Risk Analysis Detailed Math , PMP , RMP
- 1 hour on-demand video
- 1 article
- 1 downloadable resource
- Full lifetime access
- Access on mobile and TV
- Certificate of Completion
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- 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
- Basic Knowledge in Project Management
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:
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.
- Project Managers
- Risk Managers
- Professionals preparing for PMP® / PMI- RMP® exams
Once this lecture is completed , you will be able to differentiate between the Qualitative and Quantitative risk analysis processes.
One of the most important tools and techniques used in numerical risk analysis , it will allow you to take decisions today based on future events and outcomes.