Risk Response Planning For Project Managers (Pmi)

Learn how to select, plan, and manage risk responses using simple tools and PMI-aligned strategies.

What you'll learn

Explain the different strategies used to deal with project risks (like avoid, transfer, mitigate, accept, exploit, share, enhance)

Create a risk response plan that includes clear actions, owners, and backup strategies

Understand when and how to apply contingency and fallback plans for high-risk situations

Use real examples and simple tools to select the best response strategy based on risk level and project goals

Requirements

No prior risk management experience is needed. A basic understanding of projects is helpful, but not required. Just bring your curiosity and interest in handling project challenges better!

Description

Are you managing projects and want to be more prepared for risks?This course teaches you how to plan effective responses for both threats and opportunities, based on PMI’s risk management framework. All content is explained in simple, practical terms with real-life examples and clear steps.You will learn how to:Understand and respond to risks before they affect your projectSelect the right strategy: avoid, transfer, mitigate, accept, or exploitDeal with positive risks (opportunities) and gain real project valueApply fallback plans, contingency reserves, and track residual risksAssign clear ownership and ensure accountability for risk responsesYou’ll also gain insight into how risk responses are updated in the risk register and how to communicate and document these actions effectively. This is useful not only in exams but also in daily project work.Additionally, the course offers practical tips, common mistakes to avoid, and tools you can immediately apply in your real-world projects.This course is perfect for:Professionals preparing for the PMI-RMP or PMP certificationProject managers and team members who want better control over project risksAnyone who needs simple, direct tools to manage uncertainty in projectsNo complex terms. No confusing theory. Just practical knowledge you can apply right away.

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Definition and Purpose

Lecture 3 1.3 Risk Response Process & Key Considerations

Lecture 4 Risk Owner & Risk Action Owner

Lecture 5 Secondary Risk and Residual Risk

Lecture 6 Integration and Limitations

Section 2: Critical Success Factors

Lecture 7 2 Critical Success Factors

Section 3: Inputs, Tools & Techniques, and Outputs (ITTOs)

Lecture 8 3.1 Inputs, Tools & Techniques, and Outputs (ITTOs)

Lecture 9 3.2 I - Inputs

Lecture 10 3.3 Risk Management Plan

Lecture 11 3.4 Risk Register

Lecture 12 3.5 TT - Tools & Techniques

Lecture 13 3.5.1. Strategies for Addressing Threats

Lecture 14 3.5.1.1 Avoid

Lecture 15 3.5.1.2 Transfer

Lecture 16 3.5.1.3 Mitigate

Lecture 17 3.5.1.4 Accept

Lecture 18 3.5.2 Strategies for Addressing Opportunities

Lecture 19 3.5.2.1 Exploit

Lecture 20 3.5.2.2 Enhance

Lecture 21 3.5.2.3 - Share

Lecture 22 3.5.2.4 Accept

Lecture 23 Risk Transfer vs Risk Sharing

Lecture 24 Choosing the Right Risk Response Strategy

Lecture 25 3.5.3 Contingent Response Strategies

Lecture 26 3.5.3.1 Project Reserves

Lecture 27 3.5.4 Expert Judgment

Lecture 28 Questions and Answers

Lecture 29 3.6 O - Outputs

Section 4: Final Section

Lecture 30 Summary and Final Words

Lecture 31 Outro

Section 5: Practice Questions

Project team members, coordinators, or aspiring project managers who want to learn how to plan and respond to risks using simple and effective strategies. Also great for PMP or PMI-RMP exam candidates looking to strengthen their practical knowledge!