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Project Risk Management : Comprehensive Group Coaching for PMP Exam

Welcome to a special video on Risk Management! 🎉 This video was initially a small group discussion that wasn’t intended for public release. However, after reviewing the session, I saw its value and decided to edit out participant references so I could share it with a wider audience. 😄 This video differs from my usual fast-paced content. Instead, it’s a slower, more in-depth conversation where the focus is on ensuring everyone involved fully grasps the material. If you're looking for a thorough, detailed exploration of risk management, this video is for you! 💡 What we cover in this video: ⏩ 1. What is Risk? We kick things off by explaining the concept of risk and how uncertainty can impact project outcomes. Learn about the structured approaches we use to tackle these challenges. 📊 ⏩ 2. Developing a Risk Management Strategy Next, we dive into creating a solid risk management strategy. We discuss risk appetite, thresholds, and how these factors shape the approach for managing risk in your project. 🛠️ ⏩ 3. Creating a Risk Management Plan Here, we go beyond theory and into practical applications. Learn how to build a Risk Management Plan, complete with templates like the risk register, and how to use them effectively in your projects. 📑 ⏩ 4. Identifying Risks We walk you through the process of identifying risks using real-world scenarios. Learn how to capture risks and document them properly using a Risk Register. 🕵️‍♂️ ⏩ 5. Qualitative & Quantitative Risk Assessment A large part of this video is dedicated to risk assessment. We explain how to prioritize risks using qualitative and quantitative methods to evaluate the probability and impact of each risk. ⚖️ ⏩ 6. Risk Response Planning Finally, we cover how to create a risk response plan, detailing strategies like mitigation, avoidance, transfer, and acceptance depending on the nature of the risks. 🎯 This video is an interactive, slower-paced session designed to help viewers like you better understand the key aspects of risk management. It’s more conversational and focused on clarity, making it easier for you to apply these insights in your projects. 🎓 📍 Don’t forget to like, comment, and subscribe for more in-depth content like this. Also, let me know in the comments if this slower, detailed format works for you! #projectmanagement #pmpcertification #pmpexamprep #pmpexamprep 00:00 Introduction 02:40 Understanding Project 11:00 Defining Risk 15:07 SWOT Analysis 20:09 Probability and Impact 30:50 Creating Risk Strategy 37:41 Risk Management Plan 01:07:46 Case Study for Risk Identification