Analyzing Risk (PMBOK6 Aligned)
4.4 (8 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
6,050 students enrolled

Analyzing Risk (PMBOK6 Aligned)

The Risk Management Certification Program (PMI-RMP) - (PMBOK6 Aligned)
4.4 (8 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
6,050 students enrolled
Created by Sorin Dumitrascu
Last updated 5/2020
English
English
Current price: $69.99 Original price: $99.99 Discount: 30% off
23 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 2 hours on-demand video
  • 10 articles
  • 34 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Recognize the inputs you use to perform qualitative risk analysis.
  • Identify the tools and techniques you can use for the Perform Qualitative Risk Analysis process.
  • Prioritize risks based on given probability and impact ratings.
  • Recognize project documents that may need to be updated as a result of qualitative risk analysis.
  • Recognize the inputs to the Perform Quantitative Risk Analysis process.
  • Recognize examples of information you should gather about risks during an interview.
  • Identify the four common types of continuous distribution.
  • Identify the purpose of sensitivity analysis.
  • Calculate the expected monetary value of a risk.
  • Describe how to interpret a cost risk simulation graph.
  • Identify the sections of the risk report you typically update as a result of the Perform Quantitative Risk Analysis process.
  • Demonstrate your understanding of how to perform qualitative and quantitative risk analysis for your project.
Requirements
  • General project management knowledge and abilities are a plus but not required
Description

The course on Analyzing Risk is part of a series of courses that together form the Risk Management Certification Program (PMI-RMP). The Program is PMBOK6 aligned and includes the courses on Identifying Risk, Analyzing Risk and Responding to Risk.

What will you learn

After completing the course on Identifying Risk you will be able to:

  • recognize the inputs you use to perform qualitative risk analysis,

  • identify the tools and techniques you can use for the Perform Qualitative Risk Analysis process,

  • prioritize risks based on given probability and impact ratings,

  • recognize project documents that may need to be updated as a result of qualitative risk analysis,

  • recognize the inputs to the Perform Quantitative Risk Analysis process,

  • recognize examples of information you should gather about risks during an interview,

  • identify the four common types of continuous distribution,

  • identify the purpose of sensitivity analysis,

  • calculate the expected monetary value of a risk,

  • describe how to interpret a cost risk simulation graph,

  • identify the sections of the risk report you typically update as a result of the Perform Quantitative Risk Analysis process,

  • demonstrate your understanding of how to perform qualitative and quantitative risk analysis for your project.

Who is your instructor

My name is Sorin, and I will be your instructor. I am a trainer and project manager with more than 10 years of experience. Before Udemy, I trained hundreds of people in a classroom environment – civil servants, managers, project workers, aid workers and many more. And I managed projects in the fields of justice, corrections, regional development and human resources development.

How will you benefit

All instructional activities will earn you the necessary for PMI certification and credential maintenance if you already are a certified PMI Risk Management Professional or Project Management Professional. If you are a project professional and you want to improve your risk management skills, this course is for you. If you are an entrepreneur, a student, a manager or, you just want to learn and develop risk management skills, this course is for you. 

Now, go ahead and press that "Take this course" button and see you on the inside! 

Who this course is for:
  • Project workers, project managers, risk officers and management students seeking or not PMI certification
  • Note: This course is PMBOK6 aligned
Course content
Expand 27 lectures 02:02:00
+ Analyzing Risk
27 lectures 02:01:59

In the third course, we'll examine the two risk analysis processes of the project risk management knowledge area, namely, perform qualitative risk analysis and perform quantitative risk analysis.

Preview 02:30

This is a series of 4 courses that together form the Risk Management Certification Program (PMI-RMP). The Program is PMBOK6 aligned and includes the courses on Planning Risk Management, Identifying Risk, Analyzing Risk and Responding to Risk.

Preview 06:08

You might know this. I’m adding it to any course in the introductory section. But, just in case some suggestions to improve your learning.

Preview 03:36

Perform Qualitative Risk Analysis: Inputs, Tools & Techniques, and Outputs

Perform Qualitative Risk Analysis: Inputs, Tools & Techniques, and Outputs
00:13

Perform Qualitative Risk Analysis: Data Flow Diagram

Perform Qualitative Risk Analysis: Data Flow Diagram
00:18

After completing this topic, you should be able to recognize the inputs you use to perform qualitative risk analysis.

Inputs to Perform Qualitative Risk Analysis
07:35

After completing this topic, you should be able to identify the tools and techniques you can use for the Perform Qualitative Risk Analysis process

Qualitative Risk Analysis Tools and Techniques
09:46

After completing this topic, you should be able to prioritize risks based on given probability and impact ratings 

Risk Probability and Impact Assessment
09:44

After completing this topic, you should be able to recognize project documents that may need to be updated as a result of qualitative risk analysis 

Outputs of Perform Qualitative Risk Analysis
04:41

Perform Quantitative Risk Analysis: Inputs, Tools & Techniques, and Outputs

Perform Quantitative Risk Analysis: Inputs, Tools & Techniques, and Outputs
00:14

Perform Quantitative Risk Analysis: Data Flow Diagram

Perform Quantitative Risk Analysis: Data Flow Diagram
00:11

After completing this topic, you should be able to recognize the inputs to the Perform Quantitative Risk Analysis process 

Inputs to Perform Quantitative Risk Analysis
08:34

After completing this topic, you should be able to recognize examples of information you should gather about risks during an interview 

Gathering Quantitative Risk Data
08:36

After completing this topic, you should be able to identify the four common types of continuous distribution 

Representing Uncertainty
07:52

After completing this topic, you should be able to identify the purpose of sensitivity analysis 

Sensitivity Analysis for Quantitative Data
06:11

After completing this topic, you should be able to calculate the expected monetary value of a risk 

Decision Tree Analysis
08:51

After completing this topic, you should be able to describe how to interpret a cost risk simulation graph 

Simulations
04:54

Example S-Curve from Quantitative Cost Risk Analysis

Example S-Curve from Quantitative Cost Risk Analysis
00:15

Example Tornado Diagram

Example Tornado Diagram
00:16

Example Decision Tree

Example Decision Tree
00:18

After completing this topic, you should be able to identify the sections of the risk report you typically update as a result of the Perform Quantitative Risk Analysis process 

Risk Report Updates
04:25

After completing this topic, you should be able to demonstrate your understanding of how to perform qualitative and quantitative risk analysis for your project 

Exercise - Analyzing Risk Data (1)
10:43

After completing this topic, you should be able to demonstrate your understanding of how to perform qualitative and quantitative risk analysis for your project 

Exercise - Analyzing Risk Data (2)
13:08

Course Project (optional)

Preview 00:38

In the third course, we'll examine the two risk analysis processes of the project risk management knowledge area, namely, perform qualitative risk analysis and perform quantitative risk analysis. 

Analyzing Risk
02:10

In the third course, we'll examine the two risk analysis processes of the project risk management knowledge area, namely, perform qualitative risk analysis and perform quantitative risk analysis.

Analyzing Risk
15 questions

PMI Certification Info

PMI Certification Info
00:04

More courses at discounted price

Bonus Lecture
00:05