40 Days to PMP Exam Success Day 3 - Perform Qualitative Risk Analysis

Описание: 40 Days to PMP Exam Success Day 3 - Qualitative Risk Analysis

At the end of this lesson, know the following terms. Understand how these are relevant to today's process. Check the PMBOK Guide for any you are not aware of:
Expected Monetary Value
Evaluating Probability and Impact
Probability Distribution Types (Uniform, Triangular, Beta & Normal)
Tornado Diagram
Monte Carlo Simulation
Decision Tree Analysis
Quantitative Risk Analysis and Modeling Techniques
Data Gathering and Representation Techniques

Homework for today:
Homework for today:

-You have 1000 identified risks. Discuss how you would prioritize them. Give examples.
What is a risk urgency assessment?
-What makes a risk more urgent than another? Give examples.
Discuss how you would perform a risk data quality assessment on risk data so far gathered.
-Describe ways you could rate the probability of a risk occuring.
-What is a "risk score" and how would you calculate it?
-You have 5 risks in a risk register. Describe would you score the risks and what you would do with the information.
-What is the output of Perform Qualitative Risk Analysis?
-Mention some of the other processes that use outputs from the Perform -Qualitative Risk Analysis process.
-In which process are risks categorized?.
-Is the probability and impact matrix used for positive risks, negative risks or both?
-Impact Rating = 5, Probability Rating = 9, what is the Risk Score?
-The output of this process is Risk Register Updates. Discuss what exactly is updated at this point.
-What is motivational bias?
-What is cognitive bias?
-Discuss probability and impact scales.
-Discuss assumptions testing.
-Discuss risk ranking.
-How does identifying common causes of risk help you in risk management?