Performing Risk Analysis (2021 Update)
PMI Project Management Professional 2021 Update
| Everyone
- 9 videos | 46m 1s
- Includes Assessment
- Earns a Badge
- CPE
- PMI PDU
Project risk management is a key responsibility of the project manager. It requires qualitative and quantitative risk analysis in order to assess risk probability and impact in order to prepare for and mitigate against factors that can derail the project. In this course, you'll explore using tools like a probability and impact matrix, risk categorization, and risk urgency assessments to define potential risks. You'll also learn about data gathering and representation techniques for risk modeling, including decision trees, tornado diagrams, and expected monetary value (EMV).
WHAT YOU WILL LEARN
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Discover the key concepts covered in this course
Identify the tools and techniques you can use when performing qualitative risk analysis
Prioritize risks based on given probability and impact ratings
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 performing quantitative risk analysis
IN THIS COURSE
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31sAfter completing this video, you will be able to discover the key concepts covered in this course. FREE ACCESS
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8m 21sAfter completing this video, you will be able to identify the tools and techniques you can use when performing qualitative risk analysis. FREE ACCESS
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3. Probability and Impact Assessment5m 50sAfter completing this video, you will be able to prioritize risks based on given probability and impact ratings. FREE ACCESS
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4. Data Gathering for Quantitative Risk Analysis7m 10sAfter completing this video, you will be able to recognize examples of information you should gather about risks during an interview. FREE ACCESS
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5. Uncertainty and Continuous Distribution6m 31sAfter completing this video, you will be able to identify the four common types of continuous distribution. FREE ACCESS
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6. Sensitivity Analysis for Quantitative Risk Analysis4m 39sAfter completing this video, you will be able to identify the purpose of sensitivity analysis. FREE ACCESS
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7. Decision Trees for Quantitative Risk Analysis6m 23sAfter completing this video, you will be able to calculate the expected monetary value of a risk. FREE ACCESS
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8. Risk Simulations3m 33sAfter completing this video, you will be able to describe how to interpret a cost risk simulation graph. FREE ACCESS
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9. Updates to the Risk Report3m 5sAfter completing this video, you will be able to identify the sections of the risk report you typically update as a result of performing quantitative risk analysis. FREE ACCESS
EARN A DIGITAL BADGE WHEN YOU COMPLETE THIS COURSE
Skillsoft is providing you the opportunity to earn a digital badge upon successful completion on some of our courses, which can be shared on any social network or business platform.
Digital badges are yours to keep, forever.YOU MIGHT ALSO LIKE
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