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PMI-RMP: FREQUENTLY ASKED QUESTIONS FOR 2021

Project Risk Coach

The PMI Risk Management Professional (PMI-RMP)® is one of the eight PMI certifications. Individuals with this certification possess specialized knowledge and expertise in planning for risk management, identifying risks, evaluating risks, developing and implement risk responses, and monitoring risks.

PMI 259
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PMI-RMP® Training for the New Exam

Project Risk Coach

And the Reference Materials include two new PMI® Standards: The Standard for Project Management (found in the PMBOK® Guide, Seventh Edition 2021 ) The Standard for Risk Management in Portfolios, Programs, and Projects (2019) So, why do these new standards matter? Why Take the Risk? Yes, the new standards. Become a PMI-RMP® - Join Now!

PMI 221
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Understanding What is Quantitative Risk Analysis

Project Pulse Journal

Shick, MSPM, PMP, CSM In the dynamic world of projects, risks are omnipresent. Every decision brings along its own set of uncertainties and complicated risks. Enter the realm of quantitative risk analysis. Essential tools such as Decision Trees and Monte Carlo Simulation enable thorough risk evaluations.

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PRINCE2: The Project Management Method Explained

Rebel’s Guide to PM

PRINCE2® was released in 1996 and had major updates in 2009 and 2017. You should look at what happened on past projects because that helps mitigate risk on your current project. You can tailor to fit the project’s: Size Importance Environment Team culture Risk Complexity. You’ll record your risks is a risk log.

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AI Hype vs. Reality: Project Management Reimagined

The IIL Blog

” – Steven Hawking (2017) “Robots will be able to write most books, scripts, and articles by 2025.” AI can help in risk assessment, resource allocation, and predicting project outcomes. There is a risk that AI systems may perpetuate or exacerbate biases and inequalities if not designed carefully.

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Product Discovery for Scrum Teams

Scrum.org

This approach provides fast feedback and reduces the risk of building something not valuable to customers. It helps keep the Product Backlog filled with well-defined and validated items, reducing the risk of wasting effort on unwanted features. Use it to validate assumptions and mitigate risk, especially in highly uncertain projects.

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Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003.