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Business Project Management Risk Management

Risk Analysis Detailed Math , PMP , RMP

Guarantee all risk management math questions in PMP® & RMP® exams by learning math formulas for project risks evaluation
Rating: 4.1 out of 54.1 (62 ratings)
418 students
Created by Elite Instructors, PMP ®, RMP®, ACP®, PRINCE2® Practitioner
Last updated 7/2019
English
30-Day Money-Back Guarantee

What you'll learn

  • Understand what are the risk management processes
  • Clear definitions of important items in risk management
  • Calculate the Expected Monetary Value of Individual risks and Project Overall risk
  • How to pick the right choice from a multi branch decision tree
  • Determine the required Contingency reserves for your project

Requirements

  • Basic Knowledge in Project Management

Description

This is a short training course about objective and numerical risk evaluation, as risk management becomes one of the major knowledge areas that adds value and bring benefits to the project, it’s important to be aware of all calculations required to identify the project risk exposure. This course will cover all math formulas used to evaluate individual risks and overall project risk, and the course will explain in details 5 Major topics:

  • Risk Score

  • Expected Monetary Value

  • Decision Tree Concept

  • Contingency reserve calculations.

  • Monte Carlo Simulation

In each lecture you will find few questions that will improve your understanding of the concept explained in the lecture, at the end of course you will have 10 questions with detailed answers in exam form , at the end of the course you will be able to download some helpful resources to pass PMI exams .

What makes all my courses unique that I create and pick for you tricky questions, I don’t select simple ones just to count questions!  Don’t expect to see simple & direct to the point questions in the exams, you should read the question carefully in order to pick the correct choice. 

You can see below some reviews from students enrolled in this course


" I would highly recommend this course not only for the people who are preparing for exam but anyone who are somehow involved in any kind of project management in general. The course has excellent exercises for most risk topics. Moreover it gives tips and tricks to learn many concepts "

" Very detailed and clear explanation of the Risk analysis "

" This course is excellent and content rich thanks for your effort and delivery "

"Very good training module for math. "

" Really learning by going over test questions "


Disclaimer: PMI, PMBOK, RMP and PMP are registered trademarks of Project Management Institute. 


Click the “Take this course “button and let’s start some useful risk calculations.


Who this course is for:

  • Project Managers
  • Risk Managers
  • Professionals preparing for PMP® / PMI- RMP® exams

Course content

3 sections • 9 lectures • 1h 5m total length

  • Preview05:30

  • Preview02:23
  • Risk Score
    06:19
  • Expected Monetary Value
    07:32
  • Preview08:50
  • Contingency Reserve Calculations
    09:08
  • Monte Carlo Simulation
    08:09

  • Final exam
    10 questions
  • Exam Questions : Detailed Answers
    16:48
  • Bonus from the Instructor
    00:58

Instructor

Elite Instructors, PMP ®, RMP®, ACP®, PRINCE2® Practitioner
Project managers, engineers, and IT professionals
Elite Instructors, PMP ®, RMP®, ACP®, PRINCE2® Practitioner
  • 4.3 Instructor Rating
  • 3,783 Reviews
  • 41,298 Students
  • 37 Courses

We are a team of professional instructors who aims to support and provide guidance for professionals who would like to take their career into the next level though getting qualified. Dedicated to provide the highest quality courses, that are based on the instructors experience preparing for the exam and passing it from the first trial.

Our instructors are focused on project management certifications, provided by various institutes like PMI, Axelos, Scrum, and CompTIA. Starting with the most popular certificate, the PMP! and going through the PMI-RMP, Agile, PMI-PBA, PMI-PgMP, Prince2 foundation and practitioner levels, CompTIA project +, PMS, PSPO, PSD and more. Below you can find a list of the top project management certificates in 2020 that we will help you achieve!

1. Agile Certified Practitioner (PMI-ACP)®

2. Project Management Professional (PMP)®

3. Certified Associate in Project Management (CAPM)®

4. Certified ScrumMaster (CSM)®

5. Master Project Manager (MPM)®

6. Certified Project Manager (IAPM)

7. CompTIA Project+®

8. PRINCE2® Foundation and Practitioner levels

9. Professional Scrum Master (PSM)®

Some of our instructors Certificates:

Project Management Professional, PMP® #1955425

Risk Management Professional, PMI-RMP® #1982971

PRINCE2® Practitioner, GR657024205SA

Agile Certified Practitioner, PMI-ACP ® #9625125

For more information about Elite Instructors please don't hesitate to reach us out.

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