What is Risk? <b<br/>r/>

In this video, Dr Mike Clayton, author of 'Risk Happens!' sets ou<b<br/>r/>t a clear definition.

This is a sample video from<br/> our Project Management core course program.

When you are managing a project, risk is always with you. So, Project Risk Management is a fundamental discipline.



Project Risk Management one of the 10 Knowledge Areas in the PMBOK Guide 6th Edition and one of the 7 themes...

Defining your project is a vital task. And there are a lot of things to remember. Fortunately, we have some handy acronyms: RAID, CAD, and DCARI. You may find them helpful - or you may have heard them, and wondered what they...

Handling contradictions is one of the challenges of our work as project managers.



As a Project Manager, you need to be able to make decisions, even when you are uncertain about the situation. Your first...

There are two reasons why cost estimation is important for project managers. First, it’s extremely hard to estimate project costs well. And second, poor cost estimates are often the biggest reason for a...

VUCA. It's a VUCA world. You've heard it a lot. Have you ever wondered what it means?



If you don't know and have wondered, well now's your chance to find out. I'll answer the...

A project risk is simply ‘uncertainty that can affect outcome’.



And when we classify risks, we focus on the types of impact that they
can have:

- S
chedule

- Budget

- Techn
ology
-...

7 lessons from Star Trek that do not demand you are a big Star Trek fan, Trekkie, Trekker or whatever. All you’ll need is a glancing familiarity with one of the main shows or films.



In Star Trek, the leading...

Some people might expect that agile projects have – or even need – no risk management. That is completely wrong. So, let's look at how to do risk management in agile projects.



We need to adapt our risk...

Project Control is an important part of our discipline as Project Managers. But it carries within it a paradox...



Anyone who has been to any of my live events will know that I have a few project management...

Risk Management is one of the core skillsets within the wider profession of Project Management. Whether your project is purely predictive, or absolutely agile, you need to manage risk. We have plenty of videos on the...

Projects and Programs are similar… but different. And so are Project Management and Program Management. Let’s see what those differences are.



In simple terms, programs tend to be bigger, more complex, and less certain than...

What is Project Risk Management?<b<br/>r/>

Project Managers know that projects are risky. Risk management is therefore a vital discipline. Indeed, a focus on project risk is a sign of real project management maturity.

The Cone of Uncertainty is a helpful way to understand the evolution of your project. So, what is the Cone of Uncertainty?

No one would tolerate a project that is too risky! So, what is risk tolerance?

What are top 10 Project Management concepts?



I guess every project manager will have their own idea. Here

are mine:
>
1. Definition
What is a Project Definition?...

Werner Heisenberg proposed Heisenberg's Uncertainty Principle in 1927, which states that measuring a particle's momentum and position at the same time with accuracy is not possible. One can know a property less precisely the more...

The Uncertainty Principle is demonstrated by Heisenberg's thought experiment, which demonstrates that increasing uncertainty in a particle's momentum results from precisely measuring its position, such as through a narrow slit, and vice...

This video explores the science behind why it's so difficult to "just get over" trauma. It explains how trauma affects the brain and body, leading to lasting changes that can't be easily undone. The video also highlights the importance...

The video explores the difference between overthinking and problem-solving, and how to break free from the cycle of overthinking. It provides practical strategies to shift your mindset and start taking actionable steps towards solutions.

A launch mishap led to the best experimental confirmation of gravitational redshift.

This video explores the intricacies of precision mass measurement, from the standard kilogram to forces as small as 10 micrograms. It delves into the challenges of subdividing large masses and the limits of conventional methods, like...

Meet Nyla Rose, the trailblazing professional wrestler who made history as the first openly trans wrestler in a major US promotion, All Elite Wrestling (AEW). Breaking barriers and challenging taboos, Nyla shares her journey from...

CONFRONTING FALLIBILITY: Dr Hie talks about how his hope is that the general public has a better appreciation of the ongoing process of scientific research, including uncertainty and fallibility, and the need for scientific research more...