This video presents the elements of a good risk plan, and the purpose of each element in assisting with project management, communication, and maintaining project integrity.
- Murphy's Law states if anything can go wrong, it will.…Well, I believe Murphy has relatives,…and they all live in project circles.…Doesn't take much for risk to haunt your project.…So, to control this potential chaos,…you build a risk plan.…A risk plan is a document that describes how…project risk management will be structured…and performed on a project.…I've included a sample plan in the exercise files,…and shortly, I will talk you through an example…based on that plan structure.…
First, your risk plan needs to describe…your risk identification approach.…The most common way to do this is to run…a risk identification workshop.…Get a group together, including sponsors…and project team members,…and brainstorm risks.…You could use risk registers from…prior projects as a start.…The second element of a risk plan is to capture…how you'll describe the risks.…For example, you'll want to capture…the characteristics of the risks.…Characteristics include categories like…personnel or technical issues.…
You might also capture the nature of impact…
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
-
Introduction
-
Risk: The beast to tame1m 12s
-
-
1. Create a Risk Plan
-
Stakeholder's risk tolerance3m 15s
-
2. Identify Project Risks
-
Risk identification methods3m 22s
-
Risk records and registers3m 25s
-
-
3. Analyze Project Risks
-
4. Respond to Project Risks
-
Common risk responses3m 13s
-
Write your risk plan3m 13s
-
Understand risk triggers3m 17s
-
-
5. Monitor and Control Project Risks
-
Risk management in reporting3m 10s
-
Assess overall project risk3m 25s
-
Agile risk management3m 5s
-
-
6. Risk Management in the Real World
-
Risk identification3m 22s
-
Risk analysis3m 16s
-
Risk response3m 13s
-
-
Conclusion
-
Your risk management toolkit2m 26s
-
Take notes with your new membership!
Type in the entry box, then click Enter to save your note.
Press on any video thumbnail to jump immediately to the timecode shown.
Notes are saved with you account but can also be exported as plain text, MS Word, PDF, Google Doc, or Evernote.
Share this video
Embed this video
Video: The components of a risk plan