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 essential components of a risk register and how it differs from a risk report.

- How to use the probability and impact matrix for qualitative risk analysis.

- The method for calculating Expected Monetary Value (EMV) to quantify risks and opportunities.

- How to interpret a decision tree analysis to make informed project decisions.

- The purpose and application of Monte Carlo simulation in quantitative risk analysis.

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