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.
Before you watch this video, why not hit pause? (if you have autoplay selected - the blue gear wheel at the top left of this page).
Then ask yourself what you think risk is.
What do we mean by the term?
This video also appears in The Project Manager's Fast Start Program