Fundamentals of Risk Management and Resource Evaluation

This free online course on Risk Management and Resource Evaluation will begin by introducing you to PERT and project crashing. You will learn about how PERT uses three probabilistic time estimates for activities and how the duration of a project is reduced through the process of project crashing. You will learn about Maslow’s hierarchy of needs with regards to employee motivation and how Herzberg’s 2 Factor Theory affects job satisfaction. You will also study the characteristics of the organisation and team structure as well as their advantages and disadvantages.

This course will then discuss team structure and risk management. You will learn about the chief programmer team, democratic team and hierarchical team. You will learn about the different categories of risk such as market risk, financial risk, project risk and technological risk as well as how to manage them. You will then be introduced to the importance of having quality software products that satisfy the requirements specified in the SRS document.

Lastly, this course will introduce you to the concept of resource allocation. You will learn about the categories of resources; labour, equipment, materials, space, services, time and money. You will learn about the importance of identifying resource requirements and how to prepare a resource requirement list. This course will present the different phases of resource allocation as well as teach you how to maximize the percentage usage of resources. Start this course today and learn more about risk management and resource evaluation in software project management.