Join Bob McGannon for an in-depth discussion in this video Understanding risk triggers, part of Project Management Foundations: Risk.
Protecting your project is not all that…different from protecting a National Park.…The park rangers construct towers to keep…an eye on the landscape, looking for signs of trouble.…This works well, because where's there's…smoke, there's usually fire.…You should do the same thing for your project.…And it rarely requires timber or construction skills.…As smoke is the warning sign for fire,…I suggest you spend time thinking of what…is called "risk triggers" early warning…signs, like smoke, that indicate a risk…is about to come to fruition.…
It's a sign that you should be preparing to take action.…Let's look at some common types of project risk triggers.…The first type of risk trigger is one that…gives you an immediate indication that…a risk is happening.…In your project environment, you may have…technical experts that are going to join…your project at some point downstream.…You request these technical experts to start…attending status meetings one month before…they are due to start so they can hit the…ground running and know what's happening on the project.…
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- 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<br><br>
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.