About this course
Welcome to the PMI-RMP® Short Course!
In this lesson, discover key project risk management concepts.
Here in lesson 2, we will discuss project risk management principles.
Project risk management is comprised of risk management processes such as identifying risks and evaluating risks. In this lesson, we will walk through each of these processes and help you see how they relate to one another.
Learn how to develop a how-to guide to risk management for each of your projects.
You can't manage risks until you first identify them. In this lesson, discover several methods for identifying risks.
Once we've identified our risks, we need to evaluate them. Let's first look at qualitative risk analysis.
In some projects, we need to also perform quantitative risk analysis. When should this assessment occur? What are some of the techniques?
Now that we know which risks matter, it's time to develop risk response plans that allow us to increase opportunities and decrease threats.
Risks change over time. Therefore, it's critical that we continually monitor our risks.
We've looked at qualitative and quantitative risk analysis. Let's spend a few more minutes looking at the differences between these two processes.
What is a project lifecycle and why does it matter?
Perhaps the most common risk strategy is risk mitigation. What is it and when should we use this strategy?
What are contingency plans and fallback plans and how do these plans relate to one another?
Ready to test your understanding of project risk management?
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.