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Casey Ayers

Updated to align with the 6th Edition of the PMBOK® Guide, this course covers the Project Risk Management knowledge area. Learn how to identify risks, plan for risk management, analyze risk factors, and develop, implement, and monitor risk responses.

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Updated to align with the 6th Edition of the PMBOK® Guide, this course covers the Project Risk Management knowledge area. Learn how to identify risks, plan for risk management, analyze risk factors, and develop, implement, and monitor risk responses.

Updated to align with the 6th Edition of the PMBOK® Guide, this course, Project Risk Management is the eleventh course in Pluralsight’s series preparing you for the newest version of the PMP® exam. This course explores many of the processes found in the Project Risk Management knowledge area. First, you'll begin with a look at effective risk management planning. Next, you'll learn how project risk factors are identified, how to apply qualitative and quantitative analysis techniques to better understand risk probabilities and impacts, and how to develop and implement risk responses. Finally, you'll learn how to monitor the project risk environment to ensure nothing stands between you and project success. By the end of this course, you'll be better prepared to assess and navigate your project's risk environment, negating threats and capitalizing on opportunities that can enhance your project's success.

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What's inside

Syllabus

Course Overview
Planning Risk Management
Identifying Project Risks
Performing Qualitative Risk Analysis
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Performing Quantitative Risk Analysis
Planning Risk Responses
Implementing Risk Responses
Monitoring Project Risks

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Examines project risk management, which is standard in almost any industry
Taught by Casey Ayers, who are recognized for their work in project risk management
Useful for students who want to deepen their understanding of project risk management
Develops skills that are useful for personal growth and development
Prerequisites: Learners should be familiar with the PMBOK® Guide

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Project Risk Management with these activities:
Review Project Risk Management Concepts
Prepare for a deep dive into project risk management by reviewing its essential concepts and principles.
Browse courses on Project Risk Management
Show steps
  • Read through the PMBOK® 6th Edition's Project Risk Management knowledge area.
  • Go through Pluralsight's introductory course on Project Risk Management.
Consolidate Study Materials
Stay organized and track your progress by compiling all relevant course materials.
Show steps
  • Gather notes, assignments, and practice exercises.
  • Organize them into a logical structure.
Identify and Quantify Project Risks
Enhance your risk management skills by practicing identifying and quantifying project risks.
Browse courses on Risk Identification
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  • Use a risk identification checklist to identify potential risks.
  • Analyze each risk to determine its probability and impact.
Five other activities
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Participate in Risk Management Discussion Groups
Expand your perspectives and enhance understanding by engaging in discussions with peers.
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  • Join online forums or discussion groups.
  • Actively participate in discussions, share insights, and ask questions.
Master Qualitative Risk Analysis Techniques
Gain proficiency in qualitative risk analysis by following expert tutorials.
Browse courses on Qualitative Risk Analysis
Show steps
  • Review the concepts of qualitative risk analysis.
  • Apply these techniques to real-world project scenarios.
Review 'Effective Project Risk Management' by John Chapman
Deepen your understanding through a comprehensive book that provides real-world examples and practical insights.
Show steps
  • Read through the book, highlighting key concepts.
  • Take notes and summarize the main ideas.
Develop a Risk Response Plan
Solidify your understanding of risk response planning by creating a comprehensive plan for a project.
Browse courses on Risk Response Planning
Show steps
  • Identify the risks that need to be addressed.
  • Develop response strategies for each risk.
  • Assign responsibilities for implementing the responses.
Explore Advanced Risk Management Tools and Techniques
Enhance your risk management toolkit by learning advanced techniques and tools.
Show steps
  • Research and identify advanced risk management tools.
  • Follow tutorials to learn how to use these tools effectively.

Career center

Learners who complete Project Risk Management will develop knowledge and skills that may be useful to these careers:
Risk Manager
Risk Managers identify, assess, and manage risks that could impact an organization's operations, reputation, or financial performance. They develop and implement risk management strategies to minimize the impact of potential risks. This course provides a solid foundation in project risk management principles and techniques, which are essential for Risk Managers to have. It will help you understand the different types of risks that projects face, how to assess their likelihood and impact, and how to develop effective risk management plans.
Project Manager
Project Managers plan and lead projects, ensuring that they are completed within budget, on time, and to the required standard. They identify, assess, and mitigate risks that could impact the project's success. This course provides a comprehensive overview of project risk management, covering topics such as risk identification, analysis, and response planning. It will help you develop the skills and knowledge needed to effectively manage project risks and increase the likelihood of project success.
Project Risk Analyst
Project Risk Analysts identify, assess, and mitigate risks that could impact a project's success. They work closely with Project Managers to develop and implement risk management plans. This course provides a comprehensive overview of project risk management, covering topics such as risk identification, analysis, and response planning. It will help you develop the skills and knowledge needed to succeed as a Project Risk Analyst.
Risk Consultant
Risk Consultants advise organizations on how to identify, assess, and manage risks. They help organizations develop and implement risk management strategies and provide risk management training. This course provides a solid foundation in project risk management principles and techniques, which are essential for Risk Consultants to have. It will help you understand the different types of risks that organizations face, how to assess their likelihood and impact, and how to develop effective risk management plans.
Business Analyst
Business Analysts identify, analyze, and document business requirements. They work with stakeholders to understand their needs and develop solutions that meet those needs. This course provides a good overview of project risk management principles and techniques, which can be helpful for Business Analysts to have. It will help you understand the different types of risks that projects face, how to assess their likelihood and impact, and how to develop effective risk management plans.
Auditor
Auditors examine financial records and other documents to ensure that they are accurate and compliant with regulations. They identify and assess risks that could impact the organization's financial performance. This course provides a good overview of project risk management principles and techniques, which can be helpful for Auditors to have. It will help you understand the different types of risks that organizations face, how to assess their likelihood and impact, and how to develop effective risk management plans.
Compliance Officer
Compliance Officers ensure that their organizations comply with all applicable laws and regulations. They identify and assess risks that could impact the organization's compliance with these laws and regulations. This course provides a good overview of project risk management principles and techniques, which can be helpful for Compliance Officers to have. It will help you understand the different types of risks that organizations face, how to assess their likelihood and impact, and how to develop effective risk management plans.
Investment Analyst
Investment Analysts provide investment advice to individuals and organizations. They identify and assess risks that could impact the performance of their clients' investments. This course provides a good overview of project risk management principles and techniques, which can be helpful for Investment Analysts to have. It will help you understand the different types of risks that investments face, how to assess their likelihood and impact, and how to develop effective risk management plans.
Financial Analyst
Financial Analysts provide financial advice to individuals and organizations. They identify and assess risks that could impact the financial performance of their clients. This course provides a good overview of project risk management principles and techniques, which can be helpful for Financial Analysts to have. It will help you understand the different types of risks that organizations face, how to assess their likelihood and impact, and how to develop effective risk management plans.
IT Auditor
IT Auditors examine the IT systems and processes of organizations to ensure that they are secure and compliant with regulations. They identify and assess risks that could impact the organization's IT systems and data. This course provides a good overview of project risk management principles and techniques, which can be helpful for IT Auditors to have. It will help you understand the different types of risks that IT systems face, how to assess their likelihood and impact, and how to develop effective risk management plans.
Product Manager
Product Managers are responsible for the development and launch of new products. They identify and assess risks that could impact the success of the product. This course provides a good overview of project risk management principles and techniques, which can be helpful for Product Managers to have. It will help you understand the different types of risks that products face, how to assess their likelihood and impact, and how to develop effective risk management plans.
Quality Assurance Manager
Quality Assurance Managers are responsible for ensuring that the products and services of their organization meet the required standards. They identify and assess risks that could impact the quality of the products and services. This course provides a good overview of project risk management principles and techniques, which can be helpful for Quality Assurance Managers to have. It will help you understand the different types of risks that products and services face, how to assess their likelihood and impact, and how to develop effective risk management plans.
Management Consultant
Management Consultants provide advice to organizations on how to improve their performance. They identify and assess risks that could impact the organization's operations, strategy, or financial performance. This course provides a good overview of project risk management principles and techniques, which can be helpful for Management Consultants to have. It will help you understand the different types of risks that organizations face, how to assess their likelihood and impact, and how to develop effective risk management plans.
Operational Risk Analyst
Operational Risk Analysts identify and assess risks that could impact the organization's operations. They develop and implement risk management strategies to minimize the impact of potential risks. This course provides a good overview of project risk management principles and techniques, which can be helpful for Operational Risk Analysts to have. It will help you understand the different types of risks that organizations face, how to assess their likelihood and impact, and how to develop effective risk management plans.
Risk Management Analyst
Risk Management Analysts identify and assess risks that could impact an organization's operations, reputation, or financial performance. They develop and implement risk management strategies to minimize the impact of potential risks. This course provides a good overview of project risk management principles and techniques, which can be helpful for Risk Management Analysts to have. It will help you understand the different types of risks that organizations face, how to assess their likelihood and impact, and how to develop effective risk management plans.

Reading list

We've selected 22 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Project Risk Management.
Is the official guide to the Project Management Body of Knowledge (PMBOK® Guide), which is the world's leading standard for project management. It provides a comprehensive overview of the project management process, including risk management.
A thorough guide to project risk management, based on the PMBOK® Guide, this book provides an in-depth exploration of concepts, principles, and practices. It serves as a comprehensive reference for students and practitioners alike.
Comprehensive guide to risk management in projects. It covers risk identification, analysis, response planning, and monitoring.
Authored by the Project Management Institute (PMI), this handbook serves as a valuable reference for project managers. It provides comprehensive guidance on risk management practices, tools, and techniques, aligning with PMI's standards and best practices.
Provides a comprehensive overview of corporate risk management, with a focus on practical guidance and tools. It must-read for anyone interested in risk management.
Specifically focusing on quantitative risk analysis techniques, this book offers practical guidance on risk assessment, risk modeling, and risk evaluation. It provides valuable insights into probabilistic and statistical methods essential for project risk management.
Detailed guide to project risk management, and it has references from the PMBOK as its conceptual basis. This book will aid in preparing for the Project Management Professional (PMP) exam. It covers all areas of risk management, including identification, assessment, response planning, and monitoring.
Provides a comprehensive overview of risk management in projects and programs. It covers the key concepts, processes, and techniques for identifying, analyzing, and managing risks effectively throughout the project lifecycle.
Introduces a lean approach to project risk management, emphasizing the importance of continuous improvement and value delivery. It provides practical techniques for identifying and mitigating risks while optimizing project outcomes.
With a focus on practical implementation, this guide provides step-by-step instructions for risk identification, assessment, and mitigation. It covers both qualitative and quantitative risk analysis techniques and includes case studies for better understanding.
Provides a comprehensive overview of risk analysis and management for engineers, with a focus on practical techniques and applications. It covers the entire risk management process, from risk identification to risk mitigation and monitoring.
Comprehensive guide to quantitative risk analysis in project management. It covers a variety of statistical and mathematical techniques for assessing and managing risk.
Provides a guide to risk management for practitioners, with a focus on the ISO 31000 risk management standard. It covers the entire risk management process, from risk identification to risk mitigation and monitoring.
Provides a fascinating exploration of the impact of highly improbable events, such as the financial crisis of 2008. It must-read for anyone interested in risk management.
Provides a thought-provoking exploration of the concept of antifragility, which is the ability to thrive in the face of adversity. It must-read for anyone interested in risk management.
This guide offers a practical approach to project risk analysis, emphasizing the importance of identifying and managing risks throughout the project lifecycle. It covers both qualitative and quantitative analysis methods and provides practical examples.
Provides a high-level overview of project risk management for executives and senior managers. It covers the key principles, processes, and techniques for managing risks at the strategic level.
This standard provides a framework for risk management practices, applicable to various organizational contexts. It offers guidance on risk identification, assessment, and mitigation strategies, complementing the principles discussed in the course.
Provides an introduction to project risk management, with a focus on the key concepts and principles. It covers the entire risk management process, from risk identification to risk mitigation and monitoring.
Provides a guide to risk management for decision makers, with a focus on the key concepts and principles. It covers the entire risk management process, from risk identification to risk mitigation and monitoring.
Presents a comprehensive guide to risk management across the enterprise. It covers all aspects of risk management, including risk assessment, risk mitigation, and risk monitoring.

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