Objectives and Intended Outcomes
Upon successful completion of this course participants will be able to:
- Define risk and explain how it can impact a project
- Identify the components of the risk management plan and risk register and their relationship to the project management plan
- Describe the techniques involved in risk identification and analysis
- Explain how the probability and impact of risk can be assessed and how risk events can be prioritized
- Recognize the difference between qualitative risk analysis and quantitative risk analysis and explain when either or both should be used
- Describe how to make project decisions when outcomes are complex and are affected by uncertainty
- Explain how risk planning, risk analysis, risk response planning, and risk monitoring and controlling are related
- Employ the various management responses to positive and negative risks
- Explain the Control Risks process and recognize that risks must be monitored throughout the project life cycle
This course was designed as a supplemental study guide for the major content areas of Chapter 11 of A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition. In this module, you will define the core elements of risk management, including the risk register. You will also understand how risks are identified, prioritized, quantified, and used in decision-making.
This course contains video segments of project management professionals who offer advice and best practices to learners. By submitting a question via the course's Ask the Expert link, you get access to project managers who will answer your questions within 24-48 hours.
Taking advantage of online interactivity, the course contains a vocabulary game, flashcards, and other activities to help you master the material.