Course Category

Project Risk Management (Fourth Edition) - Online

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), Fourth Edition. In this course, 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 is Module 9 of the Project Management - PMP® Exam Prep Course (Fourth Edition)

This is an asynchronous eLearning course that can be accessed 24/7 from any internet enabled computer.

• Define risk and explain how it can impact a project
• Understand the components of the risk management plan and risk register and their relationship to the project management plan
• Understand 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
• Understand the difference between qualitative risk analysis and quantitative risk analysis and explain when either or both should be used
• Understand 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
• Understand the various management responses to positive and negative risks
• Explain the Monitor and Control Risks process and understand that risks must be monitored throughout the project life cycle