PMP Certification Training - Overview of Project Risk Management and Processes

The video tutorial covers project risk management, emphasizing the importance of managing uncertainties in projects. It explains key terms like risk, threat, opportunity, and risk tolerance, and distinguishes between individual and overall project risks. The tutorial outlines the processes involved in risk management, including planning, identifying, analyzing, responding to, and monitoring risks. The objective is to minimize negative impacts and maximize positive opportunities in project management.

What are the key processes involved in project risk management?

How does uncertainty affect project scheduling and budgeting?

What is the difference between risk tolerance and risk appetite?

Explain the concept of risk thresholds in project management.

What are the steps involved in the project risk management process?

How can project risk management help in increasing the positive impact of unknown events?

Why is it important to incorporate risk management into project planning?