Join Bonnie Biafore for an in-depth discussion in this video Managing risk, part of Project Management Foundations: Small Projects.
Your project might have more risks than you could handle.…So you have to decide which risks you're going to track and manage.…For the risks that are significant enough to plan for, you have to decide how…you will respond if the risk occurs.…To select the risks you're going to track and manage, you assess each risk…you've identified by asking two questions:…how likely is it that the risk will occur?…For example, construction projects almost always seem to be delayed, so the…likelihood of it occurring is high.…
The second question is how big is the impact if it does occur?…If the opening day for the new space is critical, the construction delay…would have a huge impact.…So the construction delay risk is definitely one you will plan for.…Ask the same people who helped you identify risks to help you assess their…probability and impact.…After you evaluate all the risks, the next step is to decide which ones you will manage.…If you categorize probability and impact using low, medium and high, you might…
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- Defining the life cycle and scope of small projects
- Identifying the project customer and other stakeholders
- Determining the right level of management
- Collaborating
- Scheduling work
- Managing risk
- Keeping things moving
- Evaluating the project
- Getting sign-off and tying up loose ends<br><br>
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
Skill Level Beginner
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Introduction
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Welcome1m 5s
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1. Getting Started with Small Projects
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Defining small projects2m 19s
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2. Starting the Project
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Starting a small project1m 25s
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Identifying risks2m 30s
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Documenting assumptions1m 33s
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Deciding to move forward2m 43s
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3. Organizing the Work
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Planning a small project1m 16s
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Collaborating2m 36s
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Identifying the work2m 58s
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Building your team1m 53s
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Scheduling work3m 11s
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Managing risk3m 39s
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4. Getting Things Done
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Kicking off work1m 48s
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Handing out assignments1m 59s
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Keeping things moving2m 46s
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Working through problems3m 48s
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5. Tracking Progress
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Getting status updates3m 42s
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Handling changes3m 7s
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6. Wrapping Up
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Finishing a project1m 36s
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Getting sign-off2m 13s
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Tying up loose ends3m 47s
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Conclusion
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Learning more45s
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Video: Managing risk