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Managing Project Risk

with Bob McGannon
image's PMI® Program
This course qualifies for 1.00 PDUs towards maintaining PMI® certification. Learn More

Video: Welcome

Learn how to anticipate, assess, and manage project risk.
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Managing Project Risk
Video Duration: 0s 1h 14m Appropriate for all


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Without risk, there can be no reward. But if not managed properly, risk reduces your ability to achieve your project's goals, if not derailing it altogether. In this course, author and PMP Bob McGannon shows you how to anticipate, assess, and manage project risk—whether your project is large or small. Discover how to gauge your stakeholders' tolerance for risk, assemble a risk plan, build a risk register, and maintain project continuity as risks crop up.

This course qualifies for 1 Category A professional development unit (PDU) through, PMI Registered Education Provider #4101.

Topics include:
  • Incorporating risk management into your project
  • Identifying risk
  • Categorizing risks
  • Performing qualitative and quantitative risk analysis
  • Building a risk-response plan
  • Deciding when to execute a risk-response plan

  • The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.


(relaxed music) Hi, i'm Bob McGannon, and this is Managing Project Risk. This course provides hints and tips for managing the wide variety of risks that can plague your project. As project managers, we need to focus on project risks as they can reduce your ability to achieve your project goals, if not derail your project altogether. As a result, successfully managing project risk is a vital activity for success in project managment.

We'll start by examining the concept of project risk and the ways it can influence your project stakeholders and alter your project outcomes. We will talk about how to incorporate risk management approaches into your daily project management routines, and how to understand your stakeholder perceptions about risk on your project. Next, I will describe how to identify the risks on your project using various methods to help ensure you get a complete set of risks for your project. We will then talk about how to write crisp, clear, and useful risk records, and how to categorize your risks to manage them efficiently.

We will also look at the most common ways to respond to risks to ensure you effectively reduce the probability of risk occurring, or the impact to your project if they do. Lastly, we will discuss incorporating risk management and risk status information into your standard project reporting approach. Having the right tools and techniques in your tool kit to maximize your ability to handle risk in your projects can be instrumental in advancing your career as a project manager.

I will introduce you to these tools and techniques in Managing Project Risk.

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