In today’s fast-paced projects, risks can appear at any moment—and knowing how to manage them is what sets great professionals apart. Risk Analysis teaches you to identify, assess, and mitigate risks before they become problems. Start with qualitative tools such as FMEA, Fault Tree Analysis, Affinity Diagrams, and the Analytic Hierarchy Process (AHP) to uncover potential issues, map their causes, and prioritize them effectively.
Risk Analysis
Risk Analysis
This course is part of Risk Management Professional (PMI-RMP®) Certification Course Specialization
Instructor: LearnKartS
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4.8
(13 reviews)
Intermediate level
Recommended experience
7 hours to complete
Flexible schedule
Learn at your own pace
What you'll learn
Identify and prioritize risks using qualitative tools such as FMEA, Fault Tree Analysis, Affinity Diagrams, & AHP to support stronger early decisions
Apply quantitative metrics such as SV, SPI, CV, CPI, and EAC to track schedule and budget health with objective, data-backed control
Forecast uncertainty using Monte Carlo simulation, tornado charts, decision trees, and network sensitivity to plan realistic risk responses
Assess risk complexity, compare response options, and develop effective mitigation strategies that protect outcomes in dynamic project environments
Skills you'll gain
Details to know
Shareable certificate
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Assessments
15 assignments
Taught in English
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This course is part of the Risk Management Professional (PMI-RMP®) Certification Course Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
- Learn new concepts from industry experts
- Gain a foundational understanding of a subject or tool
- Develop job-relevant skills with hands-on projects
- Earn a shareable career certificate
There are 2 modules in this course
This module covers a comprehensive range of techniques essential for effective risk analysis, beginning with the risk analysis process, qualitative risk analysis techniques, and advanced methodologies such as FMEA, the Analytic Hierarchy Process (AHP), Affinity diagrams, Influence diagrams, System Dynamics, and Risk Ranking.
What's included
15 videos6 assignments
This module starts with an in-depth exploration of quantitative risk analysis and the application of Waterfall model metrics. Learners gain expertise in metrics such as budget at completion, earned value, and cost variance. The module introduces advanced quantitative techniques, including Monte Carlo simulations, PERT analysis, and sensitivity analyses using Tornado diagrams.
What's included
27 videos1 reading9 assignments
Earn a career certificate
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Instructor
Instructor ratings
4.9 (8 ratings)131 Courses145,531 learners
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Frequently asked questions
This course is the fourth course in the PMI-RMP® specialization course. Hence, this course requires you to have basic understanding of concepts covered in the first 3 courses - Project Management and Risk Fundamentals, Risk Strategy and Planning, and Risk Identification.
Yes, you will receive the course certificate upon completing the videos and quizzes provided in the course.
While completing this course and other courses in the PMI-RMP® specialization provides valuable knowledge and skills aligned with the PMI-RMP® exam content, certification is awarded by the Project Management Institute (PMI®) upon successful completion of the RMP® exam and meeting other eligibility criteria set by PMI®.
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Financial aid available,