Risk Management in Development Projects

BY
Inter American Development Bank via Edx

Discover how to manage the factors that affect the execution of a development project with Risk Management in Development Projects Certification by edX.

Lavel

Intermediate

Mode

Online

Duration

10 Weeks

Fees

Free

Quick Facts

particular details
Medium of instructions English
Mode of learning Self study
Mode of Delivery Video and Text Based
Learning efforts 2-3 Hours Per Week

Course overview

Project teams in an organization are compelled to spend a lot of time, solving problems rather than preventing them, which leads to a reduction in output. Project risk management has evolved to manage positive and negative events beforehand that affect the success rate of a project. Risk Management in Development Projects Certification by edX ensures all the techniques to do so are well learned and implemented by the course participants.

The curriculum is based on the methods adopted by the Inter-American Development Bank towards risk management, additionally supported by "A Guide to the Project Management Body of Knowledge" by the Project Management Institute. Risk Management in Development Projects Certification Course is an interactive course wherein learners can share their knowledge and experience with learners worldwide.

Risk Management in Development Projects Certification Syllabus encompasses all the key concepts in this domain, including identifying risks in scenarios of uncertainty, managing risks in settings with limited resources, determining who can help in risk management, developing risk response strategies, and updating and monitoring risks throughout the life of the project.

The candidates can take the course in two different modes, verified and audit tracks. In the verified track, the learners can get unlimited access to the course and certificate of completion. In the audit track, they can audit the course for a limited duration without paying the course fee. 

The highlights

  • Estimated ten weeks of learning
  • Self-paced offering
  • Free learning
  • Supported and delivered by the Inter-American Development Bank
  • edX support
  • Verified and paid certification

Program offerings

  • Instructor support
  • Videos
  • Feedbacks
  • Graded assignments
  • Online learning
  • Self-paced
  • Questionnaires

Course and certificate fees

Type of course

Free

Fee

Amount in rupees

Course Fee

Free

Certification Fee (optional)

₹2,087 

certificate availability

Yes

certificate providing authority

IDB

certificate fees

₹2,087

Who it is for

Risk Management in Development Projects Certification Online Course is for changemakers in an organization who keep it running with robust project management tactics. It has been crafted to benefit the following individuals-

  • Professionals interested in risk management in development projects
  • Project team members
  • Professionals from different fields who help in developing and executing projects
  • Project Manager or Supervisors 
  • Public officials from national, subnational, and municipal entities
  • Financiers and funders

Eligibility criteria

Education

The two essential educational prerequisites for Risk Management in Development Projects Certification Course are that learners should have pursued PMP (Project Management Professional) or CAPM (Certified Associate in Project Management) certification training and received project management training earlier.

Certification qualifying details

To qualify for Risk Management in Development Projects Certification, learners have to purchase the verified track of this course and secure the final grade or 65% percentile as applicable. Learners have to additionally ensure that they have been verified on edX.

What you will learn

Project management

Risk Management in Development Projects Certification Programme has been crafted to help learners implement their learnings in their respective organizations and thrive with better risk management strategies. By the end of this course, candidates will be adept in the following concepts-

  • Candidates will be able to recognize the main elements of the risk monitoring process.
  • They shall learn how to continuously optimize responses to improve efficiency while managing the project life cycle.
  • Learners will be able to evaluate and combine risks’ probability of occurrence and impact to prioritize them.
  • This course will teach them how to identify the main stages involved in preparing a risk management plan for development projects following IDB’s methodology to achieve expected results successfully.
  • Besides this, they shall also learn to recognize the process of identifying risks that may affect their project.
  • Further, they will be documenting the characteristics of the risks to facilitate risk analysis and subsequent management.
  • Furthermore, learners will recognize risk management strategies that allow for managing opportunities and threats to impact the project’s objectives.

The syllabus

Start here

  • How the course works
  • Welcome to the course
  • Tell us about yourself

Module 1: Fundamentals of risk management in development projects

  • Risk management
  • Conclusions of module 1

Module 2: Groundwork for identifying and recording risks

  • Identify and record risks
  • Conclusions of module 2

Module 3: Risk analysis for prioritizing risks

  • Qualitative risk analysis
  • Conclusions of module 3

Module 4: Risk response planning and implementation

  • Response management for prioritized risks
  • Conclusions of module 4

Module 5: Risk response planning and implementation

  • Risk monitoring
  • Conclusions of module 5

Final steps

  • Final steps

Admission details

Risk Management in Development Projects Certification Training is admitting candidates under one session to which registrations can be made in the following manner-

Step 1: Go to the official course URL and click on “Enroll Now.”

Step 2: After this, choose your preferred mode of learning between the audited or verified track.

Step 3: You will have to make the requisite payment if you choose the second option.

Step 4: On choosing the first option, you can directly access the course with the option of upgrading to the verified track

Scholarship Details

Learners who do not have enough finances to pay for the verified certificate can apply for the edX financial assistance programme instead, where they will be offered a rebate of 50% on the Risk Management in Development Projects Certification Fee. They can apply for the same through the course URL under the financial aid head, which shall direct them to the application webpage. After filling in the required information, they have to submit the application and wait for the email notification.

Evaluation process

Risk Management in Development Projects Certification examination includes the PMP/CAPM certification examination.

How it helps

Risk Management in Development Projects Certification tests students through practical assignments and a case study so that they can apply the best risk-management practices to a fictional project and, in turn to real-life problems in their workplace. Successfully passing the course will provide learners with a digital badge in addition to the verified certificate that will enable them to change the way they share their academic and professional achievements with the world.

Risk Management in Development Projects Certification benefits learners with strong backing from the Inter-American Development Bank, which shall recognise, acknowledge and showcase the key competencies of candidates in various social and economic development areas. The digital badge received in this course shall prove to be an online representation of each skill learned or knowledge acquired in this course.

It provides learners across the world access to classrooms through self-paced online learning. Even working professionals are benefitted who can hone their existing skills and get empowered to unlock their potential and become changemakers in their organizations. The board and team at edX comprise qualified professionals from institutions like MIT and Harvard who strive to provide the best.

Instructors

Ms Vanessa Sayos del Castillo
Project Management
IDB

Other Masters

Mr Santiago Fretes
Senior Operations Associate
IDB

Other Masters

Mr Allan Quijano
Operations Consultant
IDB

FAQs

What is the deadline to switch to the verified track if a learner chooses to audit the free course?

Learners can check the deadline on their course dashboard.

Will learners get access to this course for ten weeks irrespective of their date of joining?

There is a deadline for accessing the course. If there are less than 10 weeks until the deadline when the candidate enrolled in it, they will have the time left till that deadline only.

What is the deadline to complete the coursework?

Learners can check the deadline for completion of the coursework on their course dashboard.

Can a learner change his answers to any question in the questionnaire after he checks it?

Answers can be changed only twice once they have been checked.

Is the certification fee refundable?

It is refundable only if a genuine and pressing concern is stated. Candidates seeking a refund need to mail the billing team of edX along with the payment reference number.

Can a learner who is not apprised with a virtual learning platform receive a demo of the course and navigation features?

Yes, they can visit "DemoX" and click on "Enroll Now." Once they log in, instructions will be available under the Demo Course.

How can a learner change the language of delivery?

They can change their language under the "Language" section in the Accounts head.

Can a learner correct any error in his name before the certificate is issued?

This has to be done before ending the course under the "Full Name" tag in the Accounts section.

When will the participant support page answer a query?

The ideal response time is 24 hours for weekdays and 48 hours during the weekend.

Till when can a learner receive a refund for the course after unenrolling?

If a candidate doesn't enrol from the course within 14 days of making the payment, he will be eligible for a refund.

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