PMI-RMP Certification Training - Risks Reassessment

The video tutorial covers the process of managing a project risk register. It begins with identifying new risks and determining appropriate responses. After implementing these responses, risks are reassessed for their probability and impact. The tutorial explains how to close outdated risks and update contingency plans. It also discusses reasons for risk reassessment, such as major risks or project changes. Finally, it emphasizes the importance of evaluating the effectiveness of risk responses and revisiting risk management plans in the event of organizational changes.

What is the purpose of identifying new risks in a project?

How should a project manager reassess risks after implementing responses?

What factors might lead to the closure of outdated risks?

Why is periodic review important in risk management?

What should be done if major organizational changes occur in relation to risk management?