Risk analysis examples, filtering examples, and approaches from several project scenarios are featured in this video.
- Real life is often a bit random,…scattered, and even chaotic.…While the steps for managing risk,…identification, analysis, and response,…flow nicely on paper, when working with stakeholders…on a live project, things can jump around.…As you start to analyze the risks you've identified,…people will try to derive response approaches…or jump back to identifying more risks.…Don't worry, that's okay.…
Here are a few very common instances…when the risk management process doesn't flow smoothly.…These occur during real world risk analysis processing…and you need to be sure the conversations…don't become too chaotic.…First, your team may leap to conclusions…and decide to change scope to avoid identified risks.…As you start to discuss risks, your stakeholders…may determine that some risks will likely have…a high impact for your project.…
Almost always your team will start to determine ways…to respond to the risk.…If you find a reasonable way to address the risks,…your team will move on.…If not, it's common for the team to talk about…
Author
Bob McGannon
Released
12/13/2018Note: 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.
Skill Level Intermediate
Duration
Views
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Introduction
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Risk: The beast to tame1m 12s
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1. Create a Risk Plan
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Stakeholder's risk tolerance3m 15s
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2. Identify Project Risks
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Risk identification methods3m 22s
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Risk records and registers3m 25s
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3. Analyze Project Risks
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4. Respond to Project Risks
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Common risk responses3m 13s
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Write your risk plan3m 13s
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Understand risk triggers3m 17s
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5. Monitor and Control Project Risks
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Risk management in reporting3m 10s
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Assess overall project risk3m 25s
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Agile risk management3m 5s
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6. Risk Management in the Real World
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Risk identification3m 22s
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Risk analysis3m 16s
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Risk response3m 13s
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Conclusion
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Your risk management toolkit2m 26s
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Video: Risk analysis