PMI-RMP Certification Training - Types of Risks and Examples

The video tutorial explains different types of risks, including pure, static, business, and speculative risks. It emphasizes the importance of distinguishing between risk and issue management, highlighting that risks are preventative while issues are problems that need resolution. The tutorial also covers opportunity risks, which can lead to benefits, and explains the concepts of probability and impact in risk management, including how they are measured.

How is probability defined in the context of risk management?

What are the different ways to measure impact in risk management?