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Business Project Management Risk Management

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

Planning Risk Management, Identifying Risk, Analyzing Risk and Responding to Risk by PMBOK6
Rating: 4.2 out of 54.2 (361 ratings)
1,370 students
Created by Sorin Dumitrascu
Last updated 3/2021
English
English
30-Day Money-Back Guarantee

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

5 sections • 87 lectures • 6h 11m total length

  • Welcome to YOUR course!
    01:50
  • Preview06:08
  • Preview03:36
  • Project Management Process Group and Knowledge Area Mapping
    01:58
  • Project Risk Management Overview
    00:15
  • The Risk Management Certification Program
    2 questions

  • Preview01:55
  • Plan Risk Management: Inputs, Tools & Techniques, and Outputs
    00:16
  • Understanding Project Risk
    05:40
  • Types of Project Risks
    05:27
  • Reducing the Uncertainty of Risk
    05:31
  • Understanding Risk Responses
    04:26
  • Plan Risk Management: Data Flow Diagram
    00:17
  • Inputs to Plan Risk Management
    06:16
  • Tools and Techniques to Plan Risk Management
    03:22
  • The Risk Management Plan
    06:59
  • Sample Risk Management Plan
    03:51
  • Sample Risk Breakdown Structure (RBS)
    00:01
  • The Risk Probability and Impact Matrix
    05:30
  • Example of Definitions for Probability and Impacts
    00:12
  • Example Probability and Impact Matrix with Scoring Scheme
    00:12
  • Exercise: Planning Risk Management (1)
    10:32
  • Exercise: Planning Risk Management (2)
    11:07
  • Course project (optional)
    00:22
  • Planning risk management
    01:49
  • Planning risk management
    11 questions

  • Preview01:43
  • Identify Risks: Inputs, Tools & Techniques, and Outputs
    00:15
  • Identify Risks: Data Flow Diagram
    00:14
  • Inputs to Identify Risks
    08:09
  • Document Analysis
    05:22
  • Brainstorming to Gather Data
    05:55
  • Using Interviewing to Identify Risks
    04:14
  • Using Root Cause Analysis to Identify Risks
    04:16
  • Using SWOT Analysis to Identify Risks
    05:15
  • Using Assumption and Constraint Analysis
    07:13
  • Using Checklists to Identify Risks
    04:59
  • Outputs of Identify Risks
    06:11
  • Exercises - Identifying Risk (1)
    08:49
  • Exercises - Identifying Risk (2)
    13:34
  • Course Project (optional)
    00:38
  • Identifying Risk
    01:48
  • Identifying Risk
    12 questions

  • Course Overview
    02:30
  • Perform Qualitative Risk Analysis: Inputs, Tools & Techniques, and Outputs
    00:13
  • Perform Qualitative Risk Analysis: Data Flow Diagram
    00:18
  • Inputs to Perform Qualitative Risk Analysis
    07:35
  • Qualitative Risk Analysis Tools and Techniques
    09:46
  • Risk Probability and Impact Assessment
    09:44
  • Outputs of Perform Qualitative Risk Analysis
    04:41
  • Perform Quantitative Risk Analysis: Inputs, Tools & Techniques, and Outputs
    00:14
  • Perform Quantitative Risk Analysis: Data Flow Diagram
    00:11
  • Inputs to Perform Quantitative Risk Analysis
    08:34
  • Gathering Quantitative Risk Data
    08:36
  • Representing Uncertainty
    07:52
  • Example S-Curve from Quantitative Cost Risk Analysis
    00:15
  • Sensitivity Analysis for Quantitative Data
    06:11
  • Example Tornado Diagram
    00:15
  • Decision Tree Analysis
    08:51
  • Simulations
    04:54
  • Example Decision Tree
    00:18
  • Risk Report Updates
    04:25
  • Exercise - Analyzing Risk Data (1)
    10:43
  • Exercise - Analyzing Risk Data (2)
    13:08
  • Course Project (optional)
    00:38
  • Analyzing Risk
    02:10
  • Analyzing Risk
    14 questions

  • Preview01:35
  • Plan Risk Responses: Inputs, Tools & Techniques, and Outputs
    00:13
  • Plan Risk Responses: Data Flow Diagram
    00:18
  • Inputs to Plan Risk Responses
    09:36
  • Strategies for Negative Risks or Threats
    09:38
  • Strategies for Positive Risks or Opportunities
    07:51
  • Contingency Planning
    04:16
  • Outputs of Plan Risk Responses
    05:40
  • Implement Risk Responses: Inputs, Tools & Techniques, and Outputs
    00:14
  • Implement Risk Responses: Data Flow Diagram
    00:16
  • The Implement Risk Responses Process
    07:06
  • Monitor Risks: Inputs, Tools & Techniques, and Outputs
    00:14
  • Monitor Risks: Data Flow Diagram
    00:12
  • Inputs to Monitor Risks
    07:13
  • Risk Audits
    03:45
  • Data Analysis for Monitoring Risks
    03:31
  • Determining Appropriate Risk Responses
    02:13
  • Outputs of Monitor Risks
    03:33
  • Exercise - Planning and Responding to Risks (1)
    11:22
  • Exercise - Planning and Responding to Risks (2)
    11:57
  • Course Project (optional)
    00:41
  • Responding to Risk
    01:57
  • Responding to Risk
    14 questions
  • PMI Certification Info
    00:04
  • Bonus Lecture
    00:05

Instructor

Sorin Dumitrascu
Management trainer
Sorin Dumitrascu
  • 4.2 Instructor Rating
  • 25,410 Reviews
  • 269,121 Students
  • 126 Courses

Before Udemy, Sorin developed and delivered courses on management, project management, computer literacy, human resources, career development, soft skills for employees and even corrections incidents management. 

Currently working as a consultant and program manager, he is a certified trainer and project manager, holding a master degree in International Relations and Policy Making and a bachelor degree in Law and Public Administration. 

Sorin coordinated during the last 10 years projects  in the areas of rule of law, regional development and human resources.

He has more than 10 years of middle/senior managerial experience within the civil service (justice, corrections, internal affairs, training), private sector (project management, consultancy, training) and NGO (industrial relations, rural development). 

Sorin is also a certified International Computer Driving License (ICDL) tester and trainer for the United Nations Peacekeeping Missions, certified Human Resource Professional and a Public Manager (professional degree). 

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