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What are the risk strategies for opportunities? projectriskcoach.com/respond-to-project-risks/

Closes Risk mapanganib Pinoy close websete aRisk

Very helpful, many thanks

Thank you Harry very informative.

You are so amazing. Thank you!

Thankyou so much, this is VERY important for keeping loved ones safe ❤️

Thanks for the video but it would have been much more helpful if you showed an example of a poorly written risk statement and then how it should have been worded. Otherwise it’s too subjective and theoretical.

Hi @projectriskcoach, with the quantitative assessment e.g 50% probability the project will delayed in one month, how this help in crafting the response strategy to minimise further the likelihood of delay? As per result, the project still delayed circa 1 month (ie 5 weeks). I am trying to understand the value of the quantification and how this help to shape the strategy / risk responses.

Hi, Harry. Great nuggets. I work in a PMO and appreciate the refreshers on lessons learned and best practices.

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🎬 Perhaps you are ready to start your preparation for the PMI-RMP exam. I can walk you through the step-by-step preparation in my video-on-demand PMI-RMP Exam Prep Course. projectriskcoach.com/rmp

🎬 Perhaps you are ready to start your preparation for the PMI-RMP exam. I can walk you through the step-by-step preparation in my video-on-demand PMI-RMP Exam Prep Course. projectriskcoach.com/rmp

Struggling to find good mock test and preparation material for RMP. any suggestion

Thank you Harry.

The parable is a nice change, Harry. Thanx.

PMP and RMP

Thank you, Mr. Hall.

what tool you use and it is awesome. i want to know more about it.

great video

th-cam.com/video/TMS25GSQBwQ/w-d-xo.htmlfeature=shared

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The entire team

thank you. btw, the volume is very low.

great video. thank you

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Exploring Monte Carlo Analysis: What You Need to Know projectriskcoach.com/monte-carlo-risk-analysis/

Good Project!

Thanks for this video, Harry. Good information. We struggle with stating risks, and this was helpful.

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HUGE. THANK YOU!!!

This will help me so much Harry, thank you for doing these videos!

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[WEBINAR - December 14] How to Perform Qualitative Risk Analysis: lu.ma/zfey96in

Hey, Harry. Good food for thought nugget. I may keep it for myself, but it would definitely be a good strategical foundation launch for my team. Thanx!

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“Reflect on your present blessings, of which every man has many, not on your misfortunes, of which all men have some.” - Charles Dickens

I havr got so good lesson. Tnx

Register for the How to Identify Project Risks Webinar: lu.ma/1okcwp6z

The use of the Probability and Impact matrix is Qualitative Risk Analysis, not Quantitative Risk Analysis. I realize it uses numeric values, but they are subjective, not objective. Quantitative Risk Analysis uses object measurements of impact (for example, in terms of days (time) or dollars (cost)). If you believe my understanding is incorrect, please see PMI for the best practices of risk management. PMBOK Guide, or Process Groups: A Practice Guide or The standard for risk management in portfolios, programs, and projects. Thank you!

I find it also helpful to schedule schedule for the exam first and build my study plan based on a "no exceptions to rescheduling the date" rule.

Unidentified risks can lead to inadequate responses (or planning). Additionally, poorly defined risk statements can lead to wasted time as companies respond to risks that don’t matter.