Risk and Issue

In this lesson we discuss:

Project risk management is a structured process that allows individual risk events and overall project risk to be understood and managed proactively, optimising project success by minimising threats and maximising opportunities.

At the end of this lesson you will be expected to know the following learning outcomes:

10.1 Explain each stage in a risk management process (such as identification, analysis, response, and closure)
10.2 Explain proactive and reactive responses to risk (such as avoid, reduce, transfer or accept and exploit, enhance, share and reject)
10.3 Explain the benefits of risk management
10.4 Explain the key aspects of issue management