Certified Associate in Project Management (CAPM)® Exam: Unit 5

Overview

This course covers key areas like delivering value, handling uncertainty, and managing procurement. You'll learn to identify and assess risks using tools like the Risk Breakdown Structure and Risk Assessment Matrix, and develop strategies to handle threats and opportunities. The course also covers selecting contract types and managing procurement risks to help you make informed decisions. With a focus on practical applications, this course prepares you to manage changes effectively and deliver value to stakeholders.

Syllabus

Value Uncertainty and Procurements

In this course, you begin by discussing the concept of delivering value. Projects change, and your approach is to manage these changes to deliver the most value to the stakeholders. Next, you cover uncertainty and risk, focusing on ambiguity, complexity, and volatility. You explore how risks can be positive or negative and learn about the tools and techniques for identifying, ranking, classifying, and analyzing risks. You also discuss how to respond to various risk types. Finally, you cover procurements and contracts, emphasizing your role as the project manager to assess project contracting risks and select the most appropriate contract type.