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Risk Management

Difference between Contingency Plan and Fallback Plan

https://youtu.be/JmB6GNt8JF8 Contingency Plan and Fallback Plan might seem similar but they are two different plans that are deployed at different…

Decision Tree Analysis

https://youtu.be/vmkdHT9VmZg Decision Tree Analysis is basically a Tool and Technique in the Perform Quantitative Risk Analysis process. PG-KA mapping below, Now within…

Sensitivity Analysis using Tornado Diagrams

https://youtu.be/6ojHXG27w-s We touched a bit on the topic of sensitivity analysis when we started off with the Perform Quantitative Risk…

What is the difference between Delphi Technique and Brainstorming?

https://www.youtube.com/watch?v=NHTJd4I7J1w In this Lounge Fever video, I am answering a subscriber question on the difference between Delphi Technique and Brainstorming…

What is a Risk Audit?

https://www.youtube.com/watch?v=kMUlqw7ca2Y In this Lounge Fever video, I am answering a subscriber question on the topic of Risk Audit RELATED LINKS…

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…