Project risk management is a key responsibility of the project manager. Planning risk management means analyzing the things that can go wrong, to try and foresee how the project might be impacted. The CAPM® is an asset that will enhance your effectiveness in managing projects, as CAPM training will help prepare you for the risk management a project requires. In this course, you'll examine the two risk analysis processes of the project risk management knowledge area, namely, Perform Qualitative Risk Analysis and Perform Quantitative Risk Analysis.This course will assist learners in preparing for the PMI® PMP® certification exam.
Qualitative and Quantitative Risk Analysis
- recognize the inputs you use to perform qualitative risk analysis
- identify the tools and techniques you can use for the Perform Qualitative Risk Analysis process
- prioritize risks based on given probability and impact ratings
- recognize project documents that may need to be updated as a result of qualitative risk analysis
- recognize the inputs to the Perform Quantitative Risk Analysis process
- 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 the Perform Quantitative Risk Analysis process
- demonstrate your understanding of how to perform qualitative and quantitative risk analysis for your project
If you would like to provide feedback for this course, please e-mail the NICCS SO at NICCS@hq.dhs.gov.