PMI-RMP Certification Training - Plan Risk Responses – Input, Tools and Techniques, and Output

The video tutorial covers the resource management plan, focusing on resource allocation for risk responses. It explains the role of contingency funds and the risk register in planning risk responses, including qualitative and quantitative risk analysis. The risk management plan and tools for planning risk responses are discussed, highlighting strategies for negative and positive risks. The tutorial concludes with the outputs of the plan risk responses process, including updates to the risk register, contract decisions, and project management plan updates.

What is the purpose of the Resource Management Plan in risk responses?

How do contingency funds differ from monetary reserves in risk management?

What key inputs are necessary for planning risk responses?

What role does the Risk Register play in risk management?

What are the strategies for managing negative risks or threats?

What is the significance of expert judgment in planning risk responses?

What updates might be necessary for the project management plan as a result of risk responses?