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Business Exam Prep · Today · 2 min

CAPM Exam Prep 47, Plan Risk Management and Identify Risks

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The purpose of the Plan Risk Management process is to create a rulebook for risk activities, not to identify specific risks. - Key techniques for identifying risks include brainstorming, the anonymous expert-based Delphi technique, and SWOT analysis. - The critical difference for the CAPM exam between a risk (an uncertain future event) and an issue (a problem that has already happened). - The Risk Register is the main output of the Identify Risks process and is used to document all potential threats and opportunities. - How stakeholder risk appetite, established in the Risk Management Plan, sets the boundaries for acceptable uncertainty. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- The purpose of the Plan Risk Management process is to create a rulebook for risk activities, not to identify specific risks.
- Key techniques for identifying risks include brainstorming, the anonymous expert-based Delphi technique, and SWOT analysis.
- The critical difference for the CAPM exam between a risk (an uncertain future event) and an issue (a problem that has already happened).
- The Risk Register is the main output of the Identify Risks process and is used to document all potential threats and opportunities.
- How stakeholder risk appetite, established in the Risk Management Plan, sets the boundaries for acceptable uncertainty.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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