Defence Academy update for COVID-19
The course uses syndicate exercise and discussion to consolidate learning and follows a logical progression through the MOD’s risk management process in a project environment within its acquisition cycle. Looking at all stages of a project cycle, it introduces the statistical basis of risk, the MOD’s risk management tools along with the concepts of qualitative and quantitative risk analysis. The course focuses on project risk using Monte Carlo to model timescale risk and the effect of mitigation.