The uncertainty of cost, schedule, and performance of projects are risks that need to be managed. Students will examine the positive and negative effects of risks at the “individual” level as well as the effects of “overall” project risk. By learning ways to measure, assess, and respond to risk, students will be better prepared to prevent, mitigate, and control potential risk areas, and be able to take necessary actions to manage the project in the most successful manner. Prerequisite: PRM 337