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Risk Management

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…

Perform Quantitative Risk Analysis

https://youtu.be/clRRVbDYQsM After 'Qualitative' risk analysis, you must have seen this coming - a 'Quantitative' risk analysis. Here's the all important…

Probability and Impact Matrix

https://youtu.be/HK4zRmd4wFM An important topic within the Qualitative Risk Analysis process is the Probability and Impact matrix. This is basically a…

Perform Qualitative Risk Analysis Process

https://youtu.be/omrFMM3NPR4 Studying the identify risks process should ideally lead to a question - How long should I keep identifying risks?…

Risk Register

https://youtu.be/YArPMPSVbzA One may wonder, how does the project team remember all those risks identified in the Identify Risks process? Enter…

Identify Risks Process

https://youtu.be/a0pAWPrKiGk The second process in the Risk Management knowledge area is Identify Risks. Below is the PG KA mapping, As…

Risk Probability and Impact Assessment

https://youtu.be/uTKoVa8krRs Here's a question, how do you determine if a risk is big or small? Also, how do you figure…