Professional Education

PMP 9 - Project Risk Management (Fourth Edition)

This course was designed as a supplemental study guide for the major content areas of Chapter 11 of A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fourth Edition. In this course, you will define the core elements of risk management, including the risk register. You will also understand how risks are identified, prioritized, quantified and used in decision-making.

NOTE: As of July 1, 2009, the PMP® certification exam will align with the Fourth Edition of the PMBOK® Guide. This course prepares learners who plan to take the updated exam.

After completing this course, you'll be able to:

1. Define risk and explain how it can impact a project
2. Understand the components of the risk management plan and risk register and their relationship to the project management plan
3. Understand the techniques involved in risk identification and analysis
4. Explain how the probability and impact of risk can be assessed and how risk events can be prioritized
5. Understand the difference between qualitative risk analysis and quantitative risk analysis and explain when either or both should be used
6. Understand how to make project decisions when outcomes are complex and are affected by uncertainty
7. Explain how risk planning, risk analysis, risk response planning, and risk monitoring and controlling are related
8. Understand the various management responses to positive and negative risks
9. Explain the Monitor and Control Risks process and understand that risks must be monitored throughout the project life cycle

This course is self-paced and online. You will have access to this course for 30 days.

Target Audience: This course is designed for adult learners with some project management experience.

Level: Intermediate

Prerequisites: Learners should have some experience in project management and will need to have access to the Project Management Institute's A Guide to the Project Management Body of Knowledge, Fourth Edition (PMBOK Guide).

Estimated time to complete: 3.5 hours of online course work

Cost: $79.00

Duration: 30 days

PDUs awarded upon successful completion: 3.5

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