PMP Certification Training - Plan Risk Responses

The video tutorial covers the process of planning risk responses, including developing options, selecting strategies, and assigning risk owners. It discusses the inputs, tools, and techniques involved, such as expert judgment and interpersonal skills. Strategies for both negative and positive risks are explored, including escalation, avoidance, transfer, mitigation, acceptance, exploitation, sharing, and enhancement. The importance of contingency planning and data analysis techniques like alternative and cost-benefit analysis is highlighted. The tutorial emphasizes updating the risk register and project documents throughout the process.

What are the inputs used in the risk response planning process?

What is the difference between mitigation planning and contingency planning?

How can risk responses be prioritized?

What should be done with risks that do not require response plans?