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Learning Method

• Recorded Videos: Accessible anytime via Google Drive.
• Direct Support: Connect with the instructor on WhatsApp for any questions.

Duration

• 39 Hours of Content: Available 24/7 for flexible learning.

Course Outline

In this recorded course, we’ll comprehensively cover the following topics:

A. Project Risk Management Exam Preparation

1. Introduction to Project Risk Management

• Introduction to Project Management
• What is Risk
• Negative Risks and Positive Risks
• How to manage risks
• What is Risk Management
• Risk Types and Classifications
• PMI Risk Management Approach

2. Planning for Risk Management

• Plan risk management process overview
• Risk management plan overview
• Plan risk management inputs
• Risk tolerance and thresholds
• Risk management process tailoring
• Risk categories
• Definitions for probability and impacts
• Probability & impact matrix
• How to calculate risk scoring
• Plan risk management outputs
• Risk management plan

3. Risk Identification

• Identify Risk Process Overview
• Identify Risks Process Inputs
• Brainstorming
• Checklists
• Cause and effect diagram
• Assumption and constraint analysis
• SWOT analysis
• Documents analysis
• Standard Prompt Lists
• Standard Risk Statement
• Identify Risks Process Outputs
• Risk Register

4. Qualitative Risk Assessment/Analysis

• Why is Risk analysis or Assessment?
• Goals and benefits of risk Analysis
• Qualitative Risk Analysis Process Overview
• Perform Qualitative Risk Analysis Process Inputs
• Assumptions Testing
• Risk Data Quality Assessment
• Risk probability and impact assessment
• Determining Risk Scoring and ranking
• Calculating Project Risk Score
• Assessment of other risk parameters
• Probability and impact matrix
• Risk Breakdown Structure (RBS)
• Perform Qualitative Risk Analysis Process Outputs
• Updates to the risk register
• Watchlist
• Risk Report

5. Quantitative Risk Assessment/Analysis

• Qualitative Vs Quantitative Risk Analysis
• Expected Monetary Value (EMV)
• Quantitative Risk Analysis Process Overview
• Perform Quantitative Risk Analysis Process Inputs
• Representations of uncertainty
• Duration Uncertainty
• Three-point Estimation
• Probability Distributions
• Modeling and Simulation
• Monte Carlo simulation
• Simulation Outputs
• Histograms, tornado charts
• Criticality Index
• Duration sensitivity, criticality and cruciality
• Cost Sensitivity
• Decision Tree Analysis
• Influence diagrams
• Quantitative Risk Analysis Process Outputs
• Risk Exposure
• Contingency Vs. Management Reserves
• Trends
• Updates to the risk register

6. Risk Response Planning

• Plan Risk Responses Process Overview
• Plan Risk Responses Process Inputs
• Risk Response Strategies for Threats
• Risk Response Strategies for Opportunities
• Contingency plan
• Risk Owner
• Risk Action Owners
• Risk Trigger
• Multi-criteria decision Analysis
• Plan Risk Responses Process Outputs
• Updates to the risk register
• Methods for Calculating Contingency Reserve
• Residual Risks
• Fallback plan
• Secondary Risks

7. Risk Responses Implementation

• Implement Risk Responses Process Overview
• Implement Risk Responses Process Inputs
• Roles and Responsibilities of Risk Owner and Risk Action Owners
• Tracking Trigger Conditions
• Risk report
• Lessons learned

8. Risks Monitoring and Reporting

• Monitor Risks Process Overview
• Risks performance data
• Risks performance reports
• Earned value Management
• Reserve analysis
• Managing Time Buffer
• Audits
• Risk Review Meetings
• Workaround
• Monitor risks outputs

B. Primavera Risk Analysis

1. Overview of Primavera Risk Analysis

• What is Primavera Risk Analysis Software?
• Primavera Risk Methodology
• Describe the benefit of quantitative risk analysis
• Navigate the Primavera Risk Analysis screen

10. Schedule Import and Review

• Integration with Primavera and Microsoft Project
• Explain the importance of a schedule review
• Describe scheduling issues that might compromise a risk analysis
• Perform a schedule review

11. Risk Register

• Introduction to the Risk Register
• Use the Risk Register to record probable risks and their qualitative schedule and cost impacts
• Map risks to the specific project tasks that they will impact
• Quantify risk impacts and make changes to individual impacts on specific project activities
• Document a mitigation response to each risk
• Fine-tune the effects of mitigation on risk impacts
• Build pre and post mitigated risk-impacted project plans

12. Representation of Uncertainty and Montecarlo simulation
    • Use Duration Quick Risk to add uncertainty to a project
    • Using three-point estimates for activities
    • Task Existence / Existence Probability
    • Probabilistic Branching
    • Cost and Resource Uncertainty
    • Fixed-cost uncertainty
    • Variable-cost uncertainty
    • Run a project risk analysis
    • Use the Duration Graph to review analysis data for the entire project and for individual tasks
    • Use the Tornado Graph to identify and validate project drivers
    • Resource and Cost Uncertainty
13. Analyze and Mitigate Risks
    • Response Planning – cost/benefit analysis
    • Use the Distribution Analyzer to compare S-Curves generated from multiple risk analysis
    • Distribution graphs
    • Determine where to focus mitigation efforts using the Tornado Graph
    • Summary risk report
    • Probabilistic cash flow

Additional Information

Download the Course Brochure from the link below for more details.

RMP+Primavera Recording Course Brochure

Contact Us

For any questions, feel free to reach out via WhatsApp:
https://wa.me/+249123009776

Your Selfelearn Support Team