PMI-RMP Certification Training - Conducting Risk Audit

The video tutorial covers various aspects of risk management in project management, focusing on risk audits, trend analysis, variance analysis, reserve analysis, and status meetings. It explains how to conduct a risk audit for an ERP implementation, the importance of trend analysis in monitoring project performance, and how variance analysis helps in understanding deviations from the project plan. Reserve analysis is discussed in terms of contingency and management reserves, and the role of status meetings in managing risks is highlighted.

What are contingency reserves and how do they function in project management?

What are the key components discussed in status meetings regarding risk management?

Why is it important to include risk discussions in status meetings?