Risk Management for PMI Certification

Get Ready for PMI Risk Management Professional Certification Exam
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  • Lectures 32
  • Length 6.5 hours
  • Skill Level Intermediate Level
  • Languages English
  • Includes Lifetime access
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    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 6/2015 English

Course Description

This course on Project Risk Management is designed to meet the requirements of those who are interested in taking the PMI's Risk Management Professional certification .

The focus of this course is on developing skills and for this reason practice materials cover at least 6 hours of exercise and work on risk management tools and techniques, risk management documents and risk response.

This course includes more than 6 hours of video materials on:

  • Project risk management
  • Plan risk management
  • Identify risks
  • Qualitative risk analysis
  • Quantitative risk analysis
  • Plan risk response, and
  • Risk Control

After each video lecture you will have a practical activity. You will receive instructions for each exercise and, if needed, templates. This is your investment in your risk management actionable skills.

And, after each section you will have a quiz that will reinforce your knowledge on risk management and its tools and techniques.

All instructional activities will earn you a total of 12 PDUs necessary for PMI certification and credential maintenance if you already are a certified PMI Risk Management Professional or Project Management Professional.

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.

This is part of a more extensive course on Risk Management for Project Professionals, and here you will learn how to manage successfully threats and opportunities in your projects.

What are the requirements?

  • Read about projects, project management, project life cycle, organizational project management, project scope, project schedule, project costs, project quality, project human resources and project comunications

What am I going to get from this course?

  • Understand project risk management
  • Plan project risk management
  • Identify project risks
  • Perform qualitative and quantitative project risk analisys
  • Plan project risk response
  • Control project risks

What is the target audience?

  • This course is for you if you are a project worker with or without formal project management training. You will improve or gain a project risk management skills.
  • This course is for you if you are an entrepreneur, a manager, a volunteer or an innovator. Effective risk management will secure your profit, will help you manage with confidence, make you a valuable resource and help you give life to your next new brilliant idea.
  • If you took the Risk Management for Project Professionals course than you are already prepared to take the certification exam.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction to Project Risk Management
05:59

A warm welcome to students of Risk Management for PMI Certification

01:07

An overview of Udemy's options for a better learning experience.

04:18

Present the learning method of the Risk Management for Project Professionals course.

93 pages

Exercises, templates and best practices for all the practical work intended in the course.

14:23

Define Project Risk, risk attitudes and risk response. Differentiate between risks, causes and effects.

09:53

An overview of Project Risk Management:

  • Plan Risk Management
  • Identify Risks
  • Perform Qualitative Risk Analysis
  • Perform Quantitative Risk Analysis
  • Plan Risk Responses
  • Control Risks

You will learn the specific risk management templates and refresh work technique for effective learning and skill transfer.

8 questions

Understand Risk Management

Section 2: Plan Risk Management
14:21

Present the process and the overview of inputs, tools and techniques and outputs.

Present the benefits of planning risk management over the project life cycle

18:55

Present and explain the plan risk management inputs:

  • Project management plan
  • Project charter
  • Stakeholder register
  • Enterprise environmental factors
  • Organizational process assets

Discuss the use of such inputs in tools and techniques that will realise predicted output

11:41

Present and explain Plan Risk Management: Tools and Techniques:

  • Analytical techniques
  • Expert judgment
  • Meetings

Preview the tools and techniques as part of the Plan Risk Management Process.

19:36

Present and discuss plan risk structure and content:

  • Methodology
  • Roles and responsibilities
  • Budgeting
  • Timing
  • Risk categories
  • Definitions of risk probability and impact
  • Probability and impact matrix
  • Revised stakeholders' tolerances
  • Reporting formats
  • Tracking

Facilitate practice of project risk management plan by integrating all previous work.

7 questions

Plan project risk management

Section 3: Identify Risks
13:33

Present and discuss Identify Project Risks as the process of determining which risks may affect the project and documenting their characteristics.

Present and discuss the key benefits of Project Risk Identification Process.

11:36

Present and discuss the an overview of the inputs to the process of Risk Identification:

  • Risk management plan
  • Cost management plan
  • Schedule management plan
  • Quality management plan
  • Human resource management plan
  • Scope baseline
  • Activity cost estimates
  • Activity duration estimates
  • Stakeholder register
  • Project documents
  • Procurement documents
  • Enterprise environmental factors
  • Organizational process assets

Practice on identification of key participants for risk identification, process iteration and risk statement

11:35

Present and discuss tools and techniques for Risk Identification:

  • Documentation reviews
  • Information gathering techniques
  • Checklist analysis
  • Assumptions analysis
  • Diagramming techniques
  • SWOT analysis
  • Expert judgment
09:45

Present and discuss the Risk Register structure and content as output of Identify Risks process:

  • List of identified risks
  • List of potential responses
7 questions

Identify project risks

Section 4: Qualitative Analysis of Project Risks
10:13

Present and discuss the overview of the Qualitative Analysis of Project Risks process. Present and discuss the key benefits of Qualitative Analysis of Project Risk Process.

07:02

Present and discuss the inputs to Qualitative Analysis of Project Risks process and the specific relevance for this process:

  • Risk management plan
  • Scope baseline
  • Risk register
  • Enterprise environmental factors
  • Organizational process assets
16:49
  • Risk probability and impact assessment
  • Probability and impact matrix
  • Risk data quality assessment
  • Risk categorization
  • Risk urgency assessment
  • Expert judgment
Qualitative Risk Analysis: Outputs
06:47
7 questions

Perform qualitative project risk analysis

Section 5: Quantitative Analysis of Project Risks
07:05

Present and discuss the Quantitative Risk Analysis process and the specific benefits in terms of decision making. Introduce main tools and techniques.

10:27

Present and discuss the inputs to Perform Qualitative Analysis of Project Risks process:

  • Risk management plan
  • Cost management plan
  • Schedule management plan
  • Risk register
  • Enterprise environmental factors
  • Organizational process assets
16:37

Data Gathering and Representation Techniques

  • Interviewing
  • Probability distributions

Quantitative Risk Analysis and Modeling Techniques

  • Sensitivity analysis
  • Expected monetary value analysis
  • Modeling and simulation
  • Expert judgment
07:24

Present, discuss and practice Project Documents Updates resulted from Qualitative Analysis of Project Risks:

  • Probabilistic analysis of the project
  • Probability of achieving cost and time objectives
  • Prioritized list of quantified risks
  • Trends in quantitative risk analysis results
7 questions

Perform quantitative project risk analysis.

Section 6: Risk Response
08:04

Provide an overview of the Plan Risk Response Process and of the benefits of applying the specific tools and techniques.

08:42

Present and discuss inputs to Plan Risk Response process:

  • Risk management plan
  • Risk register

Practice the specific use of referred inputs to the process.

14:49

Present and discuss tools and techniques of Plan Risk Response process:

  • Strategies for Negative Risks or Threats
  • Strategies for Positive Risks or Opportunities
  • Contingent Response Strategies
  • Expert Judgment
05:33

Present, discuss and practice Project Management Plan Updates and Project Documents Updates.

9 questions

Plan project risk response

Section 7: Risk Control
08:06

Present and discuss Risk Control Process in implementing risk response plans, tracking identified risks, monitoring residual risks, identifying new risks, and evaluating risk process effectiveness and the process.

To determine if:

  • Project assumptions are still valid,
  • Analysis shows an assessed risk has changed or can be retired,
  • Risk management policies and procedures are being followed, and
  • Contingency reserves for cost or schedule should be modified in alignment with the current risk assessment.
06:40

Present and discuss inputs to Risk Control process:

  • Project management plan
  • Risk register
  • Work performance data
  • Work performance reports
15:10

Present and discuss Risk Control Tools and Techniques:

  • Risk reassessment
  • Risk audits
  • Variance and trend analysis
  • Technical performance measurement
  • Reserve analysis
  • Meetings
07:03

Present, discuss and practice Project Management Plan Updates and Project Documents Updates.

6 questions

Control project risks

Section 8: Conclusion
05:32

A revision of the risk management processes and aquired skills.

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Instructor Biography

Sorin Dumitrascu, Management trainer

Before Udemy, Sorin developed and delivered more than 20 courses on management, project management, computer literacy, human resources, career development, soft skills for employees and even corrections incidents management.

Currently working as a prison service consultant, 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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