As your project progresses, it is essential to evaluate whether risks have become too substantial for the project to proceed. This video takes a look at an overall view to the risks present on your project and provide tips for working with management to e
- If you aren't careful,…you can create a substantial risk…while managing risk on your project.…While you deal with risks…that are tied to tasks,…you can forget what you're really here for:…to deliver an entire project.…We need to step back and see,…as they say, the forest through the trees.…We need to assess overall project risk.…There are two major considerations when evaluating…overall project risk.…
First, your ability to deliver the project…with the risks you know about,…and then controlling the various directions…the project can take to reach a conclusion.…Let's take a look at each of these.…Risks, should they come to pass,…will have an impact on your project outcomes,…along with the money and time it takes…to deliver those outcomes.…If the impacts of your risks…or the cost to address those risks…outweigh the benefits you'll get from the project,…you probably shouldn't proceed.…
For example, if you work in an insurance company…developing new products,…you need to watch insurance regulations…to be sure you can legally sell…
Note: This course follows the latest guidance from Project Management Institute, Inc., as outlined the PMBOK® 6 Guide.
- Explore why dealing with risks needs to be part of the everyday process used to manage a project.
- Learn to outline the most common, pragmatic approaches to identifying risks specific to a project.
- Recall methods for qualifying and quantifying your risks to determine specific risks and manage their costs.
- Examine the primary considerations for a project risk plan and what components should be included in every plan.
- Assess techniques that help you identify the overall risk a project presents to your business.
- Examine several risk analysis and filtering examples that help ensure you've addressed individual risks properly on your project.