Risk Management

Threats and Opportunities Management

What you'll learn

Risk management process

Plan and identify risks in risk management

Qualitative risk analysis

Quantitative risk analysis

Plan risk responses

Control risks

Create Reserves

Requirements

Taking my Project Management Course will help you better understand this one

Description

This course will be covering all about the risk management process starting from the planning, identifying your risks and categorizing your risks in your project and the techniques for identifying risks in risk management. This course will cover the two analysis processes in risk management qualitative and quantitative analysis.In qualitative we will learn about how to determine your risk score or risk index by using probability and the impact of each risk so that we could grade them on the risk matrix scale to see which risks require a response. We will also cover the quantitative risk analysis process to further analyze the risks that have moved forward. We will look at sensitivity analysis to know about the tornado diagram. Schedule and cost uncertainty will be covered and we’ll talk about triangular distribution and beta distribution.We will learn how Monte Carlo simulation uses all this information to estimate the possible outcomes of an uncertain event. You’ll learn about the distribution graph and the distribution analyzer and how to read your project outcomes from these graphs. We will then cover planning risk responses to all your risks and how to monitor and control them and what should your outcomes after doing risk management be.

Overview

Section 1: Introduction

Lecture 1 What Is a Risk

Lecture 2 Risk Management Process

Section 2: Plan Risk Management

Lecture 3 Risk Management Plan

Lecture 4 Identify Project Stakeholders

Section 3: Identify Risks

Lecture 5 Identify Risks In Your Project

Lecture 6 Cause - Event - Impact

Lecture 7 Techniques For Identifying Risks

Section 4: Qualitative Analysis

Lecture 8 Perform Qualitative Analysis

Lecture 9 Probability and Impact Matrix

Lecture 10 Risk Scoring

Section 5: Quantitative Analysis

Lecture 11 Perform Quantitative Analysis

Lecture 12 Schedule Uncertainty

Lecture 13 Triangular and Beta Distribution

Lecture 14 Triangular and Beta Distribution Example

Lecture 15 Monte Carlo Simulation

Lecture 16 Schedule Uncertainty In Monte Carlo Simulation

Lecture 17 The Distribution Graph

Lecture 18 Risk Register

Lecture 19 The Distribution Analyzer

Lecture 20 Tornado Chart

Section 6: Plan Risk Responses

Lecture 21 Risk Responses

Lecture 22 Residual and Secondary Risks

Lecture 23 Contingency and Fallback Plans

Section 7: Control Risks and Create Reserves

Lecture 24 Monitor and Control Risks

Lecture 25 Contingency and Management Reserves

Anyone that wants to effectively manage risks