Risk Management & Response Planning
Identify, analyze, plan, and monitor project risks — both threats and opportunities.
What you need to know
1Risk response strategies for threats: avoid, transfer, mitigate, accept (active/passive)
2Contingency reserve: for KNOWN risks. Management reserve: for UNKNOWN risks (not in risk register)
3Residual risk: what remains after a response. Secondary risk: new risk created by a response
4Monte Carlo simulation: for schedule/cost risk analysis — not a precise output, a probability range
About the PMP
- Full name
- Project Management Professional
- Passing score
- PMI does not publish a fixed numeric passing threshold
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Other PMP Topics
Agile & Hybrid Project Delivery
Study →The current PMP outline emphasizes adaptive, agile, and hybrid approaches alongside predictive delivery.
Stakeholder Engagement
Study →Identify, plan, manage, and monitor stakeholder engagement — the iterative process that PMP tests heavily.
Earned Value Management
Study →Performance measurement using cost and schedule variances and forecasting metrics.