This web site provides an informational resource for Risk Analysis and Management for Projects(RAMP). Many companies have become insolvent because they have not paid enough attention to risk due to disasters like 9/11, natural disasters like Katrina, or hacking attacks. Existing methods of risk management often fail to identify many of the risks. A new method for dealing with such problems is known as RAMP. This site is an informational site about project risk management and is geared toward the education of professions involved in projects. It covers such topics as risk identification, risk analysis, evaluation of financial implications and risk mitigation.
Type of Material:
Informational material, case studies on risk management, terminology and a forum for comments. This material consists of brief exposes of various aspects of risk management with emphasis on the model for projects.
Recommended Uses:
This site would be beneficial for researching risk management. This material is base used as a supplement.
Technical Requirements:
None
Identify Major Learning Goals:
Using case studies, glossaries, and informational materials, this risk management site provides an understanding of the life cycle process of dealing with risk management in business.
This site seeks to educate the viewer on what risk management is, how to mitigate risk, and how risk management is used during a project life cycle. The information is cursory.
Target Student Population:
College and Post-Graduate students This site targets professionals working in projects. It can still be useful as a supplement to college students working in projects or studying the topic of risk management.
Prerequisite Knowledge or Skills:
Since this site is basically informational no prerequisite skills are needed. It would be useful for some knowledge of what risk management is however.
Basic understanding of terms used in business would be necessary to understand the content.
Content Quality
Rating:
Strengths:
The strength of this content are the case studies which could be used to discuss risk management within a lecture style presentation or as a follow up assignment researching how the risk for the companies mentioned could be handled. The material is easy to understand and does a fair job of introducing risk management activities.
Concerns:
More useful for a business systems analysis class than a pure IT class. The site is specifically geared toward selling seminars for professionals leading projects.
Potential Effectiveness as a Teaching Tool
Rating:
Strengths:
Risk analysis and management for projects will be of use to everyone who is concerned with the financial, commercial, legal or engineering aspects of major projects and ongoing activities of any kind. As a supplement, this material provides a brief glimpse of how risk management works in the course of managing projects.
Concerns:
The conference link has not been updated since 2003.
Ease of Use for Both Students and Faculty
Rating:
Strengths:
The web site is easy to follow since it is professionally designed. There are no particular obstacles in using this material. The links are easily maneuvered and the ability to return to a home location available at all times.
Creative Commons:
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