Project Management Professional (PMP)® | Plan Risk Responses | Project Risk Management

Plan Risk Responses is mainly used to develop actions to reduce threats and enhance opportunities. It addresses risk by their priority and works with other knowledge areas to update budget, schedule, scope, resources, etc. to accommodate risk responses.
Watch the complete video to see different risk response strategies.
This video is based on PMBOK® Guide Fifth Edition. We have complete PMBOK® Guide Sixth Edition program, for more details please visit: www.izenbridge...
For any PMP® exam-related concept discussion, you can participate in iZenBridge forum: forum.iZenBridge.com
The Project Management Professional (PMP), PMBOK, The Agile Certified Practitioner (PMI-ACP), and The Professional in Business Analysis (PMI-PBA) is a registered mark of the Project Management Institute, Inc.
PMBOK is a registered mark of the Project Management Institute, Inc.
Materials in this video are based on the text, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) - Sixth Edition, Project Management Institute Inc., 2017.
The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.

[@sarikajain7932]

I watched all his videos to get confident about giving the exam, even though I trained separately (it was a waste), procurement, risk responses, EVM everything so well explained. Thank you Saket and team izenbridge consulting.

[@izenbridge]

Thank you for your kind words and do check our site if you wish to explore more things on agile based learning and certifications. www.izenbridge.com

[@sarikajain7932]

@@izenbridge I also completed ACP watching many videos from your channel. Thank you Saket for being so intensely teaching us.

[@izenbridge]

@@sarikajain7932 Thank you for sharing.

[@mohamedakram3163]

Wow, you are only one energetic PMP trainer, also you have very good grip on the syllabus as well.

[@izenbridge]

Hi Akram, Thanks for exploring our content. Good to know that you found our content helpful.
You can explore our complete content of PMP (Project Management Professional) Based on PMBOK6 here: www.izenbridge.com/pmp/online-course/

[@aldridgechuma4214]

Well explained

[@08fractal]

Excellent, thanks a lot for your videos... you are really great

[@izenbridge]

Glad you like them!

[@TheMiniShots]

Well teach sir
Im in advance project management course in canada. I Have a exam tomorrow on risk.
U teach well sir

[@izenbridge]

Thanks for your kind words!! Happy to know that you found value in your course.

[@syedatabassum3572]

Excellent!

[@izenbridge]

Hi Syeda, thank you for exploring our content. You can explore our complete content of PMP (Project Management Professional) Based on PMBOK6 here: www.izenbridge.com/pmp/online-course/

[@ijoyousjoe]

he wrote threads instead of threats
on another note well explained

[@izenbridge]

Thank you !! Mathew for exploring and liking our content and sharing your feedback.
Yes, it should be "Threats" on the whiteboard and not "Threads".

[@ijoyousjoe]

@@izenbridge 😂

[@Saaregaao]

Hepful to understand the concept.

[@izenbridge]

Glad you liked it!! Keep exploring. To know more iZenBridge PMP program, please visit - www.izenbridge.com/pmp/online-course/
It is complete and comes with an end to end support.

[@nishikantwairkar6866]

kurdos to you

[@Seebzters]

Suppose your vendor informs you that they will stop supporting the product (warranty and product support), do you first refer to the warranty terms in the contract or ask the team members to perform additional risk response planning to manage unidentified secondary risks surfacing from this risk that materialized into an issue?

[@izenbridge]

I would prefer checking the terms.

[@mohamedmushrif5609]

Escalate risk is missing i think. Please correct me if i am wrong.

[@izenbridge]

Yes , this was PMBOK 5 based video and that time Escalate was not included, you want to check our detailed PMBOK 6 based product here
www.izenbridge.com/pmp/online-course/

[@rcgr29]

can risk be transferred to the customer?

[@izenbridge]

Say selling Items with "Once Sold , No Return" tag is transferring the risk to customer... If you are selling something very cheap and have no contingency to cover faults you may do this. Do check our forum.izenbridge.com for PMP related discussions

[@MushtaqQuadir1975]

3.16 Threats not Threads

[@izenbridge]

Thank you !! Mushtaq for exploring our content and sharing your feedback.
Yes, it should be "Threats" on the whiteboard.

[@mohitkadawla6297]

sir i want to contact you for the purpose of some personal issue related to PM.. can you please give some kind of contact detail please

[@izenbridge]

You can contact using [e-mail]