About this course
This course has been developed to help individuals who 1) are preparing for the PMI-RMP exam or 2) are preparing for the project risk management portion of the PMP exam or 3) wish to apply qualitative risk analysis to prioritize project risks quickly and improve project success.
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Project managers should perform qualitative risk analysis in every project. It's a simple, quick way of assessing and prioritizing your risks.
Does the qualitative risk analysis process fall into the initiating, planning, executing, monitoring and controlling, or the closing process group? What is the purpose of qualitative risk analysis? And how can we reduce bias in our risk assessments? Find out here.
In this lesson, we will walk through the inputs, tools and techniques, and outputs for performing qualitative risk analysis.
In this lesson, we will take a look at the key success factors for performing qualitative risk analysis per the PMI Standard for Project Risk Management.
There are many ways to assess project risks qualitatively, but it doesn't get any easier than this! Try the KISS Method—Keep It Super Simple.
Some projects are large and complex. Therefore these projects merit a more robust analysis method. In this lesson, we look at the Probability and Impact Assessment.
Some risks occur slowly and others are fast movers. Let's look at the parameter of risk velocity. What is it? Why does it matter? How can project managers use this parameter to enhance their qualitative risk evaluation?
Discover risk thresholds, what they are, and how to define one for your risk register. Learn about Urgent and Watch Lists.
Project managers can use risk categories to group and analyze risks by potential causes. Additionally, project manager can often respond in a manner that allows them to reduce probability and/or impact for several risks at once.
Many project managers make the mistake of owning most, if not all, of the project risks. In this lesson, we'll talk about why it's important to identify and engage risk owners. What are risk owners? How should they be selected? How do you assign risk owners?
Download and take the final quiz. Afterward, check your answers. Review the related lessons for missed questions.