This video describes how to set up risks for your project using common categories, so you can take an overall view of your project risks and address them more efficiently.
- Risks are like having a large cart of groceries.…You need to sort things out, place items in separate bags…for the freezer, fridge and pantry…so you're organized when you get home.…The same pertains to risks on your project.…How will you ensure your risks are well-organized…so you can manage them?…Categorizing risks for your project…is a great way to ensure you're well-organized.…Let me share some typical ways to categorize risks…and some tips for using those categories wisely.…
First, try to identify any risks that have common causes.…For example, one common area for risks…might be not having enough people,…or you lack people with the relevant skills.…You could have a substantial list of risks,…but many can be managed collectively…by tying them back to a category of people and skills.…A second way to categorize risk is by business area,…such as external market risks or business strategy changes.…This can be very helpful when you're dealing…with your client and the risks they bring to the project.…
Taking this approach can enhance the perception…
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.