Performing Risk Analysis (2021 Update)

PMI Project Management Professional 2021 Update    |    Everyone
  • 9 videos | 46m 1s
  • Includes Assessment
  • Earns a Badge
  • Certification CPE
  • Certification PMI PDU
Rating 4.5 of 194 users Rating 4.5 of 194 users (194)
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

  • 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

  • 31s
    After completing this video, you will be able to discover the key concepts covered in this course. FREE ACCESS
  • 8m 21s
    After completing this video, you will be able to identify the tools and techniques you can use when performing qualitative risk analysis. FREE ACCESS
  • Locked
    3.  Probability and Impact Assessment
    5m 50s
    After 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 Analysis
    7m 10s
    After 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 Distribution
    6m 31s
    After 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 Analysis
    4m 39s
    After 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 Analysis
    6m 23s
    After completing this video, you will be able to calculate the expected monetary value of a risk. FREE ACCESS
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    8.  Risk Simulations
    3m 33s
    After 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 Report
    3m 5s
    After 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.

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