What Does MVP Stand For? It’s Not What You Think.
October 7, 2024
Article
This course is part of Risk Management Professional (PMI-RMP®) Certification Course Specialization
Instructor: LearnKartS
Included with
Recommended experience
Intermediate level
Project managers
Risk Managers
Anyone who wants to learn about Risks and Risk Management
Anyone who is preparing for PMI-RMP® certification
Recommended experience
Intermediate level
Project managers
Risk Managers
Anyone who wants to learn about Risks and Risk Management
Anyone who is preparing for PMI-RMP® certification
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.
Add to your LinkedIn profile
January 2025
11 assignments
Add this credential to your LinkedIn profile, resume, or CV
Share it on social media and in your performance review
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.
26 videos7 assignments
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.
13 videos1 reading4 assignments
LearnKartS is a Certification Prep company specializing in Cloud Computing Certifications in AWS, Azure, GCP, Project Management certificates - PMI specific - PMP, PgMP and RMP, and Salesforce certifications. Our state-of-the-art exam simulator engine helps you to identify weak areas along with loads of other analysis to crack the certification in the very first attempt.
University of Illinois Urbana-Champaign
Build toward a degree
Course
Kennesaw State University
Course
Course
Course
Unlimited access to 10,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription
Earn a degree from world-class universities - 100% online
Upskill your employees to excel in the digital economy
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.
If you subscribed, you get a 7-day free trial during which you can cancel at no penalty. After that, we don’t give refunds, but you can cancel your subscription at any time. See our full refund policy.
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work.
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.
These cookies enable the website to provide enhanced functionality and personalization. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.