PMP Exam: Risk
December 24th, 2010
PMP exam revision guide, with a summary of the main points with which you need to be familiar before taking the PMP exam. The numbers refer to chapters in the PMBOK Guide.
PROJECT RISK MANAGEMENT
Review of the processes involved with identifying, analyzing, and controlling risks for the project.
11.1 Plan Risk Management
- Definition of Risk
- Business and Pure Risks
- Risk Utility
- Risk Categories and Risk Breakdown Structure
11.2 Identify Risks
- Brainstorming
- Delphi Technique
- Strengths / Weaknesses / Opportiunities / Threats
- Risk Register
11.3 Perform Qualitative Risk Analysis
- Probability and Impact Matrix
- Risk Rating Matrix
11.4 Perform Quantitative Risk Analysis
- Sensitivity Analysis
- Expected Monetary Value
- Decision Tree Analysis
- Monte Carlo Simulation
11.5 Plan Risk Responses
- Threats: Mitigate, Avoid, Transfer, Accept
- Opportunities: Exploit, Accept, Share, Enhance
11.6 Monitor and Control Risks
- Risk Reassessment
- Variance and Trend Analysis