The Psychology of Risk Management on Projects

Learn how to make sound business judgement in any situation

Our emotional memory of past experiences can greatly influence our assessment of risk. This subconscious bias towards risk aversion or risk tolerance is a result of the brain function that helps us make tens of thousands of decisions a day.

In the Psychology of Risk Management microcredential, you will learn about the functions of the brain, development of human behaviour, and the personality characteristics vital to a range of risk-related circumstances. Discover how experienced risk managers arrange their practices to avoid or minimise the effects of these phenomena on their risk management. Gain the knowledge to make a positive and immediate difference to your organisation’s projects.

This course is available to complete online at any time via our high-quality learner platform. The self-paced delivery gives you the flexibility to work around your other commitments.

  • If you or your organisation have been affected by a crisis such as COVID-19 and you frequently deal with risk in business operations or projects, then this course is for you.

    It’s important to understand that serious events like COVID-19 can extend to poor risk management practices, potentially delaying or suspending perfectly viable projects due to cautious attitudes. Risk managers need to understand why this occurs and the relevant implications, making this course incredibly pertinent to the current business environment.

  •  Upon successful completion, you will receive a digital Certificate of Achievement in recognition of your new competencies.

If you or your organisation have been affected by a crisis such as COVID-19 and you frequently deal with risk in business operations or projects, then this course is for you.

It’s important to understand that serious events like COVID-19 can extend to poor risk management practices, potentially delaying or suspending perfectly viable projects due to cautious attitudes. Risk managers need to understand why this occurs and the relevant implications, making this course incredibly pertinent to the current business environment.

Meet your course instructor

Prof Alan Patching

Professor Alan Patching has over four decades of experience on major projects worth over $20 billion (in 2020 values), including his role as Project Director and owning entity CEO for the design and construction of the Sydney Olympic Stadium, a project on which daily risk management was central to its on-original-schedule and within-original-budget completion. He also holds a master's degree and a PhD, and has substantial clinical experience in psychology and human behaviour-related areas.

Alan has taught postgraduate risk management, human behaviour and psychology-related subjects at several educational institutions for over 20 years. There is arguably no one better qualified to bring this course to you at such a crucially important time.

Discover more microcredentials

Whether you’re looking to upskill, advance your career, change direction or dive deeper into a specific area, Bond University offers a range of executive training and professional development courses to help you get ahead.

Managing Projects Through Uncertainty

This course will guide you through the project re-planning process, understanding impact and feasibility within an uncertain project environment, and successfully presenting your project plan to leadership for approval. With the learnings from this course, your re-planned projects will be more resilient to uncertainty and more likely to be approved by project sponsors. 

Learn more