Explores and elaborates the role of risk analysis and proactive risk management within a modern enterprise project environment. Acknowledging that risk is an inherent feature of any project, processes and tools are reviewed which enable project teams to identify, plan, manage and control project risks related to the triple constraint, as well as treatment options for risks beyond the project manager’s oversight. Methodology presented is consistent with the risk management processes in PMI®’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide), with which comparisons are drawn to risk management strategies used in actual projects, both successful and unsuccessful in outcome. This class builds on a student’s basic project management knowledge to provide a more comprehensive and thorough approach with which to successfully address risks inherent in today’s cost-sensitive yet demanding project settings. Prerequisite(s): PM 340.