Don't Go For PMP EXAM 2024 Without Understanding Qualitative Risk Analysis Factors!

Want to understand the important factors that will help to do qualitative risk Analysis in a way that you will never forget? In this latest video, our expert trainer, Gautham Sudakar, dives deep into those factors. If you're gearing up for the current PMP exam or just looking to enhance your project management skills, this is a must-watch!

In this informative session, Gautham shares essential knowledge about four factors going beyond the standard probability and impact assessments. Learn how to prioritize risks effectively using four key factors:
1. Proximity: Understand the critical factor of time – the window within which risk can impact your project objectives, be it time, cost, or quality.

2. Urgency: Discover the importance of timing when it comes to implementing risk response plans. Timing is everything!

3. Dormancy: Explore the period that elapses after a risk has occurred and its impact is felt. Dormancy is a crucial element of risk management that often goes overlooked.

4. Connectivity: Get insights into the world of risk relationships. Identify high and low connectivity risks, and learn how they can affect your project in different ways.

But theory alone can be overwhelming. That's why Gautham presents a practical example that brings these concepts to life. Imagine you're a project manager overseeing a construction project. You're planning the foundation work, and your goal is to construct the living room shortly after. What happens if you identify two risks?
1️⃣ Risk 1: Starting the foundation work on day 3, with concerns about resource availability.
2️⃣ Risk 2: Initiating the living room construction.

How do these risks align with the four factors discussed in this video? Gautham breaks it down for you, making it easy to understand and apply to real-world projects.

Don't miss out on this insightful video that empowers you with the knowledge and skills to excel in qualitative risk management. Whether you're a seasoned project manager or a PMP exam aspirant, this content is a game-changer.

Hit that 'Subscribe' button, give us a 'Thumbs Up,' and share this video with your fellow project management enthusiasts. Stay tuned for more valuable content from Eduhubspot.

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