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 4 Major topics:
Expected Monetary Value
Decision Tree Concept
Contingency reserve calculations.
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.
Click the “Take this course “button and let’s start some useful risk calculations.
In this lecture you will be familiar with Major terms in risk management , Threat , Opportunity , Risk Seeker , Reserves and more
Once this lecture is completed , you will be able to differentiate between the Qualitative and Quantitative risk analysis processes.
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.
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.
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.
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 .
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 .
Shadi Al Shaer is PMP Certified Project Manager and instructor with more than 8 years’ experience in doing management activities specially in the construction projects and managing projects on different scales. Electrical Engineer who was graduated with a very good degree from the University of Jordan at 2008 which is one of the top 10 universities in the middle east, Passionate to any business idea which can be implemented online! Started his career with one of the leading Multinational construction companies in the world, recently he is a Project Manager with one of the most esteem real estate firms in Saudi Arabia, as a side business and because of his passion for teaching he is doing trainings in Project Management , Risk Management and Projects in Controlled Environment .
Being an electromechanical engineer working in the management field with a great passion of online business has made of Shadi the person of who is today teaching all above mentioned courses, he is the founder of elite minds website which is serving professionals seeking to have international certificates, the website contains Articles , study notes , free resources and a lot of valuable data ,it is a great reference for students in Management and business fields in addition to all professionals looking to improve their careers.
Instructor Certificates :
1. Project Management Professional , PMP® #1955425
2. Risk Management Professional , PMI-RMP® #1982971
For more information about the instructor you can contact him directly.