Project Management 09: Costs, Risks and Quality

Duration:  34 minutes

Overview: The management of three key issues in the success of any project – costs, risks and quality. We start with an analysis of controlling costs, including an introduction to creating and reporting on a project budget. We then look at controlling risks, including a step-by-step process to build and implement a risk mitigation plan. We finish with a deep dive into quality control, including a look at the ‘Basic Seven’ quality control tools: Cause-and-effect diagram, Flowchart, Checksheet, Histogram, Pareto chart, Control chart and Scatter diagram.

Why is this course important? This course addresses the three key issues which often lead to a successful project. While a project manager may complete a project in its entirety, the success of a project is often benchmarked against KPIs other than simple completion – was the project completed on budget, on time and at the appropriate level of quality?

Suitable for: All employees. It assumes a basic understanding of project management and the stages of a project (covered in Project Management 1: Overview of this series).

This is course 9 of 13 in the series of courses on project management.

Online Assessment: None

Workplace Activities: None

Disclaimer: In the event of discrepancy between this course and your workplace policies, your workplace policies should be applied. OmniaCapture is not responsible for you or anyone else for any loss suffered in connection with the use of this information. You should seek legal or other professional advice before acting or relying on any of the information contained in this course.