Risk Analysis Detailed Math , PMP , RMP
4.2 (50 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.
219 students enrolled

Risk Analysis Detailed Math , PMP , RMP

Guarantee all risk management math questions in PMP® & RMP® exams by learning math formulas for project risks evaluation
4.2 (50 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.
219 students enrolled
Current price: $34.99 Original price: $49.99 Discount: 30% off
5 hours left at this price!
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This course includes
  • 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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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
Expand all 9 lectures 01:05:38
+ Introduction
1 lecture 05:30

Have an idea about the risk management key concepts before we dig deeper in the numerical risk analysis.

Preview 05:30
+ Risk Analysis
6 lectures 42:21

Once this lecture is completed , you will be able to differentiate between the Qualitative and Quantitative risk analysis processes.

Preview 02:23

Risk score should be calculated in order to prepare the risks priority list in the perform qualitative risk analysis process , learn how you can do in this lecture.

Risk Score
06:19

Expected Monetary value formula is the core of the numerical risk analysis , give an attention to this lecture as future lectures are based on this lecture.

Expected Monetary Value
07:32

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.

Preview 08:50

How to determine the required Time and Cost contingency reserves required to cover all risks in your project ? you can find the answer in this lecture .

Contingency Reserve Calculations
09:08
Monte Carlo Simulation
08:09
+ Exam Questions Detailed Answers
2 lectures 17:46

You can test your knowledge in this Quiz which contains 10 questions , those questions are similer to the ones you will face in the Risk Management Professional exam or the Project Management Professional exam .

Final exam
10 questions

In this lecture we are going to solve 5 Questions (1-5) of the Quiz you tried to solve earlier .

Exam Questions : Detailed Answers
16:48
Bonus from the Instructor
00:58