The Definition of Risk
Risk is an Essential Part of the Nature of Projects
We have a number of lectures on this one topic, because of the importance of risk in Project Management. Projects are new, uncertain, often complex, with constrained resources and tight time-scales. All this makes them risky!
But let's kick off with one of the shortest lectures in the program, to make sure you understand what risk is.
This video also appears in The Project Manager's Fast Start Program and The Project Manager's Skills Mastery Program.