Search results “Quantitative risk analysis methods”
Qualitative Vs Quantitative Risk Analysis
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: 20287 Project Management
84. PMP | Perform Quantitative risk analysis tools and techniques used
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: 2341 Kavin Kumar
How to Evaluate Risks Using Quantitative Risk Analysis
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: 6345 Harry Hall
Qualitative vs quantitative risk analysis
Confused about ualitative and quantitative risk analysis? Watch the video, find out the difference! www.pmwars.com
Views: 11697 PMwars
Quantitative and Qualitative Risk Assessment - CompTIA Security+ SY0-401: 2.1
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: 61881 Professor Messer
PMP- PMBOK -  Quantitative Risk Analysis - Sensitivity Analysis using Tornado Diagrams
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: 3126 Pankaj Sharma
Fundamentals Of Quantitative Risk Assessment
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: 1464 Chola Ms
Quantitative Risk Analysis for overall project risk
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: 10894 RiskDoctorVideo
Risk and How to use a Risk Matrix
In this video we will take a look at what risk is and how to use a simple risk matrix. This video was created by Ranil Appuhamy Voiceover - James Clark -------------------------------------------------------------------------------------------------------- Disclaimer: These videos are provided for educational purposes only. Users should not rely solely on the information contained within these videos and is not intended to be a substitute for advice from other relevant sources. The author/s do not warrant or represent that the information contained in the videos are accurate, current or complete and do not accept any legal liability or responsibility for any loss, damages, costs or expenses incurred by the use of, or reliance on, or interpretation of, the information contained in the videos.
Qualitative and Quantitative Risk Analysis
Project Management Assignment 1
Views: 2212 syahirah shaari
Risk analysis method
Risk analyses tool
Risk Analysis and Management
Summary Defining assets in a risk analysis, identifying threats and the likelihood of the threats occurring, identifying the consequences of a threat occurring, and vulnerabilities that increase risk. Also covers common safeguards to reduce the impact of threats, securing equipment/data, and incident response (should be included in security policy). Reference Materials Guide to Network Defense and Countermeasures - Chapter 2 Additional Information NIST Guide on Risk Management: http://csrc.nist.gov/publications/nistpubs/800-30/sp800-30.pdf
Quantitative risk analysis  Probabilistic scheduling @risk Palisade by Dr Mehrdad Arashpour
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
Using Decision Trees for Risk Analysis
This video provides an explanation and example of how to create a decision tree for risk analysis. I created this video with the YouTube Video Editor (https://www.youtube.com/editor)
Views: 40405 Risk Precis
Risk Assessment Matrix
A planning tool you can you in every aspect of your life. You have to be honest with yourself and have a realistic outlook for this to work.
Views: 48988 The Immortal
how to risk analysis framework
How to undertake a risk analysis assessment on your business
Views: 33272 Parr and Associates
Risk Analysis How to Analyze Risks on Your Project - Project Management Training
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.
Using a risk assessment matrix
20 minute video showing how I believe a matrix should be used as a tool to support the risk assessment process. I am very interested in your comments, and willing to adapt the presentation if necessary
Views: 54469 Andy Brazier
Monte Carlo Schedule Risk analysis. Part 1: Introduction to schedule risk analysis techniques
Video shows how schedule risk analysis is performed in RiskyProject project risk management and risk analysis software. Monte Carlo simulations require inputs to perform the analysis: duration estimates and statistical distributions. In this video, we describe what a statistical distribution for schedules is and use a real life example to gather the distribution data and describe them using frequency histograms and cumulative probability plots. Finally, we use the data we generated from this real life example, to create a risk analysis model in the software and run a Monte Carlo simulation. For more information how to perform schedule risk analysis using RiskyProject software please visit Intaver Institute web site: http://www.intaver.com. About Intaver Institute. Intaver Institute Inc. develops project risk management and project risk analysis software. Intaver's flagship product is RiskyProject: project risk management software. RiskyProject integrates with Microsoft Project, Oracle Primavera, other project management software or can run standalone. RiskyProject comes in three configurations: RiskyProject Lite, RiskyProject Professional, and RiskyProject Enterprise.
Views: 28773 Intaver Institute Inc.
Quantitative Risk Assessment
Our team of CEH analysts are preparing for their CISSP. Here is a glimpse of some of our peer-to-peer training on quantitative risk assessments.
Views: 126 METMOX_INC
19 When and why should we use quantitative risk analysis?
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: 345 RiskDoctorVideo
30- What Is Quantitative Approach In Risk Analysis In Software Engineering In HINDI
What Is Quantitative Approach In Risk Analysis In Software Engineering In HINDI : A quantitative analysis often involves more sophisticated techniques , usually requiring computer software. Website: http://www.tutorialsspace.com Instagram https://www.instagram.com/tutorialsspace/ #SoftwareEngineering, #SoftwareEngineeringLectures, #SoftwareEngineeringLecturesInHindi, #SoftwareEngineeringTutorialsInHindi, #SoftwareEngineeringTutorials,
Views: 2326 tutorialsspace
Mod-03 Lec-06 Quantitative Risk Assessment (Liquid Release Models Case Study - Continued)
Health,Safety and Environmental Management in Petroleum and Offshore Engineering by Dr. Srinivasan Chandrasekaran, Department of Ocean Engineering, IIT Madras. For more details on NPTEL visit http://nptel.iitm.ac.in
Views: 3846 nptelhrd
4 Quantitative risk analysis management @risk software Palisade by Dr Mehrdad Arashpour
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
Mod-03 Lec-05 Quantitative Risk Assessment
Health,Safety and Environmental Management in Petroleum and Offshore Engineering by Dr. Srinivasan Chandrasekaran, Department of Ocean Engineering, IIT Madras. For more details on NPTEL visit http://nptel.iitm.ac.in
Views: 7410 nptelhrd
Perform Qualitative and Quantitative Risk Analysis | PMP Online Tutorial for Beginners
PMP Training & Certification provided Online from USA industry expert trainers with real time project experience. This video is a Video recording of a Live Webinar presentation done by our Sr. PMP Trainer who is also a Manager. COURSE PAGE: https://www.zarantech.com/pmp-training/ REGISTER FOR FREE LIVE DEMO: http://promo.zarantech.com/free-webinar-pmp/ CONTACT: +1 (515) 309-7846 (or) Email - [email protected] Get More Free Videos - Subscribe ➜ https://goo.gl/5ZqDML "pmp tutorial" "free pmp training" "online pmp training" "Best pmp training" "pmp training for Beginners" "Best pmp Training" Reviews / Testimonials from past trainees are saying: https://goo.gl/ZVfnE4 Refer your friends to ZaranTech - http://www.zarantech.com/be-a-friend-tell-a-friend. -~-~~-~~~-~~-~- Please watch: "High Demand for SAP HANA 2.0 Certified Consultants | HANA 2.0 Training | HANA 2.0 for Beginners" https://www.youtube.com/watch?v=PO7MPIVxEhg -~-~~-~~~-~~-~-
Views: 623 ZaranTech
Results of Quantitative Project Risk Analysis
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
What is a Risk Register and When To Use It
Qualitative risk analysis, quantitative risk analysis, risk response planning... When exactly should you use a risk register? Watch this short project management training video from https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=WhatisaRiskRegisterandWhenToUseIt to learn more.
Chapter 11 -  Quantitative Risk Analysis
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: 1066 NEW In PM
Security Risk Assessment (Qualitative Vs Quantitative)
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: 1286 Let's Uncomplicate
Hazard ID and Risk Assessment
This video will assist Prevention Officers in understanding the definition of Risk versus Hazard, and the steps to conduct a quantitative risk assessment. - created at http://goanimate.com/
Views: 87534 tabithasonia
2 Quantitative risk analysis management @risk software Palisade by Dr Mehrdad Arashpour
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
Perform Quantitative Risk Analysis | Project Risk Management | PMP Exam Prep Online
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: 6385 SimplilearnTraining
Addressing the unknown in a quantitative risk program
A presentation on how to build a holistic risk program that deals with the challenge faced by traditional quantitative risk frameworks - the unknown.
Views: 153 Michael Schiebel
Introduction to Quantitative Analysis
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: 106271 Pinnacle Advisory Group
17. Project Risk Analysis
Risk Analysis can be complex, as you'll need to draw on detailed information such as project plans, financial data, security protocols, marketing forecasts, and ... PLEASE REFER THE LINKS AS FOLLOW IF YOU NEED LEARN MORE: - You Can Ace Your PMP® Exam With The World’s Most Popular PMP® Video Training Course! : http://bit.ly/2AnUnGh - The PMI-ACP® Exam Simulator Features : http://bit.ly/2k7GuoW - CAPM® Exam Prep and CAPM® Exam Simulator : http://bit.ly/2Af7dWC - Free PMI-ACP® Exam Simulator : http://bit.ly/2nixIWw - The CAPM® Exam Simulator Features : http://bit.ly/2Ah2qUE - The PMP Exam is Changing in 2018 : http://bit.ly/2AmSk5f - PMP Exam Prep Essentials Overview Your Condensed PMP® Exam Prep Study Guide : http://bit.ly/2ngB8ZQ - eBook The PMP Exam Prep Essentials Study Guide : http://bit.ly/2ngB8ZQ - The PMP Exam Printable FlashCards (PDF FlashCards Only) : http://bit.ly/2ByCiTE - The PMP Exam eFlashCards (Portable eFlashCards Only) : http://bit.ly/2i3lUBQ - The PMP Exam FlashCards (eFlashCards & PDF Bundle) : http://bit.ly/2BAEuKr - PMP Exam Formula Study Guide (Free, Redacted Version) : http://bit.ly/2kbPoBU - The PM StudyCoach (For PMBOK Guide 5th Edition) : http://bit.ly/2Bnn035 - The PDU Podcast (Year 3) : http://bit.ly/2AmAY65 - Earn PDUs with The PM PrepCast : http://bit.ly/2zAXgjc - Earn PDUs with The Agile PrepCast : http://bit.ly/2Alns2n - The PM PrepCast (For PMBOK Guide 5th Edition) : http://bit.ly/2ipC5NZ - The Free Agile PrepCast : http://bit.ly/2kd0VRl - The Agile PrepCast : http://bit.ly/2nieb8w - The PDU Podcast (Year 2) : http://bit.ly/2Af9qRU - The PDU Podcast (Year 1) : http://bit.ly/2Af9ykm - The Free PM PrepCast - Sample Videos and Free PMP Exam Prep Material : http://bit.ly/2k9tBuK - The PDU Podcast (Monthly Subscription) : http://bit.ly/2ne1uLO - PMP Exam Formula Study Guide : http://bit.ly/2ALYfRU
Tutorial 05 - (ITRM) Quantitative And Qualitative Risk Assessment Pro & Cons
Links: - Facebook Channel: https://www.facebook.com/emanagerial/ - Google+: https://plus.google.com/u/0/b/118168646882162322641/118168646882162322641 - YouTube Channel: https://www.youtube.com/channel/UCwTvykbg92lg7_SvuDUlOWA - BlogSpot: http://emanagerial.blogspot.com/ - WordPress: https://emanagerial.wordpress.com/ - Website: http://emanagerial.com
Views: 139 E-Managerial
2 Decision Tree Quantitative Risk Analysis Management Excel Palisade Precision Dr Mehrdad Arashpour
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.
1 Decision Tree Quantitative Risk Analysis Management Excel Palisade Precision Dr Mehrdad Arashpour
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.
Decision Tree Tutorial in 7 minutes with Decision Tree Analysis & Decision Tree Example (Basic)
Clicked here http://www.MBAbullshit.com/ and OMG wow! I'm SHOCKED how easy.. No wonder others goin crazy sharing this??? Share it with your other friends too! Fun MBAbullshit.com is filled with easy quick video tutorial reviews on topics for MBA, BBA, and business college students on lots of topics from Finance or Financial Management, Quantitative Analysis, Managerial Economics, Strategic Management, Accounting, and many others. Cut through the bullshit to understand MBA!(Coming soon!) http://www.youtube.com/watch?v=a5yWr1hr6QY
Views: 534071 MBAbullshitDotCom
Introduction to Phast Risk for Quantitative Risk Assessment
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.
Using Decision Tables and Decision Trees for Quantitative Risk Analysis
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.
Quantitative Risk Assessment Approach to Modeling the Health Impacts of Climate Change
Sari Kovats, London School of Hygiene & Tropical Medicine (LSHTM)
Views: 469 EmergingScience
Quantitative Credit Risk Models
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: 13851 MJ the Fellow Actuary
ualitative and Quantitative Risk Analysis
For this assignment, you wi
ualitative and Quantitative Risk Analysis For this assignment, you will study and analyze various tools and techniques for performing both qualitative and quantitative analyses. Part 1: Analyses of Various Qualitative and Quantitative Methods Research and write a 3\u20134 page (total) evaluation of the listed tools and techniques for both qualitative and quantitative risk analysis (for a total of six tools/techniques). For qualitative analysis: -Risk probability and impact assessment. -Risk categorization. -Risk urgency assessment. For quantitative analysis: -Probability distributions. -Sensitivity analysis. -Monte Carlo analysis. Then, write a summary that includes the following: -Description of the tool/technique. -The advantages and disadvantages of the tool/technique. -Selection of the three tools and techniques you will use for both qualitative and quantitative analysis in your project. Part 2: Update to the Project Risk Management Plan Update the Qualitative and Quantitative Risk Analyses sections of the Project Risk Management Plan template. (Attached) -Introduction: Provide a brief explanation of the intent of the section. -Major and Minor Risks (both positive and negative). -Risk Probability (definitions and intent). -Risk Data Quality Strategy (definitions, examples, intent). -Risk Reviews. -Project Risk Matrix. Note: This course focuses on the analysis of risks and development of a risk management plan. Assumptions need to be made on the inputs from other project management processes including scope, time, budget, resources, quality, procurement, communication, and stakeholder management into the risk management plan. Additional Requirements Written communication: Ensure that your writing is free of errors that detract from the overall message. List of references: Include books, Web sites, articles, and other resources. Formatting: Format resources and citations according to APA style and formatting guidelines. Part 1: 3-4 pages total, Part 2: Template is att
Views: 1 y gh
Selecting the Appropriate Risk Assessment Techniques
Organizer: Alba Keqa, PECB - https://www.pecb.com/ Presenter: Joshua Rey S. Albarina Handling a risk management framework within the organization is only as good as how uncertainties, events and organizational assets that affect the enterprise objectives are assessed, acted upon, and communicated to key stakeholders. This follows that performing risk assessments are as substantial as to which techniques were used during the process. While this is a basic practice for most risk management professionals and the wide availability of techniques and suites, the concepts to assert which technique or its combination to apply should be a key step in the risk assessment process. This in turn helps improve the quality of information provided in each organization's risk registers. Main points covered: • The factors and constraints in conducting risk assessments • New perspectives on the common techniques used for risk assessment • Concepts to assert techniques or combinations to apply This webinar was presented by Joshua Rey S. Albarina, Leading PECB Certified ISO 31000:2009 Risk Manager in the Philippines. Currently he is the Senior Consultant for ISO programs of SAS Management. His areas of expertise are Sustainability practices (Energy and Environment), Organizational Resilience (Business Continuity, Asset and Risk Management), Business excellence (Quality and Six Sigma), IT practices (Information security and IT Governance). Slides of the webinar: http://bit.ly/1SixHEC
Views: 3610 PECB
Create a Risk Assessment Chart
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: 202644 Doug H

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