What you’ll learn
- 𝐃𝐞𝐟𝐢𝐧𝐞 𝐰𝐡𝐚𝐭 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭 𝐫𝐢𝐬𝐤
- Identify the risk factors needed to reduce uncertainty
- Define inputs to planning risk management
- 𝐈𝐝𝐞𝐧𝐭𝐢𝐟𝐲 𝐬𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐲𝐨𝐮 𝐦𝐮𝐬𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞 𝐢𝐧 𝐚 𝐫𝐢𝐬𝐤 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐩𝐥𝐚𝐧
- Risk ratings in ordinal and numerical scale
- Identify the inputs to the Identify Risks process
- Identify guidelines for conducting a brainstorming session to identify project risks
- 𝐓𝐲𝐩𝐞𝐬 𝐨𝐟 𝐜𝐚𝐮𝐬𝐞𝐬 𝐨𝐟 𝐩𝐫𝐨𝐣𝐞𝐜𝐭 𝐫𝐢𝐬𝐤 𝐰𝐢𝐭𝐡 𝐞𝐱𝐚𝐦𝐩𝐥𝐞𝐬
- Important points that would be needed during an assumption and constraint analysis
- Identify the outputs of the Identify Risks process
- Recognize the inputs you use to perform qualitative risk analysis
- Prioritize risks based on given probability and impact ratings
- Define the inputs to the Perform Quantitative Risk Analysis process
- 𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐦𝐨𝐧𝐞𝐭𝐚𝐫𝐲 𝐯𝐚𝐥𝐮𝐞 𝐨𝐟 𝐚 𝐫𝐢𝐬𝐤 𝐰𝐢𝐭𝐡 𝐞𝐱𝐚𝐦𝐩𝐥𝐞
- Identify the sections of the risk report you typically update as a result of the Perform Quantitative Risk Analysis process
- Identify the inputs to the Plan Risk Responses process
- Recognize examples of using contingent response strategy
- Understand the purpose of the Implement Risk Responses process
- 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐭𝐡𝐞 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐜𝐞 𝐨𝐟 𝐩𝐫𝐨𝐣𝐞𝐜𝐭 𝐚𝐮𝐝𝐢𝐭𝐬
- Recognize appropriate risk response strategies(negative and positive)
- Demonstrate your understanding of the Plan Risk Responses, Implement Risk Responses, and Monitor Risk processes
- See examples of project risk
- 𝐄𝐱𝐚𝐦𝐩𝐥𝐞𝐬 𝐨𝐟 𝐜𝐨𝐦𝐦𝐨𝐧 𝐫𝐢𝐬𝐤 𝐫𝐞𝐬𝐩𝐨𝐧𝐬𝐞𝐬
- Identify the tools and techniques used for the Plan Risk Management process
- Match elements of the risk management plan with examples
- Demonstrate your understanding of the Plan Risk Management process
- Identify activities that should be part of a document analysis to identify project risks
- Recognize when interviewing is a good method for gathering risk information
- Categorize items that would be used to perform a SWOT analysis
- Demonstrate your understanding of the Identify Risks project management process
- Identify the tools and techniques you can use for the Perform Qualitative Risk Analysis process
- Recognize project documents that may need to be updated as a result of qualitative risk analysis
- Recognize examples of information you should gather about risks during an interview
- Identify the purpose of sensitivity analysis with example
- Describe how to interpret a cost risk simulation graph(Monte Carlo Analysis)
- Demonstrate your understanding of how to perform qualitative and quantitative risk analysis for your project
- Identify strategies for responding to negative risks
- Recognize the outputs of the Plan Risk Responses process
- Identify the inputs to the Monitor Risks process
- Distinguish between technical performance analysis and reserve analysis measurement criteria
- Recognize the outputs of the Monitor Risks process
- Differences between Secondary and Residual Risk
- 𝐇𝐨𝐰 𝐭𝐨 𝐩𝐚𝐬𝐬 𝐑𝐌𝐏 𝐞𝐱𝐚𝐦 𝐢𝐧 𝐚 𝐬𝐡𝐨𝐫𝐭 𝐬𝐭𝐮𝐝𝐲 𝐩𝐞𝐫𝐢𝐨𝐝
- Good to have general Project Management knowledge and skills, but not required.
Welcome to the Risk Management Program (PMI-RMP). The Program is aligned with the new PMI-RMP exam format and includes knowledge about Overall Risk Management, Plan Risk Management, Identify Risk, Analyze Risk, Respond to Risk, and Monitor the Risk.
In the Plan Risk Management section of this program in the project risk management knowledge area we’re going to learn how to plan risks on a project to make sure that when negative and positive things might happen, we’re ready for them.
The Identifying Risk covers the inputs that you must look at in order to identify risks. And how to use several tools and techniques, such as Root Cause Analysis, SWOT Analysis, Assumption, and Constraint Analysis, to help you develop an effective risk register.
In Analyzing Risk, we’ll cover the two risk analysis processes of the project risk management knowledge area, they are performing qualitative risk analysis and perform quantitative risk analysis(Monte Carlo Simulation) We will dive into this analysis and see the examples in real project management.
The Responding to Risk covers the two processes in the project risk management knowledge area. Plan risk responses and implement risk responses. You’ll learn common risk response strategies for negative and positive risks,
Finally, Monitor Risk covers the monitoring and controlling of the identified risks and implementing agreed-upon responses. You’ll learn how to ensure that your system works well and minimizes threats and enhances opportunities.
All of these will give you the necessary knowledge for gaining PMI certification and credential maintenance if you already are a certified PMI Risk Management Professional or Project Management Professional.
This course has been created for project managers, project engineers, planning and cost engineers, students, and above all who are willing to learn risk management techniques and apply them to the projects.
Then what are we waiting for, let’s get started. Take this course and let’s get the job done. I have a surprise for you at the end of the course. I am here for you, ask your questions during your preparation and I will be replying in a short response period.
Don’t forget action always speaks louder than words 🙂
Who this course is for:
- Project managers, risk officers, planning engineers, project officers, quantity surveyors and students who are willing to take PMI certification.
- This course is also useful for whom are looking to have general information about Risk Management
- Note: This course is PMBOK6 aligned, but prepared after the exam change on 01-Apr-22. Therefore it complies with new exam.
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