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Knowledge Areas

Contingency and Management Reserves

https://youtu.be/OMKqYclX9pQ Both Contingency and Management reserves are used to handle risks. Contingency Reserve Contingency Reserve is part of the project’s…

Risk Trigger

https://youtu.be/0VDFgtEYlcs We have already discussed the concept of Watchlist. A watchlist is where low priority risks are tracked. With your…

How do I find the Risk Categories of my Project?

https://www.youtube.com/watch?v=FwsE2N_JxLU In this Lounge Fever video, we try answer where you can find categories for your project risk RELATED LINKS…

What is a Watchlist?

https://www.youtube.com/watch?v=4nkUhqErB1s In this video, we are discussing what exactly is a Watchlist in Risk Management RELATED LINKS RISK MANAGEMENThttps://goo.gl/3a91nD VLOGS…

Monitor Risks Process

https://youtu.be/0FGPn4BPZsg So far you've done extensive risk planning. You have also implemented your risk responses but can you be one…

Project Management Information System (PMIS)

https://youtu.be/AHdeXQ7qC6Q The most basic way to understand the PMIS is that it is a tool that can help the project…

Implement Risk Responses Process

https://youtu.be/H0cIYtQqqKw This process was introduced in the PMBOK Guide Edition 6. It is the only process in the Executing Process…

Secondary Risks | Residual Risks | Workaround | Business Risks | Pure Risks

https://youtu.be/lTLdkpcPwGg Secondary Risks Secondary risks are the risks that arise when you mitigate an original risk. For example, if you…

Plan Risk Responses Process

https://youtu.be/8tZVKO4xfiw By now you would have realized that there is a lot of planning required in the Risk Management knowledge…

Expected Monetary Value (EMV) Calculation

https://youtu.be/xzC0kMqIrcQ In our discussion on Perform Quantitative Risk Analysis process, we touched upon the concept of Expected Monetary Value or…