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Course Outline
- Introduction to Project Risk Management
- Definitions of risk
- Pure and business risks
- Benefits of project risk management
- Project risk management processes
- Risk Management Planning
- Stakeholder risk appetite
- Elements of the risk management plan
- Risk breakdown structure
- Defining risk probability and impact scales
- Identifying Project Risks
- Brainstorming and Delphi techniques
- SWOT analysis
- Work Breakdown Structure (WBS)
- Risk register
- Qualitative Risk Analysis
- Risk probability and impact assessment
- Risk ranking within the project
- Risk urgency assessment
- Project risk score
- Quantitative Risk Analysis
- Probability distributions
- Monte Carlo simulation
- Sensitivity analysis
- Expected Monetary Value (EMV)
- Decision tree analysis
- Risk Response Strategies
- Negative risk response strategies (threats)
- Positive risk response strategies (opportunities)
- Contingency planning strategy
- Secondary and residual risks
- Implementing Responses and Monitoring Risks
- Risk audit
- Risk reviews
- Workarounds
Requirements
To apply for the PMI-RMP® Credential, you need:
- Four-year degree (bachelor’s degree or the global equivalent)
- 3,000 hours of project risk management experience
- 30 hours of project risk management education
28 Hours