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Study Guide For The Risk Managm Abdulla Alkuwaiti

Risk Universe




  FRONT COVER INSIDE FRONTCOVER  2 STUDY GUIDE FOR THE PMI RISK MANAGEMENT PROFESSIONAL® EXAM  Second Edition Abdulla J. Al Kuwaiti, RMP, PMP Printed in the United Arab Emirates Copyrights (c) 2013 by Abdulla J. Alkuwaiti All rights reserved. No part of the contents of this book may bereproduced or transmitted in any form or by any means withoutthe written permission of the author Examples and exercises in this book are fictitious. No associationwith any real company, product, name or event is intended or should be inferredThis book expresses the author’s views and opinions. Theinformation contained in this book is provided without anyexpress, statutory, or implied warranties. The author will not beheld liable for any damages caused or alleged to be caused, either directly or indirectly, by this book   “PMP,” “RMP,” “PMBOK,” and “PMI” are marks of the ProjectManagement Institute, Inc. All trademarks are trademarks of their respective ownersIntroduction 02 The “Memorize then Understand” Framework 04First, Know the Rules of the Exam 04 More on the PMBOK 05How to Apply for the RMP Exam 07 Chapter 2: Essentials 12What You Need to Know to Prepare for the Exam 12The Risk Model 12Expected Monetary Value (EMV) 16Three-point Estimation 16Decision Trees 17Earned Value Analysis (EV) 20Modeling and Simulation 21Probability Distribution 26Sensitivity Analysis 28Contract Types 29Assumptions 30Work Breakdown Structure (WBS) 32Quality Tools 33Leadership Styles 35Motivation Theories 37Organizational Structure 38 Chapter 3:  Communication and Stakeholders 44Stakeholders 44Communication Basics 46Communication Methods 48Communication Technology 49Communication Skills 50Stakeholder Identification (The Stakeholder Register) 51Stakeholder Classification 51 Chapter 4: Introduction to Risk Management 56The Risk Management Processes 57When to Start Risk Management 59Inputs/Outputs 64Tools for Risk Planning 64Tools for Risk Identification 66Tools for Qualitative Risk Assessment 70Tools for Quantitative Risk Analysis 72Tools for Risk Response 74Tools for Risk Monitoring and Control 81Inputs for Risk Management 82Outputs 86Inputs and Outputs 87Risk Management Plan 88Project Management Plan 90Risk Register 91