Learn how to develop a risk management plan by assessing risks and choosing risk responses.
- [Voiceover] A Risk Management Plan…helps you prepare for dealing with the risks…you might encounter during the project.…Once you have a Risk Management Plan in place,…you've already decided how to respond…when risks become reality.…So, you're ready to make informed and prudent decisions.…After you identify risks, the next step…in developing a Risk Management Plan…is to analyze each risk you've identified.…
Analyzing risks boils down to asking two questions.…First, ask, what is the likelihood that the risk will occur?…For example, state of the art technology is renowned…for being problematic, so technology risks are likely.…The second question is, how big is the impact…if it does occur?…If the new technology isn't dependable…or doesn't work at all, the impact on a conference…at the conference center is significant.…
Ask the same people who helped you identify risks…to assess their probability and impact.…After you analyze all the risks,…the next step is to prioritize the risks…and decide which ones you're going to manage.…
Bonnie Biafore has always been fascinated by how things work and how to make things work better. In this course, she explains the fundamentals of project management, from defining the problem, establishing project goals and objectives, and building a project plan to managing team resources, meeting deadlines, and closing the project. Along the way, she provides tips for reporting on project performance, keeping a project on track, and gaining customer acceptance.
Lynda.com is a PMI Registered Education Provider. This course qualifies for professional development units (PDUs). To view the activity and PDU details for this course, click here.
The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
- Defining the components of a project
- What it takes to be a project manager
- Using project management software like Microsoft Project
- Managing project scope, budget, and schedule
- Managing project resources, including people
- Managing project risk
- Initiating a project
- Identifying and managing stakeholders
- Identifying requirements and deliverables
- Developing a project plan
- Building a project schedule
- Assigning resources to tasks
- Understanding the critical path
- Running the project
- Managing teams
- Monitoring performance
- Closing a project
Skill Level Beginner
1. Getting to Know Project Management
2. Exploring Project Management Knowledge Areas
3. First Things First
How to develop requirements4m 19s
4. Developing a Project Plan
5. Building a Project Schedule
6. While You Run the Project
7. Working with Teams
8. Monitoring and Controlling Progress and Performance
9. Closing a Project
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