Project risk management is a key responsibility of the project manager. It requires qualitative and quantitative risk analysis in order to assess risk probability and impact in order to prepare for and mitigate against factors that can derail the project.
In this course, you'll explore using tools like a probability and impact matrix, risk categorization, and risk urgency assessments to define potential risks. You'll also learn about data gathering and representation techniques for risk modeling, including decision trees, tornado diagrams, and expected monetary value (EMV). This course will assist learners in preparing for PMI’s PMP Exam (2021 Update).