Learn more about how to evaluate project risks using quantitative risk analysis at http://projectriskcoach.com/evaluating-risks-using-quantitative-risk-analysis/ Start learning more about project management and risk management in my Online Courses: http://projectriskcoach.com/courses Please subscribe to the channel and leave a comment below! Project Risk Coach: http://www.projectriskcoach.com Courses: http://www.projectriskcoach.com/courses LinkedIn: https://www.linkedin.com/in/harrythomashall Facebook: https://www.facebook.com/projectriskcoach Twitter: https://twitter.com/harrythall
Views: 6703 Harry Hall
This video describes Risk Analysis Techniques - Qualitative and Quantitative. It also describes techniques to do Qualitative and Quantitative Risk Analysis along with developing rating scales. -~-~~-~~~-~~-~- Please watch: "Introduction to MS Paint" https://www.youtube.com/watch?v=fhIGiUWdkzY -~-~~-~~~-~~-~-
Views: 21807 Project Management
Lets learn about the important Tools and Techniques used in Perform Quantitative Risk Analysis in PMI PMP PMBOK based project management tutorial: Here are some Data Gathering and Representation Techniques for your reference which is part of perfom quantitative risk analysis. interviewing: Interviewing techniques draw on experience and historical data to quantify the probability and impact of risks on project objectives. The information needed depends upon the type of probability distributions that will be used. For instance, information would be gathered on the optimistic ,pessimistic, and most likely scenarios for some commonly used distributions. Here is an Example of three point estimates for cost. Probability distributions: Continuous probability distributions, which are used extensively in modelling and simulation, represent the uncertainty in values such as durations of schedule activities and costs of project components. Discrete distributions can be used to represent uncertain events, such as the outcome of a test or a possible scenario in a decision tree. Here are the two widely used continuous distribution for your reference. Beta Distribution and ,Triangular Distribution Here are the perform quantitative risk analysis another tools Quantitative Risk Analysis and Modeling Techniques. Sensitivity analysis: Sensitivity analysis helps to determine which risks have the most potential impact on the project. It helps to understand how the variations in project’s objectives correlate with variations in different uncertainties Expected monetary value analysis: Expected monetary value (EMV) analysis is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen (i.e., analysis under uncertainty). Modeling and simulation: A project simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives. Simulations are typically performed using the Monte Carlo technique. Expert Judgment
Views: 2639 Kavin Kumar
Passionate Project Management, www.PassionatePM.com, is pleased to sponsor this Passionate Project Management YouTube channel. Passionate Project Management specializes in project management learning, development, and consulting. Passionate Project Management offers open enrollment and private on-site courses delivered by the leading instructors in the industry. Passionate Project Management provides PMP Exam Prep, CAPM Exam Prep, PMI-RMP (Risk Management) Exam Prep, and PMI-ACP (Agile) Exam prep. This Video is a component of our Learning Concepts Series: 2. Qualitative versus Quantitative Risk Analysis narrated by Belinda Fremouw. Belinda was the first woman in the world to achieve the original five PMI Credentials. Her experience spans multiple decades, crosses several industries, and includes domestic and international project experience. Belinda is a well-known public speaker and author. Check out our website at www.PassionatePM.com for all of our course offerings and exam prep study materials. www.PassionatePM.com #PassionatePM #BelindaFremouw #BelindaPMP
Views: 23334 PM Learning Solutions
Security+ Training Course Index: http://professormesser.link/sy0401 Professor Messer’s Course Notes: http://professormesser.link/sy0401cn Frequently Asked Questions: http://professormesser.link/faq - - - - - Risk factors can take many forms. In this video, you’ll learn how to asses both quantitative and qualitative risk factors in your environment. - - - - - Download entire video course: http://professormesser.link/401adyt Get the course on MP3 audio: http://professormesser.link/401vdyt Subscribe to get the latest videos: http://professormesser.link/yt Calendar of live events: http://www.professormesser.com/calendar/ FOLLOW PROFESSOR MESSER: Professor Messer official website: http://www.professormesser.com/ Twitter: http://www.professormesser.com/twitter Facebook: http://www.professormesser.com/facebook Instagram: http://www.professormesser.com/instagram Google +: http://www.professormesser.com/googleplus
Views: 62603 Professor Messer
Watch as Jennifer Bridges, PMP, https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=CreatingaProjectPMSoftwareTutorial as she explains why you need to analyze risk and how to do it effectively.
Views: 11019 Project Management Videos
MSc in Quantitative Financial Risk Management (QFRM) develops the mathematical skills needed to make sound risk management decisions in the ever-changing financial markets. Graduates with such skills are highly desirable to employers who, typically, have developed their "rocket-science" based pricing systems and now want to focus on managing the risks of using them. Hear more in our film and visit our website for more details: www.postgraduate.hw.ac.uk/courses/view/288/
Views: 4467 Heriot-Watt Mathematical and Computer Sciences
Check out my Blog: http://exceltraining101.blogspot.com This video covers how to create a colored (green-yellow-red) risk assessment chart. This is used in project management to compare risk to probability for various task or projects to help aid in decision making. Feel free to provide a comment or share it with a friend! #exceltips #exceltipsandtricks #exceltutorial #doughexcel
Views: 211401 Doug H
This short presentation formed part of an APM Risk SIG workshop on the uses of QRA, in February 2016. Most people use QRA to identify the most important individual risks. Here David Hillson explains how to use it to quantify overall project risk exposure.
Views: 11493 RiskDoctorVideo
Online Project Management education for individuals, schools, and businesses. Video classes, sample exams, articles, tips , games and more! Visit us! http://newinpm.com Facebook https://www.facebook.com/capmpreparation Linkedin http://www.linkedin.com/groups?gid=4987477 Google+ https://plus.google.com/+Newinpm/ Perform Quantitative Risk Analysis is the process of numerically analyzing the effect of identified risks on overall project objectives. The key benefit of this process is that it produces quantitative risk information to support decision making in order to reduce project uncertainty.
Views: 1093 NEW In PM
www.pinnacleadvisory.com --- Pinnacle Advisory Group's Quantitative Analyst Sauro Locatelli explains what he does and how it aids the investment process. This is the fifth presentation from our February 25 Inside the Investment Committee event. www.pinnacleadvisory.com
Views: 110981 Pinnacle Advisory Group
Quantitative Risk Assessment (QRA) is a valuable tool for determining the risk of the use, handling, transport and storage of dangerous substances. QRAs are used to demonstrate the risk associated with the facility and to provide competent authorities with relevant information to enable decisions on the acceptability of risk related to developments on site, around the establishment or transport route. QRA is a formalized specialist method for calculating individual, environmental, employee and public risk levels for comparison with regulatory risk criteria.
Views: 1593 Chola Ms
Quantitative risk analysis (QRA) allows us to determine the combined effect of risk on objectives. But many people are afraid to use it, thinking that it's a step too far. David explains when and why we should include QRA in our risk process.
Views: 510 RiskDoctorVideo
hese videos go through the syllabus objectives for the Financial Exams of ST5/F105/SA5/F205. They are raw, unedited and contain a large amount of opinion. I've taken a skeptical approach to the subject and my views may not be correct. Feel free to correct me in the comment section below. I'll be releasing a new video every day ----------------------------- Let's Keep in Contact ----------------------------- Hit the subscribe button if you would like to see more on Youtube. Join our Actuarial Science Community on Facebook - https://bit.ly/2AyCN1p MJ’s Udemy courses - https://bit.ly/2AyCUtR MJ's awesome website - https://www.mjactuary.com -----------------------------
Views: 15464 MJ the Fellow Actuary
Risk is part and parcel of any project. Risk identification, analysis and management are the foundations of successful project management.Successful project leaders always do two things very well.First they accept and approach a new project with the idea that the project is totally new irrespective of the fact that there could be similarities between earlier projects handled and also the experience base of the team.Second they go through a systematic and through risk analysis of the project as though there is no tomorrow.These qualities enable them to appreciate the project challenges well ahead and they are invariably ready to face the challenges with suitable actions so that the project objectives are achieved as defined in the project charter. Project Management Body of Knowledge (PMBOK) by PMI also brings in very extensively as one of the nine knowledge areas that requires sufficient focus.An analysis of project management literature leads one to conclude that lack of clear risk understanding and management is the reason for the failure of majority of the projects, This is more so for complex and large projects.Risk , by nature ,is difficult for project managers to visualise due to their enthusiasm to go ahead and execute the projects. Also self interest and personal agenda of the project team lead to assessing issues and challenges optimistically rather than realistically.This focus of this web cast will be the understanding of risks from strategic and execution perspectives and dwell of the methodologies for handling the risks.
Views: 10950 TechGig
- محاضرات مراجعة وحل اسئلة للإعداد لاجتياز امتحان محترف إدارة مشروعات Video Sessions and Solving Questions for preparation to pass PMP exam. - للحصول على شرح كامل لكل شابتر مع حل اسئله على كل شابتروالحصول على شهاده حضور 35 ساعة من خلال هذا الرابط :- https://www.udemy.com/pmp-preparation-course-6th-edition/?couponCode=6EDITION - للحصول على كورس اسئلة مجانية على كل Knowledge Area من خلال هذه الرابط :- https://www.udemy.com/pmp-questions/?couponCode=PMP.YTF.2018 - للحصول على امتحاناتى + اسئله على مهام مدير المشروع من خلال هذه الرابط :- For My Full Exams + Questions For Exam Content Outline From this link https://www.udemy.com/pmp-200-real-questions-one-real-exam/?couponCode=PMP.YT.2018 - جروب المذاكرة على الفيس بوك https://www.facebook.com/groups/PMPTRICKS/ - متنسوش تعملو Subscribe للقناة وتفعلو زر التنبيهات علشان يوصلكو اخر فديوهاتى.
Views: 1387 SAYED MOHSEN PMP
An overview of Phast Risk, a comprehensive software tool for quantitative risk analysis and assessment. This demonstration video shows how, with simple inputs of process conditions and information about your site and surroundings, Phast Risk performed discharge, dispersion, flammable and toxic effect calculations. Providing you with information on the severity of your hazards and combining effect results together into individual and societal risk results. Contact [email protected] to learn more.
Views: 13839 DNV GL - Digital Solutions
This short video shows the sixth (final) step in a quantitative risk analysis: Analysis and interpretation of Monte Carlo Simulation results. Please subscribe to this You Tube channel (Engineering Management Academy) for weekly updated videos about engineering and project management related topics. 10.6084/m9.figshare.4054722
This video presents different views, which are used for portfolio risk analysis in RiskyProject Enterprise: Sensitivity View, Cost Analysis View, Cash Flow View, and others. For more information about project risk analysis and risk management software RiskyProject please visit http://www.intaver.com
Views: 39 Intaver Institute Inc.
Now that we are clear of certain basic security definitions such as threat, vulnerability, asset and risk and their relationship along with the concepts they represent. We are ready to dive in a little bit deeper in the subject. Actually, Risk assessment is a tool for risk management by which we identify threats and vulnerabilities and assess the possible impact on asset to determine where to implement security safeguards. There are different standardized methodologies when it comes to carrying out risk assessment. But each of the methodologies has the same basic core components. (Identify threats and vulnerabilities and associate them with the assets to calculate likelihood and business impact) The approaches to risk assessment can be quantitative or qualitative or sometimes mix of the two. A quantitative risk assessment uses monetary and numeric values to all elements of the risk assessment process be it asset, threat, vulnerability, impact or safeguards. It is more of a scientific or mathematical approach compared to Qualitative. On the other hand, a qualitative risk assessment does not assign numbers and monetary values to components and loses. Instead, it is more opinion and scenario based and uses a rating system to relay the risk levels. Since a purely quantitative assessment is close to impossible and a purely qualitative process does not provide enough statistical data for financial decisions, these two assessment techniques can be fused together in a hybrid approach. Each method has its advantages and disadvantages. The goal of either method is to estimate a company’s real risk so that the correct countermeasures can be put into place within a practical budget. Now that we know, what is a risk assessment and the approaches to it. In the next video we will be starting with the SRA process.
Views: 1437 Let's Uncomplicate
PMP- PMBOK - Quantitative Risk Analysis - Sensitivity Analysis using Tornado Diagram PMP® Certification Training: http://www.pmexpertinc.com/ www.pmexpertgroup.com For more updates on courses and tips follow us on: - Facebook :https://www.facebook.com/pmexpertinc/ -
Views: 3392 Pankaj Sharma
In this video, the first step (developing model logic) in a quantitative risk analysis is described. Please subscribe to this You Tube channel (Engineering Management Academy) for weekly updated videos about engineering and project management related topics. 10.6084/m9.figshare.4046811
MIT 18.S096 Topics in Mathematics with Applications in Finance, Fall 2013 View the complete course: http://ocw.mit.edu/18-S096F13 Instructor: Kenneth Abbott This is an applications lecture on Value At Risk (VAR) models, and how financial institutions manage market risk. License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
Views: 189449 MIT OpenCourseWare
This short video shows the process of probabilistic scheduling as a part of quantitative risk analysis. Microsoft Project and @Risk Palisade can analyse different what-if scenarios if there is uncertainty in project tasks. Please subscribe to this You Tube channel (Engineering Management Academy) for weekly updated videos about engineering and project management related topics. http://dx.doi.org/10.6084/m9.figshare.4054884
In this webinar with Scott Fabel, you will learn how to create Decision Tables and Decision Trees to assess the true impact of risks on your projects. You will also be able to determine how to best respond to these risks. Subscribe to the ITMPI to access over 1000+ hours of on demand, PDU approved webinars: http://www.itmpi.org/subscribe Free membership gives you access to over 150 live, PDU approved, educational broadcasts throughout the year at www.itmpi.org/webinars Premium membership gives you unlimited access -- for a period of one whole year -- to over 1000+ hours of archived PDU approved recordings at www.itmpi.org/library Use coupon code YOUTUBE during checkout to reduce your premium membership price from $199 per year to $99 per year. That's a $100 discount. And that's $99 for unlimited PDUs for ONE WHOLE YEAR! CONNECT WITH US: Google+ - http://bit.ly/13TR5FU Facebook - http://www.facebook.com/ITMPI Twitter - http://www.twitter.com/ITMPI LinkedIN - http://linkd.in/1tKbrOB Pinterest - http://www.pinterest.com/itmpi/ ABOUT US: The IT Metrics and Productivity Institute (ITMPI) is an organization dedicated to best practices education in IT management, project management, and software development. Our mission is to pull together the expertise and educational efforts of the world's leading IT thought leaders and to create a single online destination where IT practitioners and executives can meet all of their educational and professional development needs. We also have created the largest repository of high quality, PDU and CDU approved, online education in the world. ABOUT THE PRESENTER: Scott Fabel is a senior corporate training consultant with Computer Aid, Inc. He has over 20 years of experience working with various Fortune 1000 companies on Service Desk Implementations, Microsoft Technologies, Business Analysis, and Project Management. This includes both consultative services and customized training programs. He is HDI certified, ITIL certified, PMP certified, and CBAP certified. Scott has been teaching others business skills, professional skills, and technical skills for more than 18 years. He is a faculty fellow at the University of Delaware, speaks three languages, and has been inducted into the International Martial Arts Hall of Fame. His communication skills, combined with his martial art skills, provide him with a unique combination for keeping his sessions informative, lively, and interactive.
Views: 1704 The Great IT Professional
Dr. Jack Freund, Director, Cyber Risk, TIAA This session will review the Cyber-Risk Framework implemented by TIAA that scales from the granular level up to business-level aggregate risk reporting, avoiding some typical pitfalls by avoiding being too narrow or broad. Included in this session will be discussions about policy, standards, configuration baselines, quantification, ORM/ERM risk reporting and project lifecycle engagement. Learning Objectives: 1: Sharing the successes and challenges of risk management tools and techniques. 2: Educating about the relationship between risk assessment and management action. 3: Equipping attendees with tools and techniques to take back and implement. https://www.rsaconference.com/videos/implementing-a-quantitative-cyber-risk-framework-a-finsrv-case-study
Views: 643 RSA Conference
Simplilearn Solutions (Global R.E.P. ID 3147) (http://www.simplilearn.com) provides project management training through a blended learning model of classroom training and online learning. Simplilearn Free Resources : Free PMP, ITIL, Six Sigma Tests http://www.simplilearn.com/simplilearn/free-resources PMP certification training workshops in the United States: http://www.simplilearn.com/simplilearn/events/pmp-training-usa PMP online training courses start from $57.99 onwards: http://www.simplilearn.com/simplilearn/pmp_exam/online-courses Transcripts for Project Risk Management, Perform Quantitative Risk Analysis: Quantitative Risk Analysis is the process of quantitatively analyzing the risk data. Remember, this should only be done if it's worth spending the time and effort analyzing the risk; else, it's better to move from Qualitative Risk analysis to Risk Response planning, which is the next step in Risk management.Usually, Quantitative Risk Analysis is done for highest risk on the project to further investigate them.So the updated list of Risk Register is the input to Quantitative Risk Analysis.The numerical quantitative risk data is usually collected by analyzing past project data or by expert judgment. Sometimes numerical data are also used for simulation and one of the simulation techniques is Monte Carlo Analysis.For example, using Monte Carlo Analysis you can check if the project is executed 100 times, what is the probability of completing the project on a specific date. Similar analysis can be done for the risk as well.Numerical data also helps in using Decision tree concept to objectively analyze project risks and impact.But again let me emphasize that, quantitative risk analysis should only be done when it's worth doing it. Usually large multi year project may require quantitative risk analysis.The output of this process is the quantified list of prioritized risks. Along with this, some times the amount of contingency reserve in terms of time and cost is also calculated as part of this process.
Views: 6419 SimplilearnTraining
This short video shows the second and third steps in a quantitative risk analysis: Designate outputs and define input statistical distributions. Please subscribe to this You Tube channel (Engineering Management Academy) for weekly updated videos about engineering and project management related topics. 10.6084/m9.figshare.4046892
This series of videos help in understanding the PMBOK and all the concepts that are geared towards helping you have a better understanding of the processes and knowledge areas. These videos provide a deeper understanding. Project Management Professional (PMP) is a credential offered by the Project Management Institute (PMI).
Views: 1852 PMP Training
This Video has been moved to new URL https://www.youtube.com/watch?v=Chm0LotE5iw
Views: 247 Pankaj Sharma
This short video shows the process of using decision trees as a part of quantitative risk analysis and management. Microsoft Excel and Palisade Precision Tree can visually analyse different decision alternatives if there is uncertainty involved. Please subscribe to this You Tube channel (Engineering Management Academy) for weekly updated videos about engineering and project management related topics.
Sin Yan, Senior Specialist - Risk Management, discusses 3D risk modeling to aid quantitative risk analyses.
Views: 106 Lloyd's Register
Domain 1: Security and Risk Management
Views: 60 Ultimate Technology
Qualitative risk analysis boosts the chances for project success dramatically. If I were to choose one thing to improve my project management - it would be it. Qualitative risk analysis process is quite simple and does not require much specific knowledge. In this video we will talk about Impact and Probability, and Risk Matrix.
Views: 327 Project Management Basics
For full course:https://goo.gl/J9Fgo7 HMI notes form : https://goo.gl/forms/W81y9DtAJGModoZF3 Topic wise: HMI(human machine interaction):https://goo.gl/bdZVyu 3 level of processing:https://goo.gl/YDyj1K Fundamental principle of interaction:https://goo.gl/xCqzoL Norman Seven stages of action : https://goo.gl/vdrVFC Human Centric Design : https://goo.gl/Pfikhf Goal directed Design : https://goo.gl/yUtifk Qualitative and Quantitative research:https://goo.gl/a3izUE Interview Techniques for Qualitative Research :https://goo.gl/AYQHhF Gestalt Principles : https://goo.gl/Jto36p GUI ( Graphical user interface ) Full concept : https://goo.gl/2oWqgN Advantages and Disadvantages of Graphical System (GUI) : https://goo.gl/HxiSjR Design an KIOSK:https://goo.gl/Z1eizX Design mobile app and portal sum:https://goo.gl/6nF3UK whatsapp: 7038604912
Views: 78751 Last moment tuitions