What will you learn in this module?

Learning Objectives Explain why projects are inherently ‘risky’. Manage project risks following a defined process. Identify and analyse project risk. Plan, implement and monitor risk…

Summary

Summary We have come to the conclusion of this module. By now, you should be able to: Explain why projects are inherently ‘risky’. Manage project…

The Risk Register

The Risk Register A risk register is a crucial document used in risk management that lists identified risk events and their corresponding planned responses. It…

Monitoring Risk

Monitoring Risks Risk management is not a one-time activity; it continues throughout the project lifecycle. Project managers must continually monitor project risks to ensure appropriate…

Responding to Risk

https://vimeo.com/858132779?share=copy After identifying and analysing risks, the next step is to plan what to do about them. This involves taking measures to reduce the risks’…

Analysing Risks

https://vimeo.com/858132733?share=copy In risk management, it’s crucial to analyse risks to determine which ones are most important and warrant attention and mitigation. Probability and impact are…

Identifying Risks

https://vimeo.com/858132672?share=copy The first step in the risk management process is to identify risks. Risks can emerge at any project stage, so allocating time and space…

Planning Risk Management

Risk Management Proactively managing risks through a well-defined risk management process offers several advantages:  Identifying Potential Problems: By considering risks, the project team can anticipate…

Why Risk Management?

Why Risk Management Risk in the context of project management refers to uncertain events that could positively or negatively affect project outcomes. Managing risk involves…