Defining and Identifying Project Risk (2021 Update)

PMI Project Management Professional 2021 Update    |    Everyone
  • 13 videos | 54m 29s
  • Includes Assessment
  • Earns a Badge
  • Certification CPE
  • Certification PMI PDU
Rating 4.5 of 264 users Rating 4.5 of 264 users (264)
Managing risks means preparing ahead of time for all the things that could happen, good or bad. If you're responsible for project management, it's necessary to identify risks so that you can make a plan to deal with them. Project risk management improves the chance of project success enormously. In this course, you'll explore risk identification, including its attendant threats and opportunities and its probability and impact. You'll learn about establishing a risk threshold and risk tolerance based upon project assumptions and constraints. You'll also learn the value of root cause analysis and SWOT analysis when defining your project's risk appetite.

WHAT YOU WILL LEARN

  • Discover the key concepts covered in this course
    Define what is meant by project risk
    Recognize examples of project risk
    Identify three factors about a risk you need to determine in order to reduce uncertainty
    Identify the tools and techniques used for planning risk management
    Distinguish between the three risk ratings in an ordinal scale
    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

IN THIS COURSE

  • 41s
    After completing this video, you will be able to discover the key concepts covered in this course. FREE ACCESS
  • 4m 51s
    After completing this video, you will be able to define what is meant by project risk. FREE ACCESS
  • Locked
    3.  Examples of Project Risks
    5m
    After completing this video, you will be able to recognize examples of project risk. FREE ACCESS
  • Locked
    4.  Risk and Uncertainty
    4m 51s
    After completing this video, you will be able to identify three factors about a risk you need to determine in order to reduce uncertainty. FREE ACCESS
  • Locked
    5.  Tools and Techniques for Planning Risk Management
    2m 43s
    After completing this video, you will be able to identify the tools and techniques used for planning risk management. FREE ACCESS
  • Locked
    6.  Risk Probability and Impact
    5m 15s
    After completing this video, you will be able to distinguish between the three risk ratings in an ordinal scale. FREE ACCESS
  • Locked
    7.  Document Analysis and Risk Identification
    4m 28s
    After completing this video, you will be able to identify activities that should be part of a document analysis to identify project risks. FREE ACCESS
  • Locked
    8.  Data Gathering and Brainstorming
    5m 2s
    After completing this video, you will be able to identify guidelines for conducting a brainstorming session to identify project risks. FREE ACCESS
  • Locked
    9.  Interviews and Risk Identification
    3m 33s
    After completing this video, you will be able to recognize when interviewing is a good method for gathering risk information. FREE ACCESS
  • Locked
    10.  Risk Identification Using Root Cause Analysis
    3m 40s
    After completing this video, you will be able to match types of causes of project risk with examples. FREE ACCESS
  • Locked
    11.  SWOT Analysis as a Risk Identification Tool
    4m 28s
    After completing this video, you will be able to categorize items that would be used to perform a SWOT analysis. FREE ACCESS
  • Locked
    12.  Assumption and Constraint Analysis
    6m 3s
    After completing this video, you will be able to identify the questions that would be asked during an assumption and constraint analysis. FREE ACCESS
  • Locked
    13.  Checklists and Risk Identification
    3m 54s
    After completing this video, you will be able to identify two documents you may gather information from when using checklists to identify risks. 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

Rating 4.7 of 7 users Rating 4.7 of 7 users (7)
Rating 4.5 of 177 users Rating 4.5 of 177 users (177)
Rating 4.5 of 188 users Rating 4.5 of 188 users (188)

PEOPLE WHO VIEWED THIS ALSO VIEWED THESE

Rating 4.2 of 347 users Rating 4.2 of 347 users (347)
Rating 4.5 of 865 users Rating 4.5 of 865 users (865)