This course is a study of the Risk Management (RM) cycle and its relationship with project management. It provides a solid foundation about risk and the RM cycle, and a detailed understanding of tools and techniques used in RM processes. The course discusses and analyses the impact of risk management on different areas of projects including budgets, project scheduling, and quality. Key topics include soft issues in risk management, risk management planning, risk identification, qualitative risk analysis, quantitative risk analysis, risk response planning, and risk monitoring and control.