Risk Management for Project Professionals
4.2 (84 ratings)
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Risk Management for Project Professionals

The Complete Project Management Risk Course. Get certified and develop actionable risk management skills.
4.2 (84 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,592 students enrolled
Created by Sorin Dumitrascu
Last updated 3/2017
English
Current price: $10 Original price: $200 Discount: 95% off
1 day left at this price!
30-Day Money-Back Guarantee
Includes:
  • 7 hours on-demand video
  • 1 Article
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • 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
View Curriculum
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
Description

This course on Risk Management is designed to meet the requirements of project professionals and of those of you who are interested in taking the PMI Certification exams such us Risk management professional.

The focus of this course is on developing skills and for this reason practice materials cover at least 15 hours of exercise and work on risk management tools and techniques, risk management documents and risk response.

This course on Risk Management for Project Professionals includes more than 7 hours of video materials on:

  1. Project management (overview)
  2. Project risk management
  3. Plan risk management
  4. Identify risks
  5. Qualitative risk analysis
  6. Quantitative risk analysis
  7. Plan risk response, and
  8. 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 24 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.

You will learn how to manage successfully threats and opportunities in your projects.

Who 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.
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Curriculum For This Course
Expand All 45 Lectures Collapse All 45 Lectures 08:42:16
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Introduction to the course
6 Lectures 21:50

A warm welcome to students of Risk Management for Project Professionals

Preview 05:59

Advice on using Udemy for this course.

Better Learning Experience
01:07

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

Course Method
04:18

Present the general framework of the Project Management course and specific interactions.

Course Content
06:18

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

Student Workbook
04:08

Student WorkBook (pdf)

Student WorkBook (pdf)
93 pages

Understanding project risk management.

Introduction to the course
4 questions
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Project Management (Overview)
10 Lectures 01:47:33

Provide a brief introduction in project management, defining:

  • projects
  • project management
  • project life cycle
  • project phases
  • project processes
  • project knowledge areas

Make the connections with project risk management and encourage participants to build on their project idea

Preview 16:27

Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

  • Project Integration Management
Guide participants using templates and specific tools and techniques to the realization of at least the outline of the
  • Project charter
  • Project management plan
These documents will give the necessary minimum development of the project idea.
Project Integration Management
09:42

Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

  • Project Scope Management

Guide participants using templates and specific tools and techniques to the realisation of at least the outlines of the

  • Project management plan
  • Change request
  • Project scope statement
  • WBS

These documents will give the necessary minimum development of the project idea.

Project Scope Management
10:28

Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

  • Project Time Management

Guide participants using templates and specific tools and techniques to the realisation of at least the outlinesof the

  • Project Schedule

These documents will give the necessary minimum development of the project idea.

Project Time Management
16:26

Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

  • Project Cost Management

Guide participants using templates and specific tools and techniques to the realisation of at least the outlinesof the

  • Project Budget

These documents will give the necessary minimum development of the project idea.

Project Cost Management
07:45

Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

  • Project Quality Management

Guide participants using templates and specific tools and techniques to the realisation of at least the outlinesof the

  • Plan Quality Management

These documents will give the necessary minimum development of the project idea.

Project Quality Management
10:20

Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

  • Project Human Resources Management

Guide participants using templates and specific tools and techniques to the realisation of at least the outlinesof the

  • Project human resource plan

These documents will give the necessary minimum development of the project idea.

Project Human Resources Management
08:04

Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

  • Project Communications Management

Guide participants using templates and specific tools and techniques to the realisation of at least the outlinesof the

  • Project communications plan

These documents will give the necessary minimum development of the project idea

Project Communications Management
07:15

Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

  • Project Procurement Management

Guide participants using templates and specific tools and techniques to the realisation of at least the outlinesof the

  • Conduct Procurements

These documents will give the necessary minimum development of the project idea.

Project Procurement Management
12:38

Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

  • Project Stakeholder Management

Guide participants using templates and specific tools and techniques to the realisation of at least the outlinesof the

  • Identify Stakeholders

These documents will give the necessary minimum development of the project idea.

Project Stakeholder Management
08:28

Understanding projects and project management

Project Management
12 questions
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Project Risk Management
2 Lectures 24:16

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

Project Risks
14:23

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.

Preview 09:53

Understanding Project Risk Management

Project Risk Management
8 questions
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Plan Risk Management
4 Lectures 01:04:33

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

Plan Risk Management
14:21

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

Plan Risk Management: Inputs
18:55

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.

Plan Risk Management: Tools and Techniques
11:41

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.

Plan Risk Management: Outputs
19:36

Plan Project Risk Management

Plan Project Risk Management
8 questions
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Identify Risks
4 Lectures 46:29

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.

Identify Project Risks Process
13:33

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

Identify Risks: Inputs
11:36

Present and discuss tools and techniques for Risk Identification:

  • Documentation reviews
  • Information gathering techniques
  • Checklist analysis
  • Assumptions analysis
  • Diagramming techniques
  • SWOT analysis
  • Expert judgment
Identify Risks: Tools and Techniques
11:35

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

  • List of identified risks
  • List of potential responses
Identify Risks: Outputs
09:45

Identify Project Risks

Identify Project Risks
8 questions
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Qualitative Analysis of Project Risks
4 Lectures 40:51

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.

Qualitative Risk Analysis Process
10:13

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
Qualitative Risk Analysis: Inputs
07:02

  • Risk probability and impact assessment
  • Probability and impact matrix
  • Risk data quality assessment
  • Risk categorization
  • Risk urgency assessment
  • Expert judgment
Preview 16:49

Present and discuss the necessary Project Documents Updates resulted from Qualitative Risk Analysis:

  • Risk register updates
  • Assumptions log updates
  • Practice project Document Updates.
Qualitative Risk Analysis: Outputs
06:47

Perform Project Risks Analysis

Qualitative Analysis of Project Risks
7 questions
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Quantitative Analysis of Project Risks
4 Lectures 41:33

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

Quantitative Risk Analysis Process
07:05

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
Quantitative Risk Analysis: Inputs
10:27

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
Quantitative Risk Analysis: Tools and Techniques
16:37

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
Quantitative Risk Analysis: Outputs
07:24

Perform Project Risk Analysis

Quantitative Analysis of Project Risks
7 questions
+
Risk Response
4 Lectures 37:08

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

Preview 08:04

Present and discuss inputs to Plan Risk Response process:

  • Risk management plan
  • Risk register

Practice the specific use of referred inputs to the process.

Plan Risk Response: Inputs
08:42

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
Risk Response: Tools and Techniques
14:49

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

Risk Response: Outputs
05:33

Plan Project Risk Response

Risk Response
9 questions
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Risk Control
4 Lectures 36:59

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.
Risk Control Process
08:06

Present and discuss inputs to Risk Control process:

  • Project management plan
  • Risk register
  • Work performance data
  • Work performance reports
Risk Control: Inputs
06:40

Present and discuss Risk Control Tools and Techniques:

  • Risk reassessment
  • Risk audits
  • Variance and trend analysis
  • Technical performance measurement
  • Reserve analysis
  • Meetings
Risk Control: Tools and Techniques
15:10

Present and discuss outputs of Risk Control process:

  • Work performance information
  • Change requests
  • Project management plan updates
  • Project documents updates
  • Organizational process assets updates
Risk Control: Outputs
07:03

Control Project Risks

Risk Control
6 questions
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Conclusion
3 Lectures 08:40

A revision of the risk management processes and aquired skills.

New Skills, New Steps
05:32

More courses - 90% Discount

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00:32

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Preview 02:36
About the Instructor
Sorin Dumitrascu
4.5 Average rating
1,634 Reviews
20,278 Students
36 Courses
Management trainer

Before Udemy, Sorin developed and delivered 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).