The Risk Management Certification Program (PMI-RMP) (PMBOK6)
4.2 (268 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.
1,015 students enrolled

The Risk Management Certification Program (PMI-RMP) (PMBOK6)

Planning Risk Management, Identifying Risk, Analyzing Risk and Responding to Risk by PMBOK6
4.2 (268 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.
1,015 students enrolled
Created by Sorin Dumitrascu
Last updated 5/2020
English
English
Current price: $139.99 Original price: $199.99 Discount: 30% off
5 hours left at this price!
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This course includes
  • 6 hours on-demand video
  • 28 articles
  • 116 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Define what is meant by project risk
  • Recognize examples of project risk
  • Identify the three risk factors needed to reduce uncertainty
  • Recognize examples of common risk responses
  • Match the inputs to planning risk management with the information they provide
  • Identify the tools and techniques used for the Plan Risk Management process
  • Identify sections you should include in a risk management plan
  • Match elements of the risk management plan with examples
  • Distinguish between the three risk ratings in an ordinal scale
  • Demonstrate your understanding of the Plan Risk Management process
  • Identify the inputs to the Identify Risks process
  • Identify activities that should be part of a document analysis to identify project risks
  • Identify guidelines for conducting a brainstorming session to identify project risks
  • Recognize when interviewing is a good method for gathering risk information
  • Match types of causes of project risk with examples
  • Categorize items that would be used to perform a SWOT analysis
  • Identify the questions that would be asked during an assumption and constraint analysis
  • Identify two documents you may gather information from when using checklists to identify risks
  • Identify the outputs of the Identify Risks process
  • Demonstrate your understanding of the Identify Risks project management process
  • 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
  • Identify the inputs to the Plan Risk Responses process
  • Identify strategies for responding to negative risks
  • Recognize examples of using contingent response strategy
  • Recognize the outputs of the Plan Risk Responses process
  • Recognize the purpose of the Implement Risk Responses process
  • Identify the inputs to the Monitor Risks process
  • Recognize examples of risk audit outcomes
  • Distinguish between technical performance analysis and reserve analysis measurement criteria
  • Recognize appropriate risk response strategies
  • Recognize the outputs of the Monitor Risks process
  • Demonstrate your understanding of the Plan Risk Responses, Implement Risk Responses, and Monitor Risk processes
Requirements
  • General project management knowledge and abilities are a plus but not required
Description

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.

In the Planning Risk Management section of this program on the project risk management knowledge area 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.

The 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.

In the Analyzing Risk section, 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 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.

So, 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 all 86 lectures 06:09:59
+ The Risk Management Certification Program
4 lectures 11:57

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

Project Management Process Group and Knowledge Area Mapping

Project Management Process Group and Knowledge Area Mapping
01:58

Project Risk Management Overview

Project Risk Management Overview
00:15

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 Ri

The Risk Management Certification Program
2 questions
+ Planning Risk Management (PMBOK6 Aligned)
19 lectures 01:13:47

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.

Preview 01:55

Plan Risk Management: Inputs, Tools & Techniques, and Outputs

Plan Risk Management: Inputs, Tools & Techniques, and Outputs
00:16

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.

Understanding Project Risk
05:40

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.

Types of Project Risks
05:27

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.

Reducing the Uncertainty of Risk
05:31

Risk management has two central roles, reducing uncertainty about identified risks, and determining appropriate responses for when risk events do occur.

Understanding Risk Responses
04:26

Plan Risk Management: Data Flow Diagram

Plan Risk Management: Data Flow Diagram
00:17

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.

Inputs to Plan Risk Management
06:16

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. 

Tools and Techniques to Plan Risk Management
03:22

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
06:59

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 Management Plan
03:51

Sample Risk Breakdown Structure (RBS)

Sample Risk Breakdown Structure (RBS)
00:01

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. 

The Risk Probability and Impact Matrix
05:30

Example of Definitions for Probability and Impacts

Example of Definitions for Probability and Impacts
00:12

Example Probability and Impact Matrix with Scoring Scheme

Example Probability and Impact Matrix with Scoring Scheme
00:12

In this exercise, you'll demonstrate your ability to effectively manage potential risks by planning ahead and assessing their impact, probability, and cause. 

Exercise: Planning Risk Management (1)
10:32

In this exercise, you'll demonstrate your ability to effectively manage potential risks by planning ahead and assessing their impact, probability, and cause. 

Exercise: Planning Risk Management (2)
11:07

Course project (optional)

Course project (optional)
00:22

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.

Planning risk management
01:49

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.

Planning risk management
11 questions
+ Identifying Risk (PMBOK6 Aligned)
16 lectures 01:18:36

In the second course you're going to learn what inputs you need to look at in order to identify risks.

Preview 01:43

Identify Risks: Inputs, Tools & Techniques, and Outputs

Identify Risks: Inputs, Tools & Techniques, and Outputs
00:15

Identify Risks: Data Flow Diagram

Identify Risks: Data Flow Diagram
00:14

After completing this topic, you should be able to identify the inputs to the Identify Risks process.

Inputs to Identify Risks
08:09

After completing this topic, you should be able to identify activities that should be part of a document analysis to identify project risks

Document Analysis
05:22

After completing this topic, you should be able to identify guidelines for conducting a brainstorming session to identify project risks.

Brainstorming to Gather Data
05:55

After completing this topic, you should be able to recognize when interviewing is a good method for gathering risk information

Using Interviewing to Identify Risks
04:14

After completing this topic, you should be able to match types of causes of project risk with examples.

Using Root Cause Analysis to Identify Risks
04:16

After completing this topic, you should be able to categorize items that would be used to perform a SWOT analysis

Using SWOT Analysis to Identify Risks
05:15

After completing this topic, you should be able to identify the questions that would be asked during an assumption and constraint analysis

Using Assumption and Constraint Analysis
07:13

After completing this topic, you should be able to identify two documents you may gather information from when using checklists to identify risks

Using Checklists to Identify Risks
04:59

After completing this topic, you should be able to identify the outputs of the Identify Risks process 

Outputs of Identify Risks
06:11

After completing this topic, you should be able to demonstrate your understanding of the Identify Risks project management process

Exercises - Identifying Risk (1)
08:49

After completing this topic, you should be able to demonstrate your understanding of the Identify Risks project management process

Exercises - Identifying Risk (2)
13:34

Course Project (optional)

Course Project (optional)
00:38

In the second course you're going to learn what inputs you need to look at in order to identify risks.

Identifying Risk
01:48

In the second course you're going to learn what inputs you need to look at in order to identify risks. 

Identifying Risk
12 questions
+ Analyzing Risk (PMBOK6 Aligned)
23 lectures 01:52:05

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.

Course Overview
02:30

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

Example S-Curve from Quantitative Cost Risk Analysis

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

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

Sensitivity Analysis for Quantitative Data
06:11

Example Tornado Diagram

Example Tornado Diagram
00:15

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 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)

Course Project (optional)
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
14 questions
+ Responding to Risk (PMBOK6 Aligned)
24 lectures 01:33:33

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.

Preview 01:35

Plan Risk Responses: Inputs, Tools & Techniques, and Outputs

Plan Risk Responses: Inputs, Tools & Techniques, and Outputs
00:13

Plan Risk Responses: Data Flow Diagram

Plan Risk Responses: Data Flow Diagram
00:18

After completing this topic, you should be able to identify the inputs to the Plan Risk Responses process.

Inputs to Plan Risk Responses
09:36

After completing this topic, you should be able to identify strategies for responding to negative risks.

Strategies for Negative Risks or Threats
09:38

After completing this topic, you should be able to identify strategies for responding to positive risks.

Strategies for Positive Risks or Opportunities
07:51

After completing this topic, you should be able to recognize examples of using contingent response strategy.

Contingency Planning
04:16

After completing this topic, you should be able to recognize the outputs of the Plan Risk Responses process.

Outputs of Plan Risk Responses
05:40

Implement Risk Responses: Inputs, Tools & Techniques, and Outputs

Implement Risk Responses: Inputs, Tools & Techniques, and Outputs
00:14

Implement Risk Responses: Data Flow Diagram

Implement Risk Responses: Data Flow Diagram
00:16

After completing this topic, you should be able to recognize the purpose of the Implement Risk Responses process.

The Implement Risk Responses Process
07:06

Monitor Risks: Inputs, Tools & Techniques, and Outputs

Monitor Risks: Inputs, Tools & Techniques, and Outputs
00:14

Monitor Risks: Data Flow Diagram

Monitor Risks: Data Flow Diagram
00:12

After completing this topic, you should be able to identify the inputs to the Monitor Risks process.

Inputs to Monitor Risks
07:13

After completing this topic, you should be able to recognize examples of risk audit outcomes.

Risk Audits
03:45

After completing this topic, you should be able to distinguish between technical performance analysis and reserve analysis measurement criteria.

Data Analysis for Monitoring Risks
03:31

After completing this topic, you should be able to recognize appropriate risk response strategies.

Determining Appropriate Risk Responses
02:13

After completing this topic, you should be able to recognize the outputs of the Monitor Risks process.

Outputs of Monitor Risks
03:33

After completing this topic, you should be able to demonstrate your understanding of the Plan Risk Responses, Implement Risk Responses, and Monitor Risk processes.

Exercise - Planning and Responding to Risks (1)
11:22

After completing this topic, you should be able to demonstrate your understanding of the Plan Risk Responses, Implement Risk Responses, and Monitor Risk processes.

Exercise - Planning and Responding to Risks (2)
11:57

Course Project (optional)

Course Project (optional)
00:41

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.

Responding to Risk
01:57

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.

Responding to Risk
14 questions

PMI Certification Info

PMI Certification Info
00:04

More courses at discounted price

Bonus Lecture
00:05