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Risk Analysis How to Analyze Risks on Your Project - Project Management Training
 
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Watch as Jennifer Bridges, PMP, https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=CreatingaProjectPMSoftwareTutorial as she explains why you need to analyze risk and how to do it effectively.
17. Project Risk Analysis
 
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Risk Analysis can be complex, as you'll need to draw on detailed information such as project plans, financial data, security protocols, marketing forecasts, and ... PLEASE REFER THE LINKS AS FOLLOW IF YOU NEED LEARN MORE: - You Can Ace Your PMP® Exam With The World’s Most Popular PMP® Video Training Course! : http://bit.ly/2AnUnGh - The PMI-ACP® Exam Simulator Features : http://bit.ly/2k7GuoW - CAPM® Exam Prep and CAPM® Exam Simulator : http://bit.ly/2Af7dWC - Free PMI-ACP® Exam Simulator : http://bit.ly/2nixIWw - The CAPM® Exam Simulator Features : http://bit.ly/2Ah2qUE - The PMP Exam is Changing in 2018 : http://bit.ly/2AmSk5f - PMP Exam Prep Essentials Overview Your Condensed PMP® Exam Prep Study Guide : http://bit.ly/2ngB8ZQ - eBook The PMP Exam Prep Essentials Study Guide : http://bit.ly/2ngB8ZQ - The PMP Exam Printable FlashCards (PDF FlashCards Only) : http://bit.ly/2ByCiTE - The PMP Exam eFlashCards (Portable eFlashCards Only) : http://bit.ly/2i3lUBQ - The PMP Exam FlashCards (eFlashCards & PDF Bundle) : http://bit.ly/2BAEuKr - PMP Exam Formula Study Guide (Free, Redacted Version) : http://bit.ly/2kbPoBU - The PM StudyCoach (For PMBOK Guide 5th Edition) : http://bit.ly/2Bnn035 - The PDU Podcast (Year 3) : http://bit.ly/2AmAY65 - Earn PDUs with The PM PrepCast : http://bit.ly/2zAXgjc - Earn PDUs with The Agile PrepCast : http://bit.ly/2Alns2n - The PM PrepCast (For PMBOK Guide 5th Edition) : http://bit.ly/2ipC5NZ - The Free Agile PrepCast : http://bit.ly/2kd0VRl - The Agile PrepCast : http://bit.ly/2nieb8w - The PDU Podcast (Year 2) : http://bit.ly/2Af9qRU - The PDU Podcast (Year 1) : http://bit.ly/2Af9ykm - The Free PM PrepCast - Sample Videos and Free PMP Exam Prep Material : http://bit.ly/2k9tBuK - The PDU Podcast (Monthly Subscription) : http://bit.ly/2ne1uLO - PMP Exam Formula Study Guide : http://bit.ly/2ALYfRU
Project Risk Management: Plotting and Managing Risk In Projects
 
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Learn how to implement project risk management best practices from our expert at https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=ProjectRiskManagementPlottingandManagingRiskInProjects so that you can more effectively plot and manage risk factors in projects. Watch the video as ProjectManager.com Director Devin Deen takes you through the 4 steps to bring together your project management risk register. Find out why the most important first step is to get your risk list together. Many project managers simply email their project team members and ask them to send in things they think might go wrong in terms of risk to the project. Not so with Devin. He prefers to get his entire project team together, along with some of his client representatives on the project and do a risk identification session in terms of scope, time, cost and quality. Get Your Free 30 Day Trial of the world's leading project management software here: https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=ProjectRiskManagementPlottingandManagingRiskInProjects TO SUBSCRIBE to our YouTube Channel here: https://www.youtube.com/user/projectmanagervideos To see another project risk management video, check out: "What Is Risk Management In Projects?" Simply click the link below: https://www.youtube.com/watch?v=x7A9idByPA4
Understanding Project Risk Analysis & Management | For ESE Prelim Paper 1
 
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For all past content reading material, please click below link (Only if you have not done in past and wish to have reading material first time): https://goo.gl/forms/F7NIP3KUCmR2i2yF This video contains explanation of topic "Risk Management" from Module 7 of Basics of Project Management, ESE Prelims Paper-I by Dr. Vijayender Project Risk Analysis & Management (PRAM):0.00-0:50 Introduction: 0:51-2:54 In Project Risk Analysis & Management Risk means uncertainties in project, Analysis means Identification & Assessment, Management means Removal & Reduction PRAM: 2:55-3:47 PRAM is a process designed to remove or reduce the risks which threaten the achievement of the project objectives. It is integral part of project management. PRAM steps involved: 3:48-10:57 Risk register: 10:58-12:09 It is a risk management tool essential to fulfill regulatory compliance(ISO/PRINCE2). Question Bank: 15:44-19:00 Risk Management: 19:01-36:21 For more details, videos & test series please visit us at: Website: www.yourpedia.in Email: [email protected] Like us at: https://www.facebook.com/Yourpedia/ Watch some more videos on ESE Prelim Paper 1 at: Engineering Aptitude Covering Logical reasoning: https://bit.ly/2BDvDJM Standards and Quality Practices : https://bit.ly/2ArNgdF Basics of Energy and Environment: https://bit.ly/2TSUdxe Basics of Project Management: https://bit.ly/2KDzlGg Information and Communication Technologies: https://bit.ly/2BCbHXz Ethics and Values in Engineering Profession: https://bit.ly/2Q0Sg3C
Views: 7948 Yourpedia Education
What Is Risk Management In Projects?
 
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Watch this video to learn all about risk management in projects, as explained by a PMP. Try our Award-Winning PM Software for free: https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=WhatIsRiskManagementInProjects What is risk management? How is risk management in projects defined? What role does the Triple Constraint play in project management? These questions centered around risk management in projects are all answered in this brief video hosted by Director, Jennifer Whitt. Be sure to WATCH THE ENTIRE VIDEO and learn exactly what project risk management is, along with how and when to apply it. Learn about the Triple Constraint and how elements of risk can affect the scope, quality cost or time of a project. Jennifer also talks about the relationship between the project management plan and the risk management plan. What is entailed in the risk management plan? Basically, it's the (risk management) process or the determination of how to manage risk on the project. Risk management tools such as project management software, excel and templates are also a vital part of project risk management Plus, you'll learn about all the activities used to manage risk throughout the entire project. Want to know more? Watch this video on project risk management and then... Click the link below to CLAIM YOUR FREE 30 DAY TRIAL OF PROJECTMANAGER.COM https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=WhatIsRiskManagementInProjects SUBSCRIBE to our YouTube Channel here: https://www.youtube.com/user/projectmanagervideos
How to Identify Risks? Risk Management Video
 
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See the list of possible risks inside. The volume is low. Click Cc button to see subtitles in English. Reference: My blog at http://inderpsingh.blogspot.com/2012/09/RapidRiskIdentification.html Also, see related tutorial at https://youtu.be/OlzMrXtgl1I
27- What Is Risk Analysis In Software Project Development In Software Engineering In HINDI
 
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What Is Risk Analysis In Software Engineering In HINDI | Types Of In Software Development HINDI: Project Risk is a problem that could cause some lose or threaten the success of a software project, but which has not happened yet. 25- What is Staffing Level Estimation in Software Engineering | Staffing Level Estimation https://youtu.be/20QwSfYOEs4 26- Team Structure in Software Project Management in Software Engineering| Team Structure https://youtu.be/jBWCoMc4LOo Website: http://www.tutorialsspace.com Instagram https://www.instagram.com/tutorialsspace/ #SoftwareEngineering, #SoftwareEngineeringLectures, #SoftwareEngineeringLecturesInHindi, #SoftwareEngineeringTutorialsInHindi, #SoftwareEngineeringTutorials,
Views: 13152 tutorialsspace
Project Risk Management - Simplified!
 
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Simple steps you and your team can perform to solidify and protect your project from risks.
Views: 25116 Michael B Bender
Risk and How to use a Risk Matrix
 
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In this video we will take a look at what risk is and how to use a simple risk matrix. This video was created by Ranil Appuhamy Voiceover - James Clark -------------------------------------------------------------------------------------------------------- Disclaimer: These videos are provided for educational purposes only. Users should not rely solely on the information contained within these videos and is not intended to be a substitute for advice from other relevant sources. The author/s do not warrant or represent that the information contained in the videos are accurate, current or complete and do not accept any legal liability or responsibility for any loss, damages, costs or expenses incurred by the use of, or reliance on, or interpretation of, the information contained in the videos.
risks in project management |  Software engineering |
 
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Software engineering
Views: 9801 Education 4u
Project Management Concept #2: Qualitative Risk Analysis vs Quantitative Risk Analysis
 
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Passionate Project Management, www.PassionatePM.com, is pleased to sponsor this Passionate Project Management YouTube channel. Passionate Project Management specializes in project management learning, development, and consulting. Passionate Project Management offers open enrollment and private on-site courses delivered by the leading instructors in the industry. Passionate Project Management provides PMP Exam Prep, CAPM Exam Prep, PMI-RMP (Risk Management) Exam Prep, and PMI-ACP (Agile) Exam prep. This Video is a component of our Learning Concepts Series: 2. Qualitative versus Quantitative Risk Analysis narrated by Belinda Fremouw. Belinda was the first woman in the world to achieve the original five PMI Credentials. Her experience spans multiple decades, crosses several industries, and includes domestic and international project experience. Belinda is a well-known public speaker and author. Check out our website at www.PassionatePM.com for all of our course offerings and exam prep study materials. www.PassionatePM.com #PassionatePM #BelindaFremouw #BelindaPMP
Views: 23308 PM Learning Solutions
PMP Module 11 -  Project Risk Management
 
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I strongly recommend changing speed of all of these videos to x1.5 or x2. Project Management Certification PMP exam prep.
Views: 9235 PMP Training
Monte Carlo Schedule Risk analysis. Part 1: Introduction to schedule risk analysis techniques
 
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Video shows how schedule risk analysis is performed in RiskyProject project risk management and risk analysis software. Monte Carlo simulations require inputs to perform the analysis: duration estimates and statistical distributions. In this video, we describe what a statistical distribution for schedules is and use a real life example to gather the distribution data and describe them using frequency histograms and cumulative probability plots. Finally, we use the data we generated from this real life example, to create a risk analysis model in the software and run a Monte Carlo simulation. For more information how to perform schedule risk analysis using RiskyProject software please visit Intaver Institute web site: http://www.intaver.com. About Intaver Institute. Intaver Institute Inc. develops project risk management and project risk analysis software. Intaver's flagship product is RiskyProject: project risk management software. RiskyProject integrates with Microsoft Project, Oracle Primavera, other project management software or can run standalone. RiskyProject comes in three configurations: RiskyProject Lite, RiskyProject Professional, and RiskyProject Enterprise.
Views: 29852 Intaver Institute Inc.
PMP® | Risk Analysis-Qualitative & Quantitative Approaches
 
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Stuck with PMP? Enroll in our PMP Online Training and Get PMP in 45 Days with PMBOK5 http://goo.gl/l2aQOq Agenda for the hangout Check out the queries raised at iZenBridge Forum http://goo.gl/pVUqF7 to be discussed during the session.  https://plus.google.com/b/103624728377270787243/events/cbo8qceqi7v7a344311id8rp3ts Our Trainers will focus on the queries posted by participants for discussion in the hangout. https://twitter.com/iZenBridge You can also post your queries at the forum. How to join the hangout? You can watch the event live at Risk Analysis Hangout. The queries/ questions will be taken up by using Q & A app.during the hangout. You need to type in your questions just like before, but now, the Q & A app will make it more manageable for the participants. Only selected participants, who have raised queries in the forum, would get an opportunity to come inside the session by way of video to follow up on the queries they had raised. Only first 9 participants can avail this facility. To enter the live web session, the selected participants can use the link provided at Twitter. Search the link using #iZenPMP. Rest of the participants need to follow the link provided above in the mail. Only in case of technical problems during the hangout, communicate to us on Twitter by using #iZenPMP Speaker:+Saket Bansal
Top 5 Project Risk Analysis Parameters for a PM
 
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Use these to Analyze Risks for project management. Valuable tool to help with Risk Management and part of the cycle (Identify, Analyze then Respond). PM best practices for Project Managers by Jason Tratch www.nexlevinc.com
Views: 523 Jason Tratch
What is a Risk Register and When To Use It
 
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Qualitative risk analysis, quantitative risk analysis, risk response planning... When exactly should you use a risk register? Watch this short project management training video from https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=WhatisaRiskRegisterandWhenToUseIt to learn more.
How Monte Carlo Works
 
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The video show basic concepts behind Monte Carlo project schedule risk analysis. Based on example of very simple project schedule this video demonstrates Monte Carlo sampling process. The video also shows basics steps of Monte Carlo simulation for the precedence network. The results of a Monte Carlo schedule risk analysis can be thought of as a risk adjusted project schedule. Risk adjusted project schedules can be created using mean duration, start and finish time, or a particular percentile of statistical distributions for start, finish time, and duration. It is very convenient to show a risk adjusted project schedule alongside the original deterministic (no uncertainties) project schedule. Both schedules can be shown on a single Gantt chart. Monte Carlo offers a universal method to analyze your schedule. It does not matter what combination of tasks you have and what distributions they have, Monte Carlo will be able to calculate an accurate, if probabilistic, answer. About Intaver Institute: Intaver Institute Inc. develops project risk management and project risk analysis software. Intaver's flagship product is RiskyProject: project risk management software. RiskyProject integrates with Microsoft Project, Oracle Primavera, other project management software or can run standalone. RiskyProject comes in three configurations: RiskyProject Lite, RiskyProject Professional, and RiskyProject Enterprise. http://www.intaver.com/
Views: 33120 Intaver Institute Inc.
Risk Management in Software Projects
 
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Click Cc button to see subtitles in English. Next, learn Cause and Effect Analysis at https://youtu.be/pezYndsY7TM
18. Project Risk Management
 
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According to the Project Management Institute's PMBOK, Risk management is one of the ten knowledge areas in which a project manager must be competent. Project risk is defined by PMI as 'an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives' PLEASE REFER THE LINKS AS FOLLOW IF YOU NEED LEARN MORE: - You Can Ace Your PMP® Exam With The World’s Most Popular PMP® Video Training Course! : http://bit.ly/2AnUnGh - The PMI-ACP® Exam Simulator Features : http://bit.ly/2k7GuoW - CAPM® Exam Prep and CAPM® Exam Simulator : http://bit.ly/2Af7dWC - Free PMI-ACP® Exam Simulator : http://bit.ly/2nixIWw - The CAPM® Exam Simulator Features : http://bit.ly/2Ah2qUE - The PMP Exam is Changing in 2018 : http://bit.ly/2AmSk5f - PMP Exam Prep Essentials Overview Your Condensed PMP® Exam Prep Study Guide : http://bit.ly/2ngB8ZQ - eBook The PMP Exam Prep Essentials Study Guide : http://bit.ly/2ngB8ZQ - The PMP Exam Printable FlashCards (PDF FlashCards Only) : http://bit.ly/2ByCiTE - The PMP Exam eFlashCards (Portable eFlashCards Only) : http://bit.ly/2i3lUBQ - The PMP Exam FlashCards (eFlashCards & PDF Bundle) : http://bit.ly/2BAEuKr - PMP Exam Formula Study Guide (Free, Redacted Version) : http://bit.ly/2kbPoBU - The PM StudyCoach (For PMBOK Guide 5th Edition) : http://bit.ly/2Bnn035 - The PDU Podcast (Year 3) : http://bit.ly/2AmAY65 - Earn PDUs with The PM PrepCast : http://bit.ly/2zAXgjc - Earn PDUs with The Agile PrepCast : http://bit.ly/2Alns2n - The PM PrepCast (For PMBOK Guide 5th Edition) : http://bit.ly/2ipC5NZ - The Free Agile PrepCast : http://bit.ly/2kd0VRl - The Agile PrepCast : http://bit.ly/2nieb8w - The PDU Podcast (Year 2) : http://bit.ly/2Af9qRU - The PDU Podcast (Year 1) : http://bit.ly/2Af9ykm - The Free PM PrepCast - Sample Videos and Free PMP Exam Prep Material : http://bit.ly/2k9tBuK - The PDU Podcast (Monthly Subscription) : http://bit.ly/2ne1uLO - PMP Exam Formula Study Guide : http://bit.ly/2ALYfRU
PMP Risk Management | Project Risk Management Training | PMP Training Videos | PMP Tutorial
 
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( PMP Certification Training - https://www.edureka.co/pmp ) Watch sample class recording: http://www.edureka.co/pmp?utm_source=youtube&utm_medium=referral&utm_campaign=project-risk-management-1 Project risk management is an important aspect of project management. According to the Project Management Institute's PMBOK Risk management is one of the ten knowledge areas in which a project manager must be competent. Project risk is defined by PMI as 'an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives'. Get a more in-depth view of the concept by watching this video, which covers: 1. Introduction to Project Risk Management 2.Identify Risk 3.Risk Analysis 4.Plan Risk Management 5.Manage Stakeholder Engagement 6.Control Stakeholder Engagement Related Blogs: http://www.edureka.co/blog/introduction-to-project_management_office/?utm_source=youtube&utm_medium=referral&utm_campaign=project-risk-management-1 http://www.edureka.co/blog/an-introduction-to-pmbok-guide/?utm_source=youtube&utm_medium=referral&utm_campaign=project-risk-management-1 Edureka is a New Age e-learning platform that provides Instructor-Led Live, Online classes for learners who would prefer a hassle free and self paced learning environment, accessible from any part of the world. The topics related to ‘Project Risk Management’ have extensively been covered in our course ‘PMP Exam Preparation’. For more information, please write back to us at [email protected] or call us at IND: 9606058406 / US: 18338555775 (toll free).
Views: 70786 edureka!
risk management |  Software engineering |
 
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Software engineering video lectures
Views: 22618 Education 4u
Techniques of Risk Analysis (BSE)
 
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Subject: Business Economics Paper: Project Appraisal and Impact Analysis
Views: 2843 Vidya-mitra
Quantitative Risk Analysis for overall project risk
 
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This short presentation formed part of an APM Risk SIG workshop on the uses of QRA, in February 2016. Most people use QRA to identify the most important individual risks. Here David Hillson explains how to use it to quantify overall project risk exposure.
Views: 11477 RiskDoctorVideo
What are the different Risk Analysis Techniques
 
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Risk is part and parcel of any project. Risk identification, analysis and management are the foundations of successful project management.Successful project leaders always do two things very well.First they accept and approach a new project with the idea that the project is totally new irrespective of the fact that there could be similarities between earlier projects handled and also the experience base of the team.Second they go through a systematic and through risk analysis of the project as though there is no tomorrow.These qualities enable them to appreciate the project challenges well ahead and they are invariably ready to face the challenges with suitable actions so that the project objectives are achieved as defined in the project charter. Project Management Body of Knowledge (PMBOK) by PMI also brings in very extensively as one of the nine knowledge areas that requires sufficient focus.An analysis of project management literature leads one to conclude that lack of clear risk understanding and management is the reason for the failure of majority of the projects, This is more so for complex and large projects.Risk , by nature ,is difficult for project managers to visualise due to their enthusiasm to go ahead and execute the projects. Also self interest and personal agenda of the project team lead to assessing issues and challenges optimistically rather than realistically.This focus of this web cast will be the understanding of risks from strategic and execution perspectives and dwell of the methodologies for handling the risks.
Views: 10945 TechGig
Project Management - Risk Analysis
 
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Rene Derks talks about Risk Analysis, Communication Plans and Acceptance Criteria
Views: 739 BUAS IGAD
What Is Project Risk?
 
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Defining project risk is a tricky business because it talks also of the unknown, and unforeseeable risks associated with any project. Watch this video from https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=WhatIsProjectRisk that looks at project risk, from a project management professionals point of view.
Better Risk Assessments, Management, Tools and Metrics by Tony Ridley
 
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https://www.linkedin.com/in/tonyridley/ Video tutorial on how to develop Better Risk Assessments, Management, Tools and Metrics by Tony Ridley
Views: 144433 Tony Ridley
16. Project Risk Identification
 
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Project Risk identification is the most important process in the Risk Management Planning. Risk Identification determines which risks might affect the project and documents their characteristics. PLEASE REFER THE LINKS AS FOLLOW IF YOU NEED LEARN MORE: - You Can Ace Your PMP® Exam With The World’s Most Popular PMP® Video Training Course! : http://bit.ly/2AnUnGh - The PMI-ACP® Exam Simulator Features : http://bit.ly/2k7GuoW - CAPM® Exam Prep and CAPM® Exam Simulator : http://bit.ly/2Af7dWC - Free PMI-ACP® Exam Simulator : http://bit.ly/2nixIWw - The CAPM® Exam Simulator Features : http://bit.ly/2Ah2qUE - The PMP Exam is Changing in 2018 : http://bit.ly/2AmSk5f - PMP Exam Prep Essentials Overview Your Condensed PMP® Exam Prep Study Guide : http://bit.ly/2ngB8ZQ - eBook The PMP Exam Prep Essentials Study Guide : http://bit.ly/2ngB8ZQ - The PMP Exam Printable FlashCards (PDF FlashCards Only) : http://bit.ly/2ByCiTE - The PMP Exam eFlashCards (Portable eFlashCards Only) : http://bit.ly/2i3lUBQ - The PMP Exam FlashCards (eFlashCards & PDF Bundle) : http://bit.ly/2BAEuKr - PMP Exam Formula Study Guide (Free, Redacted Version) : http://bit.ly/2kbPoBU - The PM StudyCoach (For PMBOK Guide 5th Edition) : http://bit.ly/2Bnn035 - The PDU Podcast (Year 3) : http://bit.ly/2AmAY65 - Earn PDUs with The PM PrepCast : http://bit.ly/2zAXgjc - Earn PDUs with The Agile PrepCast : http://bit.ly/2Alns2n - The PM PrepCast (For PMBOK Guide 5th Edition) : http://bit.ly/2ipC5NZ - The Free Agile PrepCast : http://bit.ly/2kd0VRl - The Agile PrepCast : http://bit.ly/2nieb8w - The PDU Podcast (Year 2) : http://bit.ly/2Af9qRU - The PDU Podcast (Year 1) : http://bit.ly/2Af9ykm - The Free PM PrepCast - Sample Videos and Free PMP Exam Prep Material : http://bit.ly/2k9tBuK - The PDU Podcast (Monthly Subscription) : http://bit.ly/2ne1uLO - PMP Exam Formula Study Guide : http://bit.ly/2ALYfRU
Project Risk Management
 
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a) Risk Identification-Risk Impact Matrix b) Strategies to eliminate risks c) Project Management decision Process/ model d) Introduction to Expected Value Concept
Views: 2992 Project Management
28- Risk Analysis In Software Engineering In HINDI -Types Of Risk in Software Project Development
 
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Requirement Risk: Rapidly change or unclear requirement Create the large risks. This risk mostly failed or delayed the projects. Competitive forces, business agreements with new partners for the organisation and it software system to change. 26- Team Structure in Software Project Management in Software Engineering| Team Structure https://youtu.be/jBWCoMc4LOo 27- What is a Risk Analysis and Risk And Categories of Risk in Software Engineering https://youtu.be/b9DKxV29PTc Website: http://www.tutorialsspace.com Instagram https://www.instagram.com/tutorialsspace/ #SoftwareEngineering, #SoftwareEngineeringLectures, #SoftwareEngineeringLecturesInHindi, #SoftwareEngineeringTutorialsInHindi, #SoftwareEngineeringTutorials,
Views: 8052 tutorialsspace
Project Risk Analysis Oil Gas Industry
 
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The oil and gas industry is historically very competitive, high risk and capital intensive. Delays and cost escalation in exploration, development, and production are often the differences between success and failure and any improvements in reducing the impact of cost and schedule risk is critical to success. Project risk management is the most cost effective and easiest to implement method to improve project performance and reduce cost. In spite of this, effective project risk management has not been fully taken up by the industry. This webinar will an overview of the basic steps of project and portfolio risk management process tailored for the oil and gas industry: • Identify project risks and record them in risk register • Assign risks and uncertainties to different projects and activities and calculate impact of these risks on project • Reduce the impact of project risks and uncertainties • Manage and control risks during a course of projects This webinar will use real examples and show how oil and gas companies can apply these risk management processes to control capital and operational costs.
11.3 Perform Qualitative Risk Analysis Process | Project Risk Management || whatispmp.com
 
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Full article ►► http://whatispmp.com/perform-qualitative-risk-analysis/ 11.3 Perform Qualitative Risk Analysis Process. ========================================= Chapter 11: Project Risk Management Knowledge Area:- ========================================= 11.1 Plan Risk Management Process: http://whatispmp.com/plan-risk-management/ 11.2 Risk Identification Process: http://whatispmp.com/risks-identification-process/ 11.3 Perform Qualitative Risk Analysis Process: http://whatispmp.com/perform-qualitative-risk-analysis/ 11.4 Perform Quantitative Risk Analysis Process: http://whatispmp.com/perform-quantitative-risk-analysis/ 11.5 Plan Risk Responses Process: http://whatispmp.com/plan-risk-responses/ 11.6 Monitor and Control Risks Process: http://whatispmp.com/monitor-and-control-risks-process/ 11.7 Risk Tolerance: http://whatispmp.com/risk-tolerance/ 11.8 Risk Roles and Responsibilities: http://whatispmp.com/risk-roles-and-responsibilities/ 11.3 Perform Qualitative Risk Analysis Process | Project Risk Management. ~~~~~~~~~~~~~~~~~~~~~~~~~ Perform Qualitative Risk Analysis follows risk identification, and it prioritizes risks based on their likelihood of occurring and their potential impact on the project objectives. Prioritization is needed because risk identification uncovers a large number of risks having at least some potential to influence project objectives. However, many of those risks will be of such a low priority or have such a small impact that it isn't cost-effective to address them, so qualitative analysis allows the project team to focus on the most important risks. The risk register provides the list of identified risks to be evaluated, and the risk management plan provides the details on how probability and impact will be assessed and what risk scoring formula and ranking criteria will be used. Risks are prioritized and ranked based on their overall risk rating score, but risks can also be prioritized by their expected monetary value, impact, or any combination of other methods. 11.3.1 Perform Qualitative Risk Analysis: Inputs • Risk register The risk register is a comprehensive list of all threats and opportunities the project faces. It also contains supplementary data about each risk, including its impact, probability, risk response, budget, risk owner, and contingency and fallback plans. • Risk management plan The risk management plan is a component of the project management plan. It details and defines the risk management activities for the project. The plan establishes the risk methodology, risk roles and responsibilities, risk categories, probability and impact scales, risk tolerances, frequencies of risk management activities and reporting, and the budget and schedule for risk management activities. • Project scope statement The project scope statement details the measurable goals, objectives, deliverables, and requirements of the project, and what the acceptance criteria of deliverables will be. It also describes the work required to meet all objectives and deliverables of the project, and it also contains milestones, assumptions, risks, and costs. The scope statement helps determine the impact a risk may have on the project’s objectives and may help determine its probability. • Organizational process assets Data from similar, past projects and risk databases will help determine impacts and probabilities. 11.3.2 Perform Qualitative Risk Analysis: Tools and Techniques • Risk probability and impact assessment This assessment investigates each identified risks to expose the probability and impact of all the project objectives. This data is used to prioritize or rank risks. [....] Read Full article ►► http://www.whatispmp.com/perform-qualitative-risk-analysis/ ============================ Share video: https://youtu.be/ZvLbmFanqao ============================ Subscribe to our channel: https://goo.gl/pJeXcj website: http://whatispmp.com Facebook: https://fb.me/whatispmp Google+: https://goo.gl/FQGzT5 ============================ PMP Tutorial ►► http://whatispmp.com/PM-Tutorial --------------------------------------------------------- This tutorial covers the following subject matter: Knowledge Areas: • Project Integration Management. • Project Scope Management. • Project Time Management. • Project Cost Management. • Project Quality Management. • Project Human Resource Management. • Project Communications Management. • Project Risk Management. • Project Procurement Management. Process Groups: • Initiating Processes. • Planning Processes. • Executing Processes. • Monitoring & Controlling Processes. • Closing Processes. ============================ Share video: https://youtu.be/ZvLbmFanqao ============================ What is PMP, PMP Training, PMP Certification, PMP Exam Preparation, Project Management Professional Course.
Views: 541 What is PMP?
84. PMP | Perform Quantitative risk analysis tools and techniques used
 
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Lets learn about the important Tools and Techniques used in Perform Quantitative Risk Analysis in PMI PMP PMBOK based project management tutorial: Here are some Data Gathering and Representation Techniques for your reference which is part of perfom quantitative risk analysis. interviewing: Interviewing techniques draw on experience and historical data to quantify the probability and impact of risks on project objectives. The information needed depends upon the type of probability distributions that will be used. For instance, information would be gathered on the optimistic ,pessimistic, and most likely scenarios for some commonly used distributions. Here is an Example of three point estimates for cost. Probability distributions: Continuous probability distributions, which are used extensively in modelling and simulation, represent the uncertainty in values such as durations of schedule activities and costs of project components. Discrete distributions can be used to represent uncertain events, such as the outcome of a test or a possible scenario in a decision tree. Here are the two widely used continuous distribution for your reference. Beta Distribution and ,Triangular Distribution Here are the perform quantitative risk analysis another tools Quantitative Risk Analysis and Modeling Techniques. Sensitivity analysis: Sensitivity analysis helps to determine which risks have the most potential impact on the project. It helps to understand how the variations in project’s objectives correlate with variations in different uncertainties Expected monetary value analysis: Expected monetary value (EMV) analysis is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen (i.e., analysis under uncertainty). Modeling and simulation: A project simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives. Simulations are typically performed using the Monte Carlo technique. Expert Judgment
Views: 2636 Kavin Kumar
Project Risk Analysis and Risk Management Workflow
 
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In this video we will demonstrate a step by step process of the project risk management and analysis workflow in RiskyProject. To process starts with a Project schedule. Project schedules can include activities, costs and resources. Project schedules can be created in RiskyProject or imported from other project scheduling software such as Microsoft Project or Oracle Primavera. In RiskyProject risks can be managed either at the project or project portfolio level. Each project has a risk register. If you are managing more than one project, they can be part of an Enterprise risk register. The project risk registers include all information about risks that could affect the project. Once risks have been identified and added to the risk registers, they can be assigned to a project’s tasks or resources. As part of this process, we can also create risk mitigation and response plans. These plans are stored in a common corporate repository. Once created, risk plans can be assigned to risks and become part of the risk management process. Once you have assigned risk to your project schedule, you run a Monte Carlo simulation to analyze the impacts of the risks. The Monte Carlo results will allow you to generate a risk adjusted schedule. The Monte Carlo simulations will help you perform risk ranking and prioritization. Another result of Monte Carlo simulations is project risk ranking. You can rank projects in your portfolio based on their risk exposure. This process iterates over the course of the project. During project execution, you can monitor your project which includes the monitoring and control of risks. As your project proceeds, you can update your risk register, mitigation and response plans, and run periodic Monte Carlo analysis to ensure that your project stay on time and budget. For more information about project risk management and risk analysis software RiskyProject please visit our web site www.intaver.com/
Project management - Excel Risk Dashboard Template
 
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Project management - Excel Risk Dashboard Template In this article I'll show you how to build excel risk template using Excel's built in visual tools. htttp://exceldashboardschool.com/ Instructions for Changing the Contents of Drop-Down Menus: Highlight the cell of which you wish to change the content of the drop down menu. From the file menu click Data then Validation and you can change the content of the source field. Matrix Score: This is calculated once you select the priority and current status. The matrix use conditional formatting to display color. In our Excel risk template I used risk ranking to determine matrix score. This is a priority (with weighted category) list which is determined by the relative ranking of the risks. If you change the actual status of priority the risk score calculated automatically. Excel dashboards, free excel dashboard templates, free excel project management templates, excel issue trackers on my blog.
Views: 51460 Excel Dashboard School
PMP®  | Plan Risk Management | Project Risk Management
 
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Plan risk management creates risk management plan. This process mainly ensures that degree and visibility of risk management plan are according to the importance of the project. Watch the complete video to see how the risk management plan is developed to manage risk activities throughout the project This video is based on PMBOK® Guide Fifth Edition. We have complete PMBOK® Guide Sixth Edition program, for more details please visit: https://www.izenbridge.com/pmp/online-course/ For any PMP® exam-related concept discussion, you can participate in iZenBridge forum: forum.iZenBridge.com
1 Quantitative risk analysis- Project management @risk software Palisade Dr Mehrdad Arashpour
 
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In this video, the first step (developing model logic) in a quantitative risk analysis is described. Please subscribe to this You Tube channel (Engineering Management Academy) for weekly updated videos about engineering and project management related topics. 10.6084/m9.figshare.4046811
Qualitative and Quantitative Risk Analysis
 
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Project Management Assignment 1
Views: 2609 syahirah shaari
Module 15   Qualitative and Quantitative Project Risk Analyses
 
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This series of videos help in understanding the PMBOK and all the concepts that are geared towards helping you have a better understanding of the processes and knowledge areas. These videos provide a deeper understanding. Project Management Professional (PMP) is a credential offered by the Project Management Institute (PMI).
Views: 1849 PMP Training
Perform Quantitative Risk Analysis | Project Risk Management | PMP Exam Prep Online
 
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Simplilearn Solutions (Global R.E.P. ID 3147) (http://www.simplilearn.com) provides project management training through a blended learning model of classroom training and online learning. Simplilearn Free Resources : Free PMP, ITIL, Six Sigma Tests http://www.simplilearn.com/simplilearn/free-resources PMP certification training workshops in the United States: http://www.simplilearn.com/simplilearn/events/pmp-training-usa PMP online training courses start from $57.99 onwards: http://www.simplilearn.com/simplilearn/pmp_exam/online-courses Transcripts for Project Risk Management, Perform Quantitative Risk Analysis: Quantitative Risk Analysis is the process of quantitatively analyzing the risk data. Remember, this should only be done if it's worth spending the time and effort analyzing the risk; else, it's better to move from Qualitative Risk analysis to Risk Response planning, which is the next step in Risk management.Usually, Quantitative Risk Analysis is done for highest risk on the project to further investigate them.So the updated list of Risk Register is the input to Quantitative Risk Analysis.The numerical quantitative risk data is usually collected by analyzing past project data or by expert judgment. Sometimes numerical data are also used for simulation and one of the simulation techniques is Monte Carlo Analysis.For example, using Monte Carlo Analysis you can check if the project is executed 100 times, what is the probability of completing the project on a specific date. Similar analysis can be done for the risk as well.Numerical data also helps in using Decision tree concept to objectively analyze project risks and impact.But again let me emphasize that, quantitative risk analysis should only be done when it's worth doing it. Usually large multi year project may require quantitative risk analysis.The output of this process is the quantified list of prioritized risks. Along with this, some times the amount of contingency reserve in terms of time and cost is also calculated as part of this process.
Views: 6418 SimplilearnTraining
How to Make a Risk Assessment Matrix
 
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Whether we are developing something new for a customer, or leading an initiative to improve the company, every project we undertake contains some level of uncertainty. Because of this, and particularly when the stakes are high, some level of risk analysis is always a good idea. Rather than just scoring risks as high, medium or low, this method will help you actually quantify a financial value for risk and unknowns that can be included in the project's business case. This video provides an overview of how to create a risk assessment matrix for your project. You can download the presentation shown from following page: http://www.managersresourcehandbook.com/project-risk-matrix-template/
How to Evaluate Risks Using Quantitative Risk Analysis
 
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Learn more about how to evaluate project risks using quantitative risk analysis at http://projectriskcoach.com/evaluating-risks-using-quantitative-risk-analysis/ Start learning more about project management and risk management in my Online Courses: http://projectriskcoach.com/courses Please subscribe to the channel and leave a comment below! Project Risk Coach: http://www.projectriskcoach.com Courses: http://www.projectriskcoach.com/courses LinkedIn: https://www.linkedin.com/in/harrythomashall Facebook: https://www.facebook.com/projectriskcoach Twitter: https://twitter.com/harrythall
Views: 6701 Harry Hall
Risk Analysis and Management
 
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Summary Defining assets in a risk analysis, identifying threats and the likelihood of the threats occurring, identifying the consequences of a threat occurring, and vulnerabilities that increase risk. Also covers common safeguards to reduce the impact of threats, securing equipment/data, and incident response (should be included in security policy). Reference Materials Guide to Network Defense and Countermeasures - Chapter 2 Additional Information NIST Guide on Risk Management: http://csrc.nist.gov/publications/nistpubs/800-30/sp800-30.pdf
Project Management Concept #26: Sensitivy Analysis vs EMV Analysis
 
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Passionate Project Management, www.PassionatePM.com, is pleased to sponsor this Passionate Project Management YouTube channel. Passionate Project Management specializes in project management learning, development, and consulting. Passionate Project Management offers open enrollment and private on-site courses delivered by the leading instructors in the industry. Passionate Project Management provides PMP Exam Prep, CAPM Exam Prep, PMI-RMP (Risk Management) Exam Prep, and PMI-ACP (Agile) Exam prep. This Video is a component of our Learning Concepts Series: 26. Sensitivity Analysis vs EMV narrated by Belinda Fremouw. Belinda was the first woman in the world to achieve the original five PMI Credentials. Her experience spans multiple decades, crosses several industries, and includes domestic and international project experience. Belinda is a well-known public speaker and author. Check out our website at www.PassionatePM.com for all of our course offerings and exam prep study materials. www.PassionatePM.com #PassionatePM #BelindaFremouw #BelindaPMP
Views: 5016 PM Learning Solutions
Risk Assessment of Construction projects - Part 1
 
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Risk Assessment of Construction projects. Part -1 - Tutorial 17 Mr. Sawant wants his Quality Manual to be simple, fast and relevant. He has realised the importance of addressing Risk for improved construction Quality. In this video we have outlined 10 major Activities on a construction project. We have also categorised the areas in Major – Minor or Low Risk based on our experience. We have also presented - Risk Factors, Project Constrains Risk Mitigation activities. These are not comprehensive , But in this Tutorial we have presented a simplified approach. In any project, if you do not consider the Risk involved or a detailed study of Risk associated with key activities – your project may land in trouble. “Project Management” is a High Risk item. You need to consider carefully various Risk Factors depending on the project. If you are working on a Metro Project – the Risks involved will be different- compared to Multi-storied Bldgs. Or Bridges or Dams or a Road project. Construction Industry needs to learn to evaluate Risk Factors carefully & work on Mitigating the risks so that our projects do not suffer from : TIME Over runs Cost Overruns And with Defective Quality. And save our Nation Thousands of crores of Rupees in Revenue. Risk Assessment video is divided in Two parts – Part 1 consists of 5 Major Activities Part 2 consists of the balance 5 Activities.
Views: 1179 Construction Learning
IT Risk Management Strategies  and Best Practices - Project Management Training
 
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Information technology (IT) has taken over! But have project managers fallen behind in developing strategies for IT risk management? Not Jennifer Bridges, PMP, https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=ITRiskManagement who has the straties and best practices you need.
Qualitative vs quantitative risk analysis
 
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Confused about ualitative and quantitative risk analysis? Watch the video, find out the difference! www.pmwars.com
Views: 12379 PMwars
29- What Is Qualitative Approach In Risk Analysis In Software Engineering In HINDI
 
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What Is Qualitative Approach In Risk Analysis In Software Engineering In HINDI: Qualitative analysis allows the main risk sources or factors to be identified. This can be done for example- brainstorming sessions- interviews - checklists When a qualitative risk analysis is performed, risk rating can be used an indication of the potential importance of risks on the program and mainly expressed as low, medium, and high(or Possibly low, medium low, medium, medium high, and high). 27- What is a Risk Analysis and Risk And Categories of Risk in Software Engineering https://youtu.be/b9DKxV29PTc 28- Risk Analysis - Types Of Risk in Software Project Development in Software Engineering https://youtu.be/QoYctKYZtto Website: http://www.tutorialsspace.com Instagram https://www.instagram.com/tutorialsspace/ #SoftwareEngineering, #SoftwareEngineeringLectures, #SoftwareEngineeringLecturesInHindi, #SoftwareEngineeringTutorialsInHindi, #SoftwareEngineeringTutorials,
Views: 4072 tutorialsspace
RiskyProject Project Risk Management and Analysis Software: What if Analysis
 
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The project activities that must be executed sometimes hinge on decisions that are made due to project conditions or performance. This webinar will show you how "what if" analysis can be used to plan and forecast project performance in situations where the course of the project is uncertain or decisions will be made during the course of a project. Project managers can use RiskyProject for planning, scheduling, quantitative and qualitative risk analysis, and performance measurement of projects with multiple risks and uncertainties. RiskyProject Professional: http://www.intaver.com/riskyprojectprof.html RiskyProject Lite: http://www.intaver.com/riskyprojectlite.html Tutorials: http://www.intaver.com/index-tutorial4.html Workflow: http://www.intaver.com/index-workflow.html Free 30-Day Trial:http://www.intaver.com/index-downloads.html Articles and Whitepapers: http://www.intaver.com/index-whitepapers.html Presentations: http://www.intaver.com/riskyproject_presentations.html Buy online: http://www.intaver.com/buy-riskyproject.html Intaver Institute Inc. is a leading innovator in the field of project management software, offering our clients unique, cost effective software solutions to their project and portfolio management challenges. Intaver Institute was founded in 2002 by respected technology executives, mathematicians, economists, and computer scientists. We come from different industries and have different backgrounds. Our staff members were involved in engineering and construction, IT infrastructure and software development, electronic design and manufacturing, mining and other types of projects. We believe that advanced technology based on operational research can significantly contribute to project management. Intaver Institute Inc. develops commercial software, provides training and consulting services, and perform scientific research in the area of project decision and risk analysis. Software Development Intaver Institute Inc. is a vendor of project risk management software RiskyProject. RiskyProject is a desktop-based project risk management software. RiskyProject helps project managers to perform project scheduling, quantitative risk analysis, and project performance measurement. Since it was officially launched in October 2004, RiskyProject has become one of the leading tools for quantitative project risk analysis. Among our clients are NASA, Boeing, Research in Motion, Canadian Department of National Defense, Siemens, PriceWaterhouseCoopers, EDS, Hewlett Packard, ICBC, Mosaic, Electronic Arts, Los Alamos National Laboratory, SAS, Westinghouse, Rockwell, and many others. RiskyProject is used in many industries including information technology and software development, pharmaceutical, construction, manufacturing, mining, and aerospace. RiskyProject is also actively used in education and nonprofit organizations. In 2006 ,Intaver Institute established university relationship program where RiskyProject is distributed for the use in accredited educational programs. Scientific Research and Technological Innovations Intaver Institute Inc. heavily invests in scientific research in the area of project management. We are dedicated to advancing and adding to our patent pending Event Chain Methodology. This technology is the foundation of our project management software product RiskyProject. Our research interests include project decision making including: psychology of judgment and decision-making in project management, probabilistic methods, visualization, and other related areas. Intaver Institute's staff publishes articles and scientific papers, gives presentation in conferences and symposiums, including events sponsored by Project Management Institute (PMI®). Our first book of project decision analysis will be published 2007 by Management Concepts. Training and Consulting Services Many our clients have established project management workflow and would like to customize our solution to meet their challenges. Intaver Institute Inc. performs software customization, training and risk management consulting for many companies. Intaver Institute offers customized training courses for project risk management and decision analysis. We teach our clients simple, but powerful techniques to identify and manage project risks and uncertainties and to mitigate the negative effect of psychological heuristics and biases in project management. Who we are? We are privately held company and headquartered in Calgary, Alberta, Canada and Berkeley, California, USA. All Intaver Institute's software is done in North America. Our core software development team is located in our Calgary headquarters.
Views: 3024 michaeltrumper
11.4 Perform Quantitative Risk Analysis Process | Project Risk Management || whatispmp.com
 
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11.4 Perform Quantitative Risk Analysis Process | Project Risk Management. Check out link ►► http://whatispmp.com/perform-quantitative-risk-analysis/ ========================================= Chapter 11: Project Risk Management Knowledge Area:- ========================================= 11.1 Plan Risk Management Process: http://whatispmp.com/plan-risk-management/ 11.2 Risk Identification Process: http://whatispmp.com/risks-identification-process/ 11.3 Perform Qualitative Risk Analysis Process: http://whatispmp.com/perform-qualitative-risk-analysis/ 11.4 Perform Quantitative Risk Analysis Process: http://whatispmp.com/perform-quantitative-risk-analysis/ 11.5 Plan Risk Responses Process: http://whatispmp.com/plan-risk-responses/ 11.6 Monitor and Control Risks Process: http://whatispmp.com/monitor-and-control-risks-process/ 11.7 Risk Tolerance: http://whatispmp.com/risk-tolerance/ 11.8 Risk Roles and Responsibilities: http://whatispmp.com/risk-roles-and-responsibilities/ ~~~~~~~~~~~~~~~~~~~~~~~~~ 11.4 Perform Quantitative Risk Analysis Process | Project Risk Management Knowledge Area. ~~~~~~~~~~~~~~~~~~~~~~~~~ Activities to Perform Quantitative Risk Analysis delve further into identified risks by assigning a cost or other impact measurements to them. Quantitative risk analysis at the individual risk level can then be aggregated into estimates for the probability of achieving project objectives, like scope, budget, and schedule. Quantitative risk analysis will be repeated as new risks are identified or as it's deemed necessary for other identified risks. For project-level risk analysis, quantitative will reoccur frequently during risk monitoring and control to keep tabs on whether the project's overall risk level has changed. Since qualitative analysis is much more time consuming than qualitative, it's normally performed only on high priority risks. The risk management plan establishes how quantitative analysis is to be carried out and who has what responsibilities for it, and the project schedule and budget indicate the time and money that can be spent on quantitative analysis activities. Quantitative analysis results in updates to the risk register by expanding upon the risk data already collected. Data needed for quantitative analysis can come from historical information or commercial risk databases, but further interviews with risk professionals, subject matter experts, and the project team may be needed to gather estimates and likely risk scenarios if these weren't fully discussed during risk identification. Though the goals of quantitative analysis may differ between project types and risk types, the broad goal is to establish more definitive probability assessments and solidifying scope, time, cost, and quality ramifications of risks. Perform Quantitative Risk Analysis Process Decomposition 11.4.1 Perform Quantitative Risk Analysis: Inputs Risk register The risk register is a comprehensive list of all threats and opportunities the project faces. It also contains supplementary data about each risk, including its impact, probability, risk response, budget, risk owner, and contingency and fallback plans. Risk management plan The risk management plan is a component of the project management plan. It details and defines the risk management activities for the project. The plan establishes the risk methodology, risk roles and responsibilities, risk categories, probability and impact scales, risk tolerances, frequencies of risk management activities and reporting, and the budget and schedule for risk management activities. Cost management plan The cost management plan is a part of the project management plan, and it establishes how project costs will be planned for, estimated, organized, reported on, forecasted, and managed. Check out link ►► http://www.whatispmp.com/perform-quantitative-risk-analysis/ ============================ Share video: https://youtu.be/9GCPU9QfSm0 ============================ Subscribe to our channel: https://goo.gl/pJeXcj website: http://whatispmp.com Facebook: https://fb.me/whatispmp Google+: https://goo.gl/FQGzT5 ============================ PMP Tutorial ►► http://whatispmp.com/PM-Tutorial --------------------------------------------------------- This tutorial covers the following subject matter: Knowledge Areas: • Project Integration Management. • Project Scope Management. • Project Time Management. • Project Cost Management. • Project Quality Management. • Project Human Resource Management. • Project Communications Management. • Project Risk Management. • Project Procurement Management. Process Groups: • Initiating Processes. • Planning Processes. • Executing Processes. • Monitoring & Controlling Processes. • Closing Processes. ============================ Share video: https://youtu.be/9GCPU9QfSm0 ============================ What is PMP, PMP Training, PMP Certification, PMP Exam Preparation, Project Management Professional Course.
Views: 159 What is PMP?