
A day in the life of a project manager
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.
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Project Management Process Group and Knowledge Area Mapping
Project Risk Management Overview
FAQs
The Science of Better Learning
The Planning Risk Management 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.
Plan Risk Management: Inputs, Tools & Techniques, and Outputs
The projects you'll manage will face many different risks. First of all, let's define what we mean by risk. Project risks have two characteristics. They're events that might happen, and they have the potential to impact one or more of the project objectives.
In this topic we're going to use our definition of project risk to examine more closely what it means that project objectives would be impacted by unforeseen events.
For risk management to succeed, you must respond proactively to risks. If you only respond once an event occurs, you will waste time and resources needlessly trying to manage it.
Risk management has two central roles, reducing uncertainty about identified risks, and determining appropriate responses for when risk events do occur.
Plan Risk Management: Data Flow Diagram
The Inputs to this process are Project charter, Project management plan, which includes All components, Project documents, which include Stakeholder register, Enterprise environmental factors, and Organizational process assets.
Imagine trying to manage a project where you aren't sure what the project's potential risks are. In order to effectively monitor and control the risks on a project, it is important to first plan for potential risks. To do so, you use specific tools and techniques.
The plan risk management process has one output, the risk management plan. A typical risk management plan includes several important sections which are Methodology, Roles and Responsibilities, Budgeting, Timing, Reporting Formats, Tracking, and Risk Categories.
The risk management plan contains the overall plan for managing risk throughout the project's life cycle, broken down into different sections. In this topic, we're going to walk through a simple risk management plan. Tina is a project manager for a large urban hospital.
Sample Risk Breakdown Structure (RBS)
An important part of the risk management plan is a section that defines how probability and impact will be defined for your particular project. This topic explains how to develop those definitions and create a probability and impact matrix.
Example of Definitions for Probability and Impacts
Example Probability and Impact Matrix with Scoring Scheme
In this exercise, you'll demonstrate your ability to effectively manage potential risks by planning ahead and assessing their impact, probability, and cause.
In this exercise, you'll demonstrate your ability to effectively manage potential risks by planning ahead and assessing their impact, probability, and cause.
The Planning Risk Management 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.
In the second course you're going to learn what inputs you need to look at in order to identify risks.
Identify Risks: Inputs, Tools & Techniques, and Outputs
Identify Risks: Data Flow Diagram
After completing this topic, you should be able to identify the inputs to the Identify Risks process.
After completing this topic, you should be able to identify activities that should be part of a document analysis to identify project risks
After completing this topic, you should be able to identify guidelines for conducting a brainstorming session to identify project risks.
After completing this topic, you should be able to recognize when interviewing is a good method for gathering risk information
After completing this topic, you should be able to match types of causes of project risk with examples.
After completing this topic, you should be able to categorize items that would be used to perform a SWOT analysis
After completing this topic, you should be able to identify the questions that would be asked during an assumption and constraint analysis
After completing this topic, you should be able to identify two documents you may gather information from when using checklists to identify risks
After completing this topic, you should be able to identify the outputs of the Identify Risks process
After completing this topic, you should be able to demonstrate your understanding of the Identify Risks project management process
After completing this topic, you should be able to demonstrate your understanding of the Identify Risks project management process
In the second course you're going to learn what inputs you need to look at in order to identify risks.
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.
Perform Qualitative Risk Analysis: Inputs, Tools & Techniques, and Outputs
Perform Qualitative Risk Analysis: Data Flow Diagram
After completing this topic, you should be able to recognize the inputs you use to perform qualitative risk analysis.
After completing this topic, you should be able to identify the tools and techniques you can use for the Perform Qualitative Risk Analysis process
After completing this topic, you should be able to prioritize risks based on given probability and impact ratings
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
Perform Quantitative Risk Analysis: Inputs, Tools & Techniques, and Outputs
Perform Quantitative Risk Analysis: Data Flow Diagram
After completing this topic, you should be able to recognize the inputs to the Perform Quantitative Risk Analysis process
After completing this topic, you should be able to recognize examples of information you should gather about risks during an interview
After completing this topic, you should be able to identify the four common types of continuous distribution
After completing this topic, you should be able to identify the purpose of sensitivity analysis
After completing this topic, you should be able to calculate the expected monetary value of a risk
After completing this topic, you should be able to describe how to interpret a cost risk simulation graph
Example S-Curve from Quantitative Cost Risk Analysis
Example Tornado Diagram
Example Decision Tree
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
After completing this topic, you should be able to demonstrate your understanding of how to perform qualitative and quantitative risk analysis for your project
After completing this topic, you should be able to demonstrate your understanding of how to perform qualitative and quantitative risk analysis for your project
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.
The fourth course covers the final three processes in the project risk management knowledge area. Plan risk responses, implement risk responses and monitor risks. You'll learn about some common risk response strategies and how to monitor and control risks as they occur.
Plan Risk Responses: Inputs, Tools & Techniques, and Outputs
Plan Risk Responses: Data Flow Diagram
After completing this topic, you should be able to identify the inputs to the Plan Risk Responses process.
After completing this topic, you should be able to identify strategies for responding to negative risks.
After completing this topic, you should be able to identify strategies for responding to positive risks.
After completing this topic, you should be able to recognize examples of using contingent response strategy.
After completing this topic, you should be able to recognize the outputs of the Plan Risk Responses process.
Implement Risk Responses: Inputs, Tools & Techniques, and Outputs
Implement Risk Responses: Data Flow Diagram
After completing this topic, you should be able to recognize the purpose of the Implement Risk Responses process.
Monitor Risks: Inputs, Tools & Techniques, and Outputs
Monitor Risks: Data Flow Diagram
After completing this topic, you should be able to identify the inputs to the Monitor Risks process.
After completing this topic, you should be able to recognize examples of risk audit outcomes.
After completing this topic, you should be able to distinguish between technical performance analysis and reserve analysis measurement criteria.
After completing this topic, you should be able to recognize appropriate risk response strategies.
After completing this topic, you should be able to recognize the outputs of the Monitor Risks process.
After completing this topic, you should be able to demonstrate your understanding of the Plan Risk Responses, Implement Risk Responses, and Monitor Risk processes.
After completing this topic, you should be able to demonstrate your understanding of the Plan Risk Responses, Implement Risk Responses, and Monitor Risk processes.
PMI Certification Info
The fourth course covers the final three processes in the project risk management knowledge area. Plan risk responses, implement risk responses and monitor risks. You'll learn about some common risk response strategies and how to monitor and control risks as they occur.
The Business Analysis Certification Program is aligned with the (Business Analysis Body of Knowledge Guide) BABOK v3 and has a total of 14 sections that are also presented as individual courses for your convenience.
At the end of the course a review would be very much appreciated. You are not required of course but, it helps me improve the course and it helps other potential students to make a choice.
In this Introduction to Business Analysis course, we're going to talk about some of the foundational concepts related to business analysis.
After completing this topic, you should be able to identify the definition of business analysis.
After completing this topic, you should be able to identify the definition of business analysis.
After completing this topic, you should be able to recognize how business analysis adds value to an organization.
Business Analysis (beyond projects)
After completing this topic, you should be able to demonstrate your understanding of the basics of business analysis.
After completing this topic, you should be able to recognize the business analysis knowledge areas.
Tools and Techniques for BOBOK Guide v3.
Relationships Between Knowledge Areas
After completing this topic, you should be able to match key terms used in business analysis with their definitions.
After completing this topic, you should be able to recognize the meaning of six core concepts within the context of business analysis.
The BACCM Model
After completing this topic, you should be able to demonstrate your understanding of the business analysis knowledge areas, key terms, and core concepts.
After completing this topic, you should be able to identify examples of project team stakeholders.
After completing this topic, you should be able to identify examples of project stakeholders who are outside the project team.
The BACCM Components
After completing this topic, you should be able to label requirements according to the business analysis classification schema.
After completing this topic, you should be able to differentiate between requirements and designs.
After completing this topic, you should be able to recognize characteristics of the requirements and design cycle.
Requirements and design concepts
After completing this topic, you should be able to practice concepts related to business analysis stakeholders, requirements and designs.
Congratulations for finishing the Introduction to Business Analysis course! We covered some of the foundational concepts related to business analysis.
In this course, we're going to begin looking at the business analysis knowledge areas, beginning with business analysis planning and monitoring.
After completing this topic, you should be able to identify planning and monitoring tasks.
The Core Concept Model in Business Analysis Planning and Monitoring
After completing this topic, you should be able to recognize the business analyst's role with regard to core concepts during planning and monitoring tasks
After completing this topic, you should be able to demonstrate your understanding of the tasks and responsibilities during BA planning and monitoring.
Business Analysis Planning and Monitoring Input/Output Diagram
After completing this topic, you should be able to recognize considerations when planning a business analysis approach.
After completing this topic, you should be able to recognize the guidelines and techniques used in planning the business analysis approach.
After completing this topic, you should be able to recognize the role of stakeholders with respect to the business analysis approach.
Plan Business Analysis Approach Input/Output Diagram
Formality and Level of Detail of Business Analysis Deliverables
After completing this topic, you should be able to recognize what's involved in planning a business analysis approach.
After completing this topic, you should be able to recognize considerations when planning stakeholder engagement.
After completing this topic, you should be able to recognize the guidelines and techniques used in planning stakeholder engagement.
After completing this topic, you should be able to recognize the role of stakeholders with respect to the stakeholder engagement approach.
Plan Stakeholder Engagement Input/Output Diagram
After completing this topic, you should be able to recognize what's involved in planning stakeholder engagement.
Plan Business Analysis Governance: Inputs and Elements
After completing this topic, you should be able to recognize the guidelines and techniques used in planning the business analysis governance approach.
After completing this topic, you should be able to recognize the roles of stakeholders in developing the business analysis governance approach.
Plan Business Analysis Governance Input/Output Diagram
After completing this topic, you should be able to recognize what's involved in planning an approach to business analysis governance.
After completing this topic, you should be able to recognize considerations when planning how to manage business analysis information.
After completing this topic, you should be able to recognize the guidelines and techniques used in planning business analysis information management.
After completing this topic, you should be able to recognize the roles of stakeholders in developing the approach to managing business analysis information.
Plan Business Analysis Information Management Input/Output Diagram
After completing this topic, you should be able to recognize what's involved in planning an approach to business analysis information management.
After completing this topic, you should be able to recognize considerations when assessing business analysis performance.
After completing this topic, you should be able to recognize techniques used to assess business analysis performance.
After completing this topic, you should be able to recognize the roles of stakeholders in identifying business analysis performance improvements.
Identify Business Analysis Performance Improvements Input/Output Diagram
After completing this topic, you should be able to recognize what's involved in identifying business analysis performance improvements.
The Business Analysis Planning and Monitoring course is aligned with the Business Analysis Body of Knowledge Guide (BABOK3), and in this course, we're going to begin looking at the business analysis knowledge areas, beginning with business analysis planning and monitoring.
In this course, we're going to examine the ongoing process of elicitation and collaboration and find out how business analysts identify and reach agreements with stakeholders on requirements.
After completing this topic, you should be able to identify tasks involved in elicitation and collaboration.
The Core Concept Model in Elicitation and Collaboration
Elicitation and Collaboration Input/Output Diagram
After completing this topic, you should be able to identify roles of the business analyst during the elicitation and collaboration process
After completing this topic, you should be able to demonstrate your understanding of the tasks and roles involved in BA elicitation and collaboration
After completing this topic, you should be able to recognise considerations when preparing for elicitation
After completing this topic, you should be able to recognise guidelines and techniques used to prepare for elicitation
After completing this topic, you should be able to distinguish between the roles of stakeholders involved in preparing for elicitation
Prepare for Elicitation Input/Output Diagram
After completing this topic, you should be able to demonstrate your understanding of the tasks, techniques, and roles involved in preparing for elicitation
After completing this topic, you should be able to recognize inputs and elements used to conduct elicitation
After completing this topic, you should be able to recognise guidelines and techniques used to conduct elicitation
After completing this topic, you should be able to distinguish between the roles of stakeholders involved in conducting elicitation
Conduct Elicitation Input/Output Diagram
After completing this topic, you should be able to demonstrate your understanding of the tasks, techniques, and roles involved in conducting elicitation
After completing this topic, you should be able to recognise inputs and elements used to confirm elicitation results
After completing this topic, you should be able to recognise guidelines and techniques used to confirm elicitation results
After completing this topic, you should be able to identify the key stakeholder in confirming elicitation results
Confirm Elicitation Results
After completing this topic, you should be able to demonstrate your understanding of the tasks, techniques, and roles involved in confirming elicitation results
After completing this topic, you should be able to recognise considerations for communicating business analysis information
After completing this topic, you should be able to recognise the guidelines and techniques used to communicate business analysis information
After completing this topic, you should be able to recognise how to work with stakeholders when communicating BA information
Communicate Business Analysis Information Input/Output Diagram
After completing this topic, you should be able to demonstrate your understanding of the tasks, techniques, and roles involved in communicating BA information
After completing this topic, you should be able to identify inputs and elements used in managing stakeholder collaboration
After completing this topic, you should be able to recognise the guidelines and techniques used in managing stakeholder collaboration
After completing this topic, you should be able to identify qualities of strong stakeholder collaboration
Manage Stakeholder Collaboration Input/Output Diagram
After completing this topic, you should be able to demonstrate your understanding of the tasks, techniques, and roles involved in managing stakeholder collaboration
In this course, we examined the ongoing process of elicitation and collaboration and find out how business analysts identify and reach agreements with stakeholders on requirements.
In this course, we're going to begin looking at the business analysis knowledge area Requirements Life Cycle Management.
After completing this topic, you should be able to describe the requirements life cycle.
Requirements Life Cycle Management Model
After completing this topic, you should be able to recognise how business analysis core concepts are applied while managing requirements
Requirements Life Cycle Management Input/Output Diagram
After completing this topic, you should be able to demonstrate your understanding of principles related to requirements life cycle management.
After completing this topic, you should be able to describe the concept of traceability
After completing this topic, you should be able to recognise issues around tracing requirements that a business analyst must consider
Process Traceability Diagram
After completing this topic, you should be able to recognize the guidelines and techniques used during the Trace Requirements task
After completing this topic, you should be able to recognise the role of stakeholders with respect to tracing requirements and designs
After completing this topic, you should be able to recognise what's involved in developing requirements traceability documentation
After completing this topic, you should be able to recognise guidelines for maintaining requirements
Maintain Requirements Input/Output Diagram
After completing this topic, you should be able to recognise how techniques are used to maintain requirements
After completing this topic, you should be able to recognise issues around the prioritisation of requirements
After completing this topic, you should be able to recognise tools and techniques used when prioritizing requirements
Prioritize Requirements Input/Output Diagram
After completing this topic, you should be able to recognise the role of stakeholders with respect to prioritizing requirements and designs
After completing this topic, you should be able to recognise what's involved in maintaining and prioritizing requirements and designs
After completing this topic, you should be able to recognize considerations a business analyst must make when assessing changes to requirements
Assess Requirements Changes Input/Output Diagram
After completing this topic, you should be able to recognize guidelines and techniques used when assessing changes to requirements
After completing this topic, you should be able to identify the outputs of the Assess Requirements Changes task
After completing this topic, you should be able to recognise a business analyst's responsibilities related to the approval of requirements
Approve Requirements Input/Output Diagram
After completing this topic, you should be able to recognise how requirements are reviewed and approved
After completing this topic, you should be able to recognise what's involved in assessing and approving requirements
In this course, we're going to begin looking at the business analysis knowledge area Requirements Life Cycle Management.
I. The Risk Management Certification Program (PMI-RMP)
Welcome to 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.
1. Planning Risk Management. We're going to learn about how to plan for risks on a project to make sure that when negative things do happen, we're ready for them.
2. Identifying Risk. Covers the inputs you need to look at in order to identify risks. And how to use several techniques, such as Data Analysis methods, like SWOT Analysis, and Assumption, and Constraint Analysis, to help you develop an effective risk register.
3. Analyzing Risk. 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.
4. The Responding to Risk covers the final three processes in the project risk management knowledge area. Plan risk responses, implement risk responses and monitor risks. You'll learn about some common risk response strategies and how to monitor and control risks as they occur.
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.
II. The Business Analysis Certification Program (IIBA - ECBA)
The Business Analysis Certification Program is aligned with the (Business Analysis Body of Knowledge Guide) BABOK version 3 and has a total of 14 sections that are also presented as individual courses for your convenience.
1. Introduction to Business Analysis. Foundational concepts related to business analysis. First we're going to look at business analysis and what it is, what a business analyst does, and some of the core concepts related to working in this field. Then we'll look at some of the key terms, such as stakeholder, requirements, and design.
2. Business Analysis Planning and Monitoring. The tasks in this knowledge area produce documents that direct you as a business analyst throughout a project. These documents include the general approach you'll take, the plan for engaging stakeholders, and how you'll manage information, and changes to the requirements.
3. Business Analysis Elicitation and Collaboration. Find out how business analysts identify and reach agreements with stakeholders on requirements. The tasks in this knowledge area describe how you as a business analyst reach a mutual understanding of various types of business analysis information with stakeholders. The activities associated with this task include workshops, surveys, and ad hoc collaboration and conversations.
4. Business Analysis and Requirements Life Cycle Management. Requirements are the foundation of all your business analysis activities. If the objective of a project is to deliver solutions that best meet requirements, then you'd best keep a close eye on those requirements and the designs that address them. So, we’ll look at what your role is in tracing and maintaining requirements and designs.
5. Business Analysis and Strategy Analysis. It covers everything from assessing the current state of operations, doing some visioning regarding a desired future state, determining what the risks are that will need to be managed, and then coming up with the best strategy for realizing the desired future state.
6. Business Analysis and RADD: Requirements Definition. This course covers the first three tasks, which involve creating a list of requirements and then verifying that they are of sufficient quality to be used for further work. And then, validating them to ensure they deliver benefits to the stakeholders, align with business goals, and align with the objectives of the change.
7. Requirements Analysis and Design Definition. Related to creating a requirements architecture. You develop a set of designs and analyze those to determine where the best value is. The final step is to develop the solution recommendation that represents the best design.
8. Business Analysis and Solution Evaluation. It involves measuring and analysing solution performance as well as identifying limitations within the solution and the enterprise that may be keeping the solution from reaching its full value potential. The final task is to recommend actions to remove the limitations and thereby increase the value of the solution.
9. Analytical Techniques Used for Business Analysis. Analytical techniques assist the business analyst to identify problems and to find solutions. This course will introduce Analysis Tools for Scoping and Planning, Models that Support Business Analysis and Analyses that Support Decision making.
10. Activities and Tools Used for Business Analysis. The categories of techniques covered in this course include idea generation and data gathering techniques that you can use with groups, such as brainstorming, collaborative games, and workshops. We'll also look at decision-making techniques, such as estimation and prioritisation.
11. Documentation and Criteria Used for Business Analysis. Some of them are glossaries and business rules you'll need, others are documents you'll create that contain business cases, use cases, and user stories. The final type of documents we'll look at contain metrics and criteria you'll use for evaluating performance and establishing requirements.
12. Business Analysis Competencies: Personal Skills. These competencies represent skills and knowledge that all business analysts should have in order to excel at their jobs. There are six categories of competencies altogether, and in this course we'll be looking at three of them: analytical thinking and problem solving, communication skills, and interaction skills.
13. Business Analysis Competencies: Professional Effectiveness. Covers behavioural characteristics such as personal accountability, trustworthiness, adaptability, and organisation and time management. We'll also look at various areas of business knowledge that are important to business analysis. Finally, we'll talk about some of the tools and technology that business analysts use on the job.
14. Business Analysis Perspectives, we'll be looking at five different perspectives from which business analysis may need to view their work. Perspectives are used within business analysis to provide focus for the tasks you will carry out. They'll also come with a set of techniques that are specific to the context of the change initiative. (HARVEL-YF0KL)
If you you want to improve your business analysis and risk management skills or to get the certifications provided by the Project Management Institute or the International Institute of Business Analysis, this course is for you.
Now, go ahead and press that "Take this course" button and see you on the inside!