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Updated in [August 18th, 2023]
Skills and Knowledge:
Upon completion of the course on Analyzing Risk, participants will have acquired the skills and knowledge to: recognize the inputs used to perform qualitative risk analysis, identify the tools and techniques used 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 to be gathered 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 typically updated as a result of the Perform Quantitative Risk Analysis process, and demonstrate understanding of how to perform qualitative and quantitative risk analysis for a project.
Professional Growth:
This course on Analyzing Risk contributes to professional growth by providing learners with the necessary skills and knowledge to perform qualitative and quantitative risk analysis for their projects. Learners will gain an understanding of the inputs used to perform qualitative risk analysis, the tools and techniques used for the Perform Qualitative Risk Analysis process, how to prioritize risks based on probability and impact ratings, and how to calculate the expected monetary value of a risk. Additionally, learners will be able to recognize project documents that may need to be updated as a result of qualitative risk analysis, identify the four common types of continuous distribution, and interpret a cost risk simulation graph. Upon completion of the course, learners will have the necessary skills and knowledge to become a certified PMI Risk Management Professional or Project Management Professional.
Further Education:
This course on Analyzing Risk is suitable for preparing further education as it is part of a series of courses that together form the Risk Management Certification Program (PMI-RMP). The Program is PMBOK6 aligned and includes the courses on Identifying Risk, Analyzing Risk and Responding to Risk. The instructional activities will earn the necessary credits for PMI certification and credential maintenance if the student is already a certified PMI Risk Management Professional or Project Management Professional. The course also provides the necessary skills and knowledge for project professionals to improve their risk management skills, as well as for entrepreneurs, students, and managers to learn and develop risk management skills.
Course Syllabus
Analyzing Risk