundamental truths of project risk and cover how decisions are made, delving into decision theory and decision making in the face of uncertainty; as well as exploring risk management through the four phases of Risk Identification, Risk Analysis, Risk Response, and Risk Mitigation and Control.
Course Objectives
By the end of this course you will be able to:
  • Describe the utility theory and risk aversion 
  • Identify the decision-making styles 
  • Define the 5-step decision model in project management activities 
  • Differentiate between decision making under uncertainty and under certainty 
  • List and discuss the 4 phases of risk management 
  • Recall the 4 possible response strategies for risk mitigation
SUBJECT MATTER EXPERT: Christian Knutson, P.E., PgMP, PMP
Christian Knutson, P.E., PgMP, PMP Photo

Christian Knutson, P.E., PgMP, PMP, is a senior civil engineer and program management practitioner, adjunct professor, author and podcaster.  His experience in infrastructure engineering, program delivery, facility management, leadership and international cooperation spans the globe with more than two decades in the military, civil service and the private sector and is shared routinely through his writings.

 

Over Knutson’s career, he’s developed core skills to effectively lead teams and organizations, negotiate on projects and programs, and achieve success on high-stake infrastructure projects for clients in the U.S., Europe and the Middle East.

 

Knutson is a U.S. Air Force civil engineer officer and holds an undergraduate degree in civil engineering from Michigan State University and a Masters, Business Administration from Colorado State University. You'll find his writings on LiquidPlanner.com Blog, The Engineering Career Coach and General Leadership websites. He is also the co-host of the popular Engineering Career Coach - cited by Forbes as one of the 15 most inspiring podcasts for professionals – and the Civil Engineering podcast.  He currently lives near Cambridge, England.

State Licenses
AL - Engineer (General - ,)
AL - Landscape Architect (General - Approved LA CES-2025)
AR - Engineer (General - ,)
DE - Engineer (Business Practice (maximum of 9 hours) - ,)
FL - Interior Designer (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
GA - Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
GA - Engineer (General - ,)
GA - Landscape Architect (General - Approved LA CES-2025)
IA - Engineer (General - ,)
ID - Engineer (General - ,)
IL - Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
IL - Engineer, Professional (General - ,)
IL - Engineer, Structural (General - ,)
IL - Landscape Architect (General - Approved LA CES-2025)
IN - Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
IN - Landscape Architect (General - Approved LA CES-2025)
KS - Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
KS - Engineer (General - ,)
KS - Landscape Architect (General - Approved LA CES-2025)
KY - Engineer (General - ,)
LA - Engineer (General - ,)
LA - Landscape Architect (General - Approved LA CES-2025)
MD - Engineer (General - ,)
MD - Landscape Architect (General - Approved LA CES-2025)
ME - Engineer (General - ,)
MI - Contractor, Residential Builder and M & A (General)
MI - Engineer (General - ,)
MI - Landscape Architect (General - Approved LA CES-2025)
MN - Engineer (General - ,)
MO - Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
MO - Engineer (General - ,)
MO - Landscape Architect (General - Approved LA CES-2025)
MS - Engineer (General - ,)
MT - Engineer (General - ,)
NC - Engineer (General - ,)
ND - Engineer (General - ,)
NE - Landscape Architect (General - Approved LA CES-2025)
NH - Engineer (General - ,)
NJ - Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
NJ - Engineer (General - 24GP000006300)
NM - Engineer (General - ,)
NM - Landscape Architect (General - Approved LA CES-2025)
NV - Engineer (General - ,)
NY - Landscape Architect (General - Approved LA CES-2025)
OH - Engineer (General - ,)
OH - Landscape Architect (General - Approved LA CES-2025)
OK - Engineer (General - ,)
OR - Engineer (General - ,)
OR - Landscape Architect (General - Approved LA CES-2025)
PA - Code Official,Certified (UCC) (General)
PA - Landscape Architect (General - Approved LA CES-2025)
PR - Engineer (General - ,)
SC - Engineer (General - ,)
SD - Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
SD - Engineer (General - ,)
SD - Landscape Architect (General - Approved LA CES-2025)
TN - Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
TN - Engineer (General - ,)
TN - Landscape Architect (General - Approved LA CES-2025)
TX - Engineer (General - ,)
UT - Engineer (General - ,)
VA - Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
VA - Engineer (General - ,)
VA - Landscape Architect (General - Approved LA CES-2025)
VT - Engineer (General - ,)
WA - Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
WA - Landscape Architect (General - Approved LA CES-2025)
WI - Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
WI - Engineer (General - ,)
WV - Engineer (General - ,)
WV - Landscape Architect (General (max 6 hrs online) - Approved LA CES-2025)
WY - Engineer (General - ,)
Professional Organizations
American Academy of Environmental Engineers - AAEES - Member (General - ,)
American Hospital Association - AHA - Certified Healthcare Constructor (CHC) (General)
American Institute of Architects - AIA - Architects (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
American Society of Civil Engineers - ASCE - Academy of Coastal, Ocean, Port & Navigation Engineers (ACOPNE) (General)
American Society of Civil Engineers - ASCE - Academy of Geo-Professionals (AGP) (General)
American Society of Civil Engineers - ASCE - American Academy of Water Resources Engineer (AAWRE) (General)
American Society of Landscape Architects (LA CES) - ASLA - Member (General - Approved LA CES-2025)
Canada - Alberta Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
Canada - Alberta Engineer (General - ,)
Canada - British Columbia Architect (AIBC) (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
Canada - British Columbia Engineer (General - ,)
Canada - Manitoba Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
Canada - Manitoba Engineer (General - ,)
Canada - New Brunswick Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
Canada - New Brunswick Engineer (General - ,)
Canada - Newfoundland and Labrador Engineer (General - ,)
Canada - Northwest Territories and Nunavut Engineer (General - ,)
Canada - Northwest Territory Architect / Restricted Practitioner (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Engineer (General - ,)
Canada - Ontario Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
Canada - Ontario Engineer (General - ,)
Canada - Prince Edward Island Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
Canada - Prince Edward Island Engineer (General - ,)
Canada - Quebec Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
Canada - Quebec Engineer (General - ,)
Canada - Saskatchewan Architect (General - RV2191-2025)
Accreditation: AIA Registered Provider J315
Canada - Saskatchewan Engineer (General - ,)
Canada - Yukon Engineer (General - ,)
International Society of Automation - ISA - Certifications (General)
National Institute for Certification in Engineering Technologies - NICET (General - ,)
Ontario Association of Certified Engineering Technicians and Technologists - OACETT - Certified Member (Management/Leadership Training)
Project Management Institute (PMI) - Certified Associate in Project Management (CAPM) (Ways of Working - RV-11291)
Project Management Institute (PMI) - Program Management Professional (PgMP) (Ways of Working - RV-11291)
Project Management Institute (PMI) - Project Management Professional (PMP) (Ways of Working - RV-11291)