Monitor and Close Risks

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Monitor and Close Risks

This course is part of Risk Management Professional (PMI-RMP®) Certification Course Specialization

Instructor: LearnKartS

Included with Coursera Plus

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2 modules

Gain insight into a topic and learn the fundamentals.

Intermediate level

Recommended experience

5 hours to complete

3 weeks at 1 hour a week

Flexible schedule

Learn at your own pace

2 modules

Gain insight into a topic and learn the fundamentals.

Intermediate level

Recommended experience

5 hours to complete

3 weeks at 1 hour a week

Flexible schedule

Learn at your own pace

What you'll learn

Grasp the essentials of Risk Monitoring and Closing related activities.
Learn to gather and analyze performance data to assess the accuracy and efficacy of risk responses.
Develop skills to update and refine key project documents such as Risk Registers, Management Plans, and Change Logs based on project developments.

Details to know

Shareable certificate

Add to your LinkedIn profile

See how employees at top companies are mastering in-demand skills

Learn more about Coursera for Business

Build your subject-matter expertise

This course is part of the Risk Management Professional (PMI-RMP®) Certification Course Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV

Share it on social media and in your performance review

There are 2 modules in this course

Welcome to this Monitor and Close Risks Course!

This course covers the fifth and last domain of PMI-RMP® Exam Content Outline (ECO)-2022. This Monitor and Close Risks course equips you with the insights needed to monitor risks effectively and close risks systematically while contributing to organizational growth. You will learn through an interactive curriculum that involves practice assignments, graded quizzes, and real-world scenarios on key topics such as performance data analysis, risk reporting, and document updates. By the end of this course, you’ll be able to: • Monitor and measure the effectiveness of risk responses with data analysis. • Prepare detailed risk reports for diverse project approaches, including predictive and adaptive ones. • Update critical project documents like Risk Registers, Change Logs, and Management Plans to reflect current realities. • Address secondary risks impacted by contract types and project outcomes. • Incorporate lessons learned to improve organizational risk culture and future project success. • Contribute to organization-wide risk updates that enhance the overall system life cycle.

This module starts with an overview of the risk monitoring and closing process. Learners go through how to gather and analyze performance data, measure the efficacy of risk responses, and understand the impact of contract types on secondary risks. The module also emphasizes updating the risk registers to reflect the ongoing insights.

What's included

26 videos7 assignments

26 videosTotal 54 minutes

Learning Objectives0 minutesPreview module
Monitor and Close Risks0 minutes
Risk Monitoring and Closing Process1 minute
Gather Performance Data2 minutes
Analyze Data for Accuracy4 minutes
Measure Efficacy of Risk Responses3 minutes
Techniques for Risk Monitoring 3 minutes
Risk Audit1 minute
Risk Breakdown Structure1 minute
Risk Re-Assessment0 minutes
Sensitivity Analysis1 minute
Status Meetings1 minute
Trend Analysis0 minutes
Variance Analysis1 minute
Ensure Resilience and Anti-fragility2 minutes
Risk- Reward2 minutes
Measure Variance and Compare with Tolerance2 minutes
Project Risks in an Organizational Context1 minute
Organizational Risk Taking in a Project Context2 minutes
Monitoring Residual Risks2 minutes
Residual Financial Risk2 minutes
Residual Quality Risk2 minutes
Residual Reputational Risk1 minute
Monitoring Secondary Risks3 minutes
Impact of Contract Types on Secondary Risks3 minutes
Updating Risk Registers3 minutes

7 assignmentsTotal 135 minutes

Risk Monitoring and Closing Process15 minutes
Measure Risk Responses Effectiveness-115 minutes
Measure Risk Responses Effectiveness-215 minutes
Measure Risk Responses Effectiveness-315 minutes
Measure Risk Responses Effectiveness-415 minutes
Measure Risk Responses Effectiveness30 minutes
Risk Monitoring and Closing Process30 minutes

This module starts by developing specific risk reports to fit the predictive and adaptive approaches. Students learn qualitative and quantitative techniques for gathering and reporting data in a way that ensures accuracy across methodologies. The module highlights the importance of updating critical project documents, including management plans, change logs, and organization-wide risk updates.

What's included

13 videos1 reading4 assignments

13 videosTotal 36 minutes

Learning Objectives0 minutesPreview module
Preparing Risk Reports for Predictive and Agile Approaches1 minute
Qualitative Data Gathering and Reporting : Predictive3 minutes
Qualitative Data Gathering and Reporting: Adaptive1 minute
Quantitative Data Gathering and Reporting: Predictive0 minutes
Quantitative Data Gathering and Reporting: Adaptive2 minutes
Updating Project Documents1 minute
Management Plan Updates and Lessons Learned Updates3 minutes
Change Log Updates and Project-wide Risk Updates3 minutes
Organization-wide Risk Updates3 minutes
System Life Cycle Risk Updates3 minutes
Updated Risks to the Project Management Culture4 minutes
Summary4 minutes

1 readingTotal 15 minutes

Case Study - Monitor and Close Risks15 minutes

4 assignmentsTotal 90 minutes

Risk Reporting15 minutes
Updating Project Documents15 minutes
Risk Reporting30 minutes
Updating Project Documents30 minutes

Instructor

LearnKartS

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Offered by

LearnKartS

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Frequently asked questions

This course is the final course in the PMI-RMP® specialization course. Hence, this course requires you to have basic understanding of concepts covered in the first 5 courses - Project Management and Risk Fundamentals, Risk Strategy and Planning. Risk Identification, Risk Analysis and Risk Response.

Yes, you will receive the course certificate upon completing the videos and quizzes provided in the course.

While completing this course and other courses in the PMI-RMP® specialization provides valuable knowledge and skills aligned with the PMI-RMP® exam content, certification is awarded by the Project Management Institute (PMI®) upon successful completion of the RMP® exam and meeting other eligibility criteria set by PMI®.

Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:

The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

Monitor and Close Risks

What you'll learn

Details to know

See how employees at top companies are mastering in-demand skills

Build your subject-matter expertise

Earn a career certificate

There are 2 modules in this course

Risk Monitoring

What's included

26 videosTotal 54 minutes

7 assignmentsTotal 135 minutes

Risk Reporting and Closing

What's included

13 videosTotal 36 minutes

1 readingTotal 15 minutes

4 assignmentsTotal 90 minutes

Instructor

Offered by

Recommended if you're interested in Leadership and Management

Project Management and Risk Fundamentals

Risk Response

Risk Strategy and Planning

Risk Identification

Why people choose Coursera for their career

New to Leadership and Management? Start here.

Open new doors with Coursera Plus

Advance your career with an online degree

Join over 3,400 global companies that choose Coursera for Business

Frequently asked questions

More questions

Monitor and Close Risks

What you'll learn

Details to know

See how employees at top companies are mastering in-demand skills

Build your subject-matter expertise

Earn a career certificate

There are 2 modules in this course

Risk Monitoring

What's included

Risk Reporting and Closing

What's included

Instructor

Offered by

Recommended if you're interested in Leadership and Management

Project Management and Risk Fundamentals

Risk Response

Risk Strategy and Planning

Risk Identification

Why people choose Coursera for their career

New to Leadership and Management? Start here.

Open new doors with Coursera Plus

Advance your career with an online degree

Join over 3,400 global companies that choose Coursera for Business

Frequently asked questions

Do I need any prior knowledge for this course?

Will I receive a certificate upon completion of the course?

Does completing this course guarantee PMI-RMP® certification?

More questions