Description
Risks are there at all levels. Project risks gets a particular focus here.
Understanding the related terms like issue and problem helps to focus on better risk management
A. Lot of importance is given to prepare for risk management:
1. Identify risks sources related to requirements, design, product, services, government norms and so on
2. Setup guidelines and ratings for evaluating risks
3. Formulate strategies (macro pointers) to manage risks
B. With this strong preparation, we can easily identify risks and also write them as formal risk statements
C. When more number of risks are identified, prioritization is required by evaluating ratings for each of the risk related to probability of occurrence and impact. Calculate RPN - Risk Priority Number and arrange the risks in the descending order of RPN
D. As per the prioritized risks, risks are mitigated using various risk strategies at macro level and action plans at micro level
E. Risk management is sustained using:
a. Tracking of risks at project, program and org level
b. at established frequency for tracking
c. with ownership, date of completion and status assigned to each of the risk
d. after the action plan is implemented, the risk is re-evaluated and prioritized again
e. this practice makes it a dynamic risk management
f. some of the risks need contingency plans also
g. few risks can be mitigated straight away. Brainstorming and Decision Analysis and Resolution (DAR) have to be used for finding the root cause of the risk occurrence and come up with solutions / action plans
Course Info
Share this course:
Frequently Asked Questions
-
How long is a coupon valid?
Coupons are issued by instructors to promote their courses, gain traction and reach momentum. The instructor can choose to emit discounted (ex: $11.99 coupon) or 100% off coupon (you pay nothing). Each coupon becomes expired when emitted quota is over (1000 enrollments) OR expiration date has been reach (5 days).
-
What is this "1000 enrollments" from Udemy?
For a coupon, number of activation are now capped to 1000 max. This means that it can be activated only a 1000 times, and then it expires; or reach its expiration date; whatever happens first.
-
Could you please help me to find a coupon for this course?
We have no contact with instructors, and only instructors can emit coupons. You can try to directly contact the instructor finding his/her Twitter/Facebook, and ask him/her for a coupon, but at our level, we cannot help, sorry.
-
What is exactly your relationship with Udemy?
We have an affiliate contract with Udemy and we may receive a commission when you purchase through some of the affiliate links on this website (only paid courses, not free or 100% discounted courses). This website is not a part of the Udemy Inc. Additionally, this website is NOT endorsed by Udemy in any way. Udemy is a trademark of Udemy, Inc. `
