Beyond probability and impact

Most people prioritise individual risks based on how likely they are to occur (probability, frequency, likelihood) and the size of the resulting effect (impact, consequence). David Hillson explains why other factors could be considered when we're deciding which risks are most important.

[@Praizion]

Always a treat Doc! MY Risk Guru!!!

[@Risk-Doctor]

Thanks Phill, I appreciate your encouragement.

[@Praizion]

@@Risk-Doctor Thanks Doc. We really need to catch up. I am behind on my review of the exam guide but very soon 😃🔜 I took a cursory look at it and I think we should indeed comment. Maybe do a live stream on your channel.

[@anmarshakir3311]

Even I had read those concepts in PMBOK, but you are elaborated in a very excellent way... Cheers

[@Risk-Doctor]

Glad it was helpful!

[@msond177]

Awesome explanation Dr Hillson! Thanks so much!

[@Risk-Doctor]

Thanks Max, that's very encouraging.

[@sultansaud7423]

I really enjoy this video 👌🏻

[@Risk-Doctor]

Thanks Sultan, I'm glad you liked this one.

[@chetanasin9150]

Thanks

[@Risk-Doctor]

No problem