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risk management

Recognize, Evaluate, and Respond to System Interactions – Project Management Principle 5

https://youtu.be/hE8wWJFG7hg Project Management Principle 5 states, Recognize, evaluate, and respond to the dynamic circumstances within and surrounding the project in…

3 Ways to Think About Risk in Project Management

https://www.youtube.com/watch?v=LPiZbMZy5Os Guest - Dave Wakeman In the world of project management, risk is inevitable. But how do we approach it?…

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…

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…

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…

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…

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…

Risk Categories | Risk Breakdown Structure (RBS) | Risk Methodology

https://youtu.be/K01FCO_7o2w Risk Categories are used to classify the risks. This further helps in the creation of the Risk Breakdown Structure…