4.27 out of 5
4.27
326 reviews on Udemy

Risk Management for Project Professionals (PMBOK6 Updated)

The Complete Project Management Risk Course. Get certified and develop actionable risk management skills.
Instructor:
Sorin Dumitrascu
2,960 students enrolled
English [Auto-generated]
Understand project risk management
Plan project risk management
Identify project risks
Perform qualitative and quantitative project risk analisys
Plan project risk response
Control project risks

This course on Risk Management is designed to meet the requirements of project professionals and of those of you who are interested in taking the PMI Certification exams such us Risk management professional.

The focus of this course is on developing skills and for this reason practice materials cover at least 15 hours of exercise and work on risk management tools and techniques, risk management documents and risk response. 

This course on Risk Management for Project Professionals includes more than 15 hours of video materials on: 

  1. Project management (overview)

  2. Project risk management

  3. Plan risk management

  4. Identify risks

  5. Qualitative risk analysis

  6. Quantitative risk analysis

  7. Plan risk response, and

  8. Risk Control

After each video lecture you will have a practical activity. You will receive instructions for each exercise and, if needed, templates. This is your investment in your risk management actionable skills

And, after each section you will have a quiz that will reinforce your knowledge on risk management and its tools and techniques. 

All instructional activities will earn you the necessary for PMI certification and credential maintenance if you already are a certified PMI Risk Management Professional or Project Management Professional. 

If you are a project professional and you want to improve your risk management skills, this course is for you. If you are an entrepreneur, a student, a manager or, you just want to learn and develop risk management skills, this course is for you. 

So, you will learn how to manage successfully threats and opportunities in your projects. Now, go ahead and press that “Take this course” button and see you on the inside! 

Introduction to the course

1
Welcome!

    A warm welcome to students of Risk Management for Project Professionals

    2
    Better Learning Experience

    Advice on using Udemy for this course.

    3
    Course Method

    Present the learning method of the Risk Management for Project Professionals course.

    4
    Course Content

    Present the general framework of the Project Management course and specific interactions.

    5
    Student Workbook

    Exercises, templates and best practices for all the practical work intended in the course.

    6
    Student WorkBook (pdf)

    Student WorkBook (pdf)

    7
    Introduction to the course

    Understanding project risk management.

    Project Management (Overview)

    1
    Project Management

    Provide a brief introduction in project management, defining:

    • projects
    • project management
    • project life cycle
    • project phases
    • project processes
    • project knowledge areas

    Make the connections with project risk management and encourage participants to build on their project idea

    2
    Project Integration Management

    Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

    • Project Integration Management
    Guide participants using templates and specific tools and techniques to the realization of at least the outline of the
    • Project charter
    • Project management plan
    These documents will give the necessary minimum development of the project idea.
      3
      Project Scope Management

      Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

      • Project Scope Management

      Guide participants using templates and specific tools and techniques to the realisation of at least the outlines of the

      • Project management plan
      • Change request
      • Project scope statement
      • WBS

      These documents will give the necessary minimum development of the project idea.

      4
      Project Time Management

      Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

      • Project Time Management

      Guide participants using templates and specific tools and techniques to the realisation of at least the outlinesof the

      • Project Schedule

      These documents will give the necessary minimum development of the project idea.

      5
      Project Cost Management

      Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

      • Project Cost Management

      Guide participants using templates and specific tools and techniques to the realisation of at least the outlinesof the

      • Project Budget

      These documents will give the necessary minimum development of the project idea.

      6
      Project Quality Management

      Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

      • Project Quality Management

      Guide participants using templates and specific tools and techniques to the realisation of at least the outlinesof the

      • Plan Quality Management

      These documents will give the necessary minimum development of the project idea.

      7
      Project Human Resources Management

      Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

      • Project Human Resources Management

      Guide participants using templates and specific tools and techniques to the realisation of at least the outlinesof the

      • Project human resource plan

      These documents will give the necessary minimum development of the project idea.

        8
        Project Communications Management

        Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

        • Project Communications Management

        Guide participants using templates and specific tools and techniques to the realisation of at least the outlinesof the

        • Project communications plan

        These documents will give the necessary minimum development of the project idea

          9
          Project Procurement Management

          Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

          • Project Procurement Management

          Guide participants using templates and specific tools and techniques to the realisation of at least the outlinesof the

          • Conduct Procurements

          These documents will give the necessary minimum development of the project idea.

          10
          Project Stakeholder Management

          Provide an overview of the most relevant inputs, tools and techniques and outputs for the following knowledge areas:

          • Project Stakeholder Management

          Guide participants using templates and specific tools and techniques to the realisation of at least the outlinesof the

          • Identify Stakeholders

          These documents will give the necessary minimum development of the project idea.

          11
          Project Management

          Understanding projects and project management

          Project Risk Management

          1
          Project Risks

          Define Project Risk, risk attitudes and risk response. Differentiate between risks, causes and effects.

          2
          Project Risk Management

          An overview of Project Risk Management:

          • Plan Risk Management
          • Identify Risks
          • Perform Qualitative Risk Analysis
          • Perform Quantitative Risk Analysis
          • Plan Risk Responses
          • Control Risks

          You will learn the specific risk management templates and refresh work technique for effective learning and skill transfer.

          3
          Project Risk Management

          Understanding Project Risk Management

          Plan Risk Management

          1
          Plan Risk Management

          Present the process and the overview of inputs, tools and techniques and outputs.

          Present the benefits of planning risk management over the project life cycle

          2
          Plan Risk Management: Inputs

          Present and explain the plan risk management inputs:

          • Project management plan
          • Project charter
          • Stakeholder register
          • Enterprise environmental factors
          • Organizational process assets

          Discuss the use of such inputs in tools and techniques that will realise predicted output

          3
          Plan Risk Management: Tools and Techniques

          Present and explain Plan Risk Management: Tools and Techniques:

          • Analytical techniques
          • Expert judgment
          • Meetings

          Preview the tools and techniques as part of the Plan Risk Management Process.

          4
          Plan Risk Management: Outputs

          Present and discuss plan risk structure and content:

          • Methodology
          • Roles and responsibilities
          • Budgeting
          • Timing
          • Risk categories
          • Definitions of risk probability and impact
          • Probability and impact matrix
          • Revised stakeholders’ tolerances
          • Reporting formats
          • Tracking

          Facilitate practice of project risk management plan by integrating all previous work.

          5
          Plan Project Risk Management

          Plan Project Risk Management

          Identify Risks

          1
          Identify Project Risks Process

          Present and discuss Identify Project Risks as the process of determining which risks may affect the project and documenting their characteristics.

          Present and discuss the key benefits of Project Risk Identification Process.

          2
          Identify Risks: Inputs

          Present and discuss the an overview of the inputs to the process of Risk Identification:

          • Risk management plan
          • Cost management plan
          • Schedule management plan
          • Quality management plan
          • Human resource management plan
          • Scope baseline
          • Activity cost estimates
          • Activity duration estimates
          • Stakeholder register
          • Project documents
          • Procurement documents
          • Enterprise environmental factors
          • Organizational process assets

          Practice on identification of key participants for risk identification, process iteration and risk statement

          3
          Identify Risks: Tools and Techniques

          Present and discuss tools and techniques for Risk Identification:

          • Documentation reviews
          • Information gathering techniques
          • Checklist analysis
          • Assumptions analysis
          • Diagramming techniques
          • SWOT analysis
          • Expert judgment
          4
          Identify Risks: Outputs

          Present and discuss the Risk Register structure and content as output of Identify Risks process:

          • List of identified risks
          • List of potential responses
          5
          Identify Project Risks

          Identify Project Risks

          Qualitative Analysis of Project Risks

          1
          Qualitative Risk Analysis Process

          Present and discuss the overview of the Qualitative Analysis of Project Risks process. Present and discuss the key benefits of Qualitative Analysis of Project Risk Process.

          2
          Qualitative Risk Analysis: Inputs

          Present and discuss the inputs to Qualitative Analysis of Project Risks process and the specific relevance for this process:

          • Risk management plan
          • Scope baseline
          • Risk register
          • Enterprise environmental factors
          • Organizational process assets
          3
          Qualitative Risk Analysis: Tools and Techniques
          • Risk probability and impact assessment
          • Probability and impact matrix
          • Risk data quality assessment
          • Risk categorization
          • Risk urgency assessment
          • Expert judgment
          4
          Qualitative Risk Analysis: Outputs

          Present and discuss the necessary Project Documents Updates resulted from Qualitative Risk Analysis:

          • Risk register updates
          • Assumptions log updates
          • Practice project Document Updates.
          5
          Qualitative Analysis of Project Risks

          Perform Project Risks Analysis

          Quantitative Analysis of Project Risks

          1
          Quantitative Risk Analysis Process

          Present and discuss the Quantitative Risk Analysis process and the specific benefits in terms of decision making. Introduce main tools and techniques.

          2
          Quantitative Risk Analysis: Inputs

          Present and discuss the inputs to Perform Qualitative Analysis of Project Risks process:

          • Risk management plan
          • Cost management plan
          • Schedule management plan
          • Risk register
          • Enterprise environmental factors
          • Organizational process assets
          3
          Quantitative Risk Analysis: Tools and Techniques

          Data Gathering and Representation Techniques

          • Interviewing
          • Probability distributions

          Quantitative Risk Analysis and Modeling Techniques

          • Sensitivity analysis
          • Expected monetary value analysis
          • Modeling and simulation
          • Expert judgment
          4
          Quantitative Risk Analysis: Outputs

          Present, discuss and practice Project Documents Updates resulted from Qualitative Analysis of Project Risks:

          • Probabilistic analysis of the project
          • Probability of achieving cost and time objectives
          • Prioritized list of quantified risks
          • Trends in quantitative risk analysis results
          5
          Quantitative Analysis of Project Risks

          Perform Project Risk Analysis

          Risk Response

          1
          Plan Risk Response Process

          Provide an overview of the Plan Risk Response Process and of the benefits of applying the specific tools and techniques.

          2
          Plan Risk Response: Inputs

          Present and discuss inputs to Plan Risk Response process:

          • Risk management plan
          • Risk register

          Practice the specific use of referred inputs to the process.

          3
          Risk Response: Tools and Techniques

          Present and discuss tools and techniques of Plan Risk Response process:

          • Strategies for Negative Risks or Threats
          • Strategies for Positive Risks or Opportunities
          • Contingent Response Strategies
          • Expert Judgment
          4
          Risk Response: Outputs

          Present, discuss and practice Project Management Plan Updates and Project Documents Updates.

          5
          Risk Response

          Plan Project Risk Response

          Risk Control

          1
          Risk Control Process

          Present and discuss Risk Control Process in implementing risk response plans, tracking identified risks, monitoring residual risks, identifying new risks, and evaluating risk process effectiveness and the process.

          To determine if:

          • Project assumptions are still valid,
          • Analysis shows an assessed risk has changed or can be retired,
          • Risk management policies and procedures are being followed, and
          • Contingency reserves for cost or schedule should be modified in alignment with the current risk assessment.
          2
          Risk Control: Inputs

          Present and discuss inputs to Risk Control process:

          • Project management plan
          • Risk register
          • Work performance data
          • Work performance reports
          3
          Risk Control: Tools and Techniques

          Present and discuss Risk Control Tools and Techniques:

          • Risk reassessment
          • Risk audits
          • Variance and trend analysis
          • Technical performance measurement
          • Reserve analysis
          • Meetings
          4
          Risk Control: Outputs

          Present and discuss outputs of Risk Control process:

          • Work performance information
          • Change requests
          • Project management plan updates
          • Project documents updates
          • Organizational process assets updates
          5
          Risk Control

          Control Project Risks

          Conclusion

          1
          New Skills, New Steps

          A revision of the risk management processes and aquired skills.

          2
          UPDATE Risk Management Professional (by PMBOK 6)

          UPDATE Risk Management Professional (by PMBOK 6)

          Planning Risk Management (PMBOK6 Aligned)

          1
          Course Overview

          The Planning Risk Management 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.

          2
          Program Overview

          The Planning Risk Management 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.

          3
          Understanding Project Risk

          The projects you'll manage will face many different risks. First of all, let's define what we mean by risk. Project risks have two characteristics. They're events that might happen, and they have the potential to impact one or more of the project objectives.

          4
          Types of Project Risks

          In this topic we're going to use our definition of project risk to examine more closely what it means that project objectives would be impacted by unforeseen events.

          5
          Reducing the Uncertainty of Risk

          For risk management to succeed, you must respond proactively to risks. If you only respond once an event occurs, you will waste time and resources needlessly trying to manage it.

          6
          Understanding Risk Responses

          Risk management has two central roles, reducing uncertainty about identified risks, and determining appropriate responses for when risk events do occur.

          7
          Inputs to Plan Risk Management

          The Inputs to this process are Project charter, Project management plan, which includes All components, Project documents, which include Stakeholder register, Enterprise environmental factors, and Organizational process assets.

          8
          Tools and Techniques to Plan Risk Management

          Imagine trying to manage a project where you aren't sure what the project's potential risks are. In order to effectively monitor and control the risks on a project, it is important to first plan for potential risks. To do so, you use specific tools and techniques. 

          9
          The Risk Management Plan

          The plan risk management process has one output, the risk management plan. A typical risk management plan includes several important sections which are Methodology, Roles and Responsibilities, Budgeting, Timing, Reporting Formats, Tracking, and Risk Categories.

          10
          Sample Risk Management Plan

          The risk management plan contains the overall plan for managing risk throughout the project's life cycle, broken down into different sections. In this topic, we're going to walk through a simple risk management plan. Tina is a project manager for a large urban hospital. 

          11
          The Risk Probability and Impact Matrix

          An important part of the risk management plan is a section that defines how probability and impact will be defined for your particular project. This topic explains how to develop those definitions and create a probability and impact matrix. 

          12
          Exercise: Planning Risk Management (1)

          In this exercise, you'll demonstrate your ability to effectively manage potential risks by planning ahead and assessing their impact, probability, and cause. 

          13
          Exercise: Planning Risk Management (2)

          In this exercise, you'll demonstrate your ability to effectively manage potential risks by planning ahead and assessing their impact, probability, and cause. 

          14
          Course project (optional)

          Course project (optional)

          15
          Planning risk management

          The Planning Risk Management 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.

          16
          Planning risk management

          The Planning Risk Management 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.

          Identifying Risk (PMBOK6 Aligned)

          1
          Course Overview

          In the second course you're going to learn what inputs you need to look at in order to identify risks.

          2
          Inputs to Identify Risks

          After completing this topic, you should be able to identify the inputs to the Identify Risks process.

          3
          Document Analysis

          After completing this topic, you should be able to identify activities that should be part of a document analysis to identify project risks

          4
          Brainstorming to Gather Data

          After completing this topic, you should be able to identify guidelines for conducting a brainstorming session to identify project risks.

          5
          Using Interviewing to Identify Risks

          After completing this topic, you should be able to recognize when interviewing is a good method for gathering risk information

          6
          Using Root Cause Analysis to Identify Risks

          After completing this topic, you should be able to match types of causes of project risk with examples.

          7
          Using SWOT Analysis to Identify Risks

          After completing this topic, you should be able to categorize items that would be used to perform a SWOT analysis

          8
          Using Assumption and Constraint Analysis

          After completing this topic, you should be able to identify the questions that would be asked during an assumption and constraint analysis

          9
          Using Checklists to Identify Risks

          After completing this topic, you should be able to identify two documents you may gather information from when using checklists to identify risks

          10
          Outputs of Identify Risks

          After completing this topic, you should be able to identify the outputs of the Identify Risks process 

          11
          Exercises - Identifying Risk (1)

          After completing this topic, you should be able to demonstrate your understanding of the Identify Risks project management process

          12
          Exercises - Identifying Risk (2)

          After completing this topic, you should be able to demonstrate your understanding of the Identify Risks project management process

          13
          Course Project (optional)

          Course Project (optional)

          14
          Identifying Risk

          In the second course you're going to learn what inputs you need to look at in order to identify risks.

          15
          Identifying Risk

          In the second course you're going to learn what inputs you need to look at in order to identify risks. 

          Analyzing Risk (PMBOK6 Aligned)

          1
          Course Overview

          In the third course, we'll examine the two risk analysis processes of the project risk management knowledge area, namely, perform qualitative risk analysis and perform quantitative risk analysis.

          2
          Inputs to Perform Qualitative Risk Analysis

          After completing this topic, you should be able to recognize the inputs you use to perform qualitative risk analysis.

          3
          Qualitative Risk Analysis Tools and Techniques

          After completing this topic, you should be able to identify the tools and techniques you can use for the Perform Qualitative Risk Analysis process

          You can view and review the lecture materials indefinitely, like an on-demand channel.
          Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
          4.3
          4.3 out of 5
          326 Ratings

          Detailed Rating

          Stars 5
          182
          Stars 4
          66
          Stars 3
          42
          Stars 2
          15
          Stars 1
          21
          03561bb91f90d3f8f96ff158d185bd75
          30-Day Money-Back Guarantee

          Includes

          13 hours on-demand video
          6 articles
          Full lifetime access
          Access on mobile and TV
          Certificate of Completion