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Project Risk Management: Plotting and Managing Risk In Projects
 
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Learn how to implement project risk management best practices from our expert at https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=ProjectRiskManagementPlottingandManagingRiskInProjects so that you can more effectively plot and manage risk factors in projects. Watch the video as ProjectManager.com Director Devin Deen takes you through the 4 steps to bring together your project management risk register. Find out why the most important first step is to get your risk list together. Many project managers simply email their project team members and ask them to send in things they think might go wrong in terms of risk to the project. Not so with Devin. He prefers to get his entire project team together, along with some of his client representatives on the project and do a risk identification session in terms of scope, time, cost and quality. Get Your Free 30 Day Trial of the world's leading project management software here: https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=ProjectRiskManagementPlottingandManagingRiskInProjects TO SUBSCRIBE to our YouTube Channel here: https://www.youtube.com/user/projectmanagervideos To see another project risk management video, check out: "What Is Risk Management In Projects?" Simply click the link below: https://www.youtube.com/watch?v=x7A9idByPA4
Example  for Risk Management
 
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Risk Management,Example
Views: 917 Never Give Up
How to Identify Risks? Risk Management Video
 
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See the list of possible risks inside. The volume is low. Click Cc button to see subtitles in English. Reference: My blog at http://inderpsingh.blogspot.com/2012/09/RapidRiskIdentification.html Also, see related tutorial at https://youtu.be/OlzMrXtgl1I
What Is Risk Management In Projects?
 
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Watch this video to learn all about risk management in projects, as explained by a PMP. Try our Award-Winning PM Software for free: https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=WhatIsRiskManagementInProjects What is risk management? How is risk management in projects defined? What role does the Triple Constraint play in project management? These questions centered around risk management in projects are all answered in this brief video hosted by Director, Jennifer Whitt. Be sure to WATCH THE ENTIRE VIDEO and learn exactly what project risk management is, along with how and when to apply it. Learn about the Triple Constraint and how elements of risk can affect the scope, quality cost or time of a project. Jennifer also talks about the relationship between the project management plan and the risk management plan. What is entailed in the risk management plan? Basically, it's the (risk management) process or the determination of how to manage risk on the project. Risk management tools such as project management software, excel and templates are also a vital part of project risk management Plus, you'll learn about all the activities used to manage risk throughout the entire project. Want to know more? Watch this video on project risk management and then... Click the link below to CLAIM YOUR FREE 30 DAY TRIAL OF PROJECTMANAGER.COM https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=WhatIsRiskManagementInProjects SUBSCRIBE to our YouTube Channel here: https://www.youtube.com/user/projectmanagervideos
How to write a Risk Assessment
 
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How to write a Risk Assessment, what a Risk Assessment is and how to download your free Risk Assessment from HSEDocs.com http://www.HSEDocs.com
Views: 156065 Simon Bennett
how to risk analysis framework
 
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How to undertake a risk analysis assessment on your business
Views: 32429 Parr and Associates
Risk Analysis How to Analyze Risks on Your Project - Project Management Training
 
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Watch as Jennifer Bridges, PMP, https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=CreatingaProjectPMSoftwareTutorial as she explains why you need to analyze risk and how to do it effectively.
Hazard, Risk & Safety - Understanding Risk Assessment, Management and Perception
 
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(subtitles available in English, French, Dutch, Spanish, Chinese and Russian, German, and a French version is available here: https://youtu.be/wRmfvFYDNr8) Hazard, Risk & Safety Danger, risques et sécurité Gevaar, risico's en veiligheid Peligro, riesgo y seguridad Опасность, риск и безопасность Gefahr, Risiko und Sicherheit We all hear these terms on a daily basis. So and so a chemical, physical or a biological agent poses a risk; This or that product is a hazard or behaving a certain way is unsafe. A lot of the time “hazard” and “risk” are freely used to mean the same thing. However they are not. Hazard is the potential to cause harm. Risk on the other hand is the likelihood of harm in defined circumstances. In a nutshell, hazard and risk are not always aligned as the risk depends on the exposure to the hazard ; similarly, risk, safety and perception of risk are not always aligned; this can make political decisions regarding safety levels difficult to make, in these cases it is especially important to base them on facts rather than on subjective perceptions. http://www.greenfacts.org
Views: 352740 GreenFacts.org
17. Project Risk Analysis
 
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Risk Analysis can be complex, as you'll need to draw on detailed information such as project plans, financial data, security protocols, marketing forecasts, and ... PLEASE REFER THE LINKS AS FOLLOW IF YOU NEED LEARN MORE: - You Can Ace Your PMP® Exam With The World’s Most Popular PMP® Video Training Course! : http://bit.ly/2AnUnGh - The PMI-ACP® Exam Simulator Features : http://bit.ly/2k7GuoW - CAPM® Exam Prep and CAPM® Exam Simulator : http://bit.ly/2Af7dWC - Free PMI-ACP® Exam Simulator : http://bit.ly/2nixIWw - The CAPM® Exam Simulator Features : http://bit.ly/2Ah2qUE - The PMP Exam is Changing in 2018 : http://bit.ly/2AmSk5f - PMP Exam Prep Essentials Overview Your Condensed PMP® Exam Prep Study Guide : http://bit.ly/2ngB8ZQ - eBook The PMP Exam Prep Essentials Study Guide : http://bit.ly/2ngB8ZQ - The PMP Exam Printable FlashCards (PDF FlashCards Only) : http://bit.ly/2ByCiTE - The PMP Exam eFlashCards (Portable eFlashCards Only) : http://bit.ly/2i3lUBQ - The PMP Exam FlashCards (eFlashCards & PDF Bundle) : http://bit.ly/2BAEuKr - PMP Exam Formula Study Guide (Free, Redacted Version) : http://bit.ly/2kbPoBU - The PM StudyCoach (For PMBOK Guide 5th Edition) : http://bit.ly/2Bnn035 - The PDU Podcast (Year 3) : http://bit.ly/2AmAY65 - Earn PDUs with The PM PrepCast : http://bit.ly/2zAXgjc - Earn PDUs with The Agile PrepCast : http://bit.ly/2Alns2n - The PM PrepCast (For PMBOK Guide 5th Edition) : http://bit.ly/2ipC5NZ - The Free Agile PrepCast : http://bit.ly/2kd0VRl - The Agile PrepCast : http://bit.ly/2nieb8w - The PDU Podcast (Year 2) : http://bit.ly/2Af9qRU - The PDU Podcast (Year 1) : http://bit.ly/2Af9ykm - The Free PM PrepCast - Sample Videos and Free PMP Exam Prep Material : http://bit.ly/2k9tBuK - The PDU Podcast (Monthly Subscription) : http://bit.ly/2ne1uLO - PMP Exam Formula Study Guide : http://bit.ly/2ALYfRU
Quantitative Risk Analysis for overall project risk
 
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This short presentation formed part of an APM Risk SIG workshop on the uses of QRA, in February 2016. Most people use QRA to identify the most important individual risks. Here David Hillson explains how to use it to quantify overall project risk exposure.
Views: 10299 RiskDoctorVideo
What is a Risk Register and When To Use It
 
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Qualitative risk analysis, quantitative risk analysis, risk response planning... When exactly should you use a risk register? Watch this short project management training video from https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=WhatisaRiskRegisterandWhenToUseIt to learn more.
Video Product Risk Analysis
 
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In this short video Leo van der Aalst explains the steps for conducting a Product Risk Analysis.
Views: 3991 TMapNextChannel
Safety Risk Management: Example
 
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There is a downloadable presentation with audio available here: http://www.slideshare.net/southernregionfaasteam/safety-risk-management-27454886 "As the educational outreach arm of the FAA, the FAASTeam is committed to serving the General Aviation community, and making our skies even safer. Join the FAASTeam help us make a difference!"
Risk Assessment Basics
 
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Worked example on how to write a risk assessment.
Views: 91384 Fox Robinson
Risk and How to use a Risk Matrix
 
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In this video we will take a look at what risk is and how to use a simple risk matrix. This video was created by Ranil Appuhamy Voiceover - James Clark -------------------------------------------------------------------------------------------------------- Disclaimer: These videos are provided for educational purposes only. Users should not rely solely on the information contained within these videos and is not intended to be a substitute for advice from other relevant sources. The author/s do not warrant or represent that the information contained in the videos are accurate, current or complete and do not accept any legal liability or responsibility for any loss, damages, costs or expenses incurred by the use of, or reliance on, or interpretation of, the information contained in the videos.
ISO 9001:2015 Context of the Organization - HOW TO DO A RISK & OPPORTUNITY ANALYSIS
 
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ISO 9001:2015 Risk & Opportunities Analysis Clause 6.1 and Clause 4 Context of the Organisation Quality Management Systems. Risk and Opportunities video tutorial using examples to breakdown how you can apply Clause 4 Context of the Organisation to your business. Watch this video to understand Clause 4 of ISO 9001:2015 and how you can apply a process to your organisation. This is an introduction into what our fantastic ISO 9001:2015 QMS Essentials Course offers. Go and purchase your course today at: https://goo.gl/RMTbdZ Establish yourself as a top tier Systems Auditor, buy your access now https://goo.gl/XW27zT Become a member of the Best Practice team and gain access to our checklists, discounts, live events and special offers https://goo.gl/AtVJVY Our amazing ISO 14001:2015 Essentials Course will give you the skills to successfully implement your environmental management system get your access now at https://goo.gl/gveijJ With the release of the new ISO 45001 OHS standard, our amazing Essentials Course will turn you into an OH&S expert so buy it now at https://goo.gl/Kxbua5 Our easily explained Transitioning Courses will answer any queries you have about the new standards and develop fundamental skills with in yourself to be able to manage all ISO standards. Buy your ISO 9001:2015 course now at https://goo.gl/AoawJ3 & our ISO 14001:2015 Course at https://goo.gl/w8yMP8 Go and dive into our amazing ISO 9001:2015 Gap Analysis Checklist Course that we have available as the perfect introduction and implementation tool to accompany your management system https://goo.gl/JZQcq1 Follow and subscribe to: Best Practice Website : https://goo.gl/uJTioQ Facebook : https://goo.gl/VOJfKZ LinkedIn : https://goo.gl/dZmlTr Youtube : https://goo.gl/8SVD9E Instagram : @bestpracticetv Snapchat : @bestpracticetv REAL RIDE by Nicolai Heidlas Music https://soundcloud.com/nicolai-heidlas Creative Commons — Attribution 3.0 Unported— CC BY 3.0 http://creativecommons.org/licenses/b... Music promoted by Audio Library https://youtu.be/AkumpVSv1VY
Views: 13755 @BestPracticeTV
Project Risk Management
 
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Simple project risk management guide by James Clements, Project Plan Online. http://projectplanonline.com/?p=2113 https://www.youtube.com/watch?v=64SYPlMTz9U
Views: 45292 James Clements
Qualitative Vs Quantitative Risk Analysis
 
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This video describes Risk Analysis Techniques - Qualitative and Quantitative. It also describes techniques to do Qualitative and Quantitative Risk Analysis along with developing rating scales. -~-~~-~~~-~~-~- Please watch: "Introduction to MS Paint" https://www.youtube.com/watch?v=fhIGiUWdkzY -~-~~-~~~-~~-~-
Views: 18690 Project Management
Using a risk assessment matrix
 
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20 minute video showing how I believe a matrix should be used as a tool to support the risk assessment process. I am very interested in your comments, and willing to adapt the presentation if necessary
Views: 51199 Andy Brazier
‘Risk Management’ VS ‘Contingency Planning’
 
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Learn difference between ‘Risk Management’ and ‘Contingency Planning’. Explained with clause reference and example in Hindi. ---------------------------------------------------------------------------------------- Contact at [email protected] or visit www.qualityhubindia.com for Online Training & Certifications on following topics: 1. Lean Six Sigma Yellow Belt (LSSYB) 2. Lean Six Sigma Green Belt (LSSGB) 3. Internal Auditor Certification (ISO9001 & IATF16949) 4. Core Tools (APQP,PPAP,MSA,SPC,FMEA) 5. Certification on EHS (ISO14001 & ISO45001) awareness program 6. Total Productive Maintenance (TPM) , Its Pillars & support tools 7. Total Quality Management (TQM) & Basics of Quality 8. Quality Circle Concept of problem solving 9. 5S, KAIZEN and Basics of Lean Manufacturing 10. “5S Expert” Certification 11. Problem solving Tools 7QC tool, New 7 M tools & Root Cause Analysis (RCA) and many more…… Learn in your leisure time and get certified. (Competitive charges) ………………………………………………………………………………………………………… Watch other videos from ‘Quality HUB India’- Link of video Gallery https://www.youtube.com/channel/UCdDEcmELwWVr_77GpqldKmg/videos ……………………………………………………………………………………………….……… Link to buy books 1. Mistake-Proofing Simplified: An Indian Perspective: https://www.amazon.in/gp/product/8174890165/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=8174890165&linkCode=as2&tag=qhi-21 2. Management Thoughts on Quality for Every Manager: https://www.amazon.in/gp/product/B0075MCLTO/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B0075MCLTO&linkCode=as2&tag=qhi-21 ……………………………………………………………………………………………….……… • Subscribe and click on Bell Icon for getting notification. • Like, comment & Share link of the video with your colleague and friends • Watch and subscribe to our 2nd channel ’Quality HUB International’ – Videos on Quality in English https://www.youtube.com/channel/UC9XEdkSrqRKdZrnwiYhCicQ • Watch and subscribe to our 3rd channel ’Gyan Jyoti India’ https://www.youtube.com/channel/UC2mG2zbtTd0RZqSTW5v9hNg ……………………………………………………………………………………………….……… For In-House Program, Online Certification and other business inquiry Contact us at: [email protected]
Views: 5265 Quality HUB India
Project management - Excel Risk Dashboard Template
 
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Project management - Excel Risk Dashboard Template In this article I'll show you how to build excel risk template using Excel's built in visual tools. htttp://exceldashboardschool.com/ Instructions for Changing the Contents of Drop-Down Menus: Highlight the cell of which you wish to change the content of the drop down menu. From the file menu click Data then Validation and you can change the content of the source field. Matrix Score: This is calculated once you select the priority and current status. The matrix use conditional formatting to display color. In our Excel risk template I used risk ranking to determine matrix score. This is a priority (with weighted category) list which is determined by the relative ranking of the risks. If you change the actual status of priority the risk score calculated automatically. Excel dashboards, free excel dashboard templates, free excel project management templates, excel issue trackers on my blog.
Views: 46754 Excel Dashboard School
Three Simple, Fun and Effective Tools to Help Manage Risk | Will Gadd | TEDxYYC
 
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Having spent more than 30 years as a full-time sponsored extreme sports athlete, Will Gadd now teaches his two young daughters how to navigate life and mountains. In this humorous talk he tells us why he’s happy when his five-year old classifies a situation as “Bumps and bruises only” or “Death,” and outlines a few simple tools we can all use to navigate the risk inherent in life. Will Gadd is one of the top outdoor adventure athletes in the world, an award-winning writer, filmmaker, and dad. He has ice-climbed, paraglided, kayaked and trekked in some of the most extreme corners of the planet. A National Geographic “Adventurer of the Year”, Will has climbed icebergs in Labrador and underground ice in Sweden, was the first person to climb a frozen Niagara Falls, and recently returned from climbing the last ice on top of Africa’s highest peak, Mount Kilimanjaro. While best known for his accomplishments as an adventure athlete, Will's is also passionate about sharing his ability to complete those adventures safely, and helping individuals see the world and themselves differently. Will has appeared in, hosted or produced more than 100 global television projects, and is well-known for his Discovery Channel documentary series Fearless Planet, where he traveled alongside regional scientists to explore the geology of the earth. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
Views: 52859 TEDx Talks
An Overview of Risk Assessment According to ISO 27001 and ISO 27005
 
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This webinar helps on getting important knowledge related to the risk assessment based on the ISO 27005 and its relation to ISO 27001. Main points covered: • The process of risk management – from Risk assessment methodology to Risk Treatment plan • Risk identification – assets, threats and vulnerabilities • Risk analysis – how to assess impact and likelihood Presenter: This webinar was presented by Dejan Kosutic, the main ISO 27001 expert at Advisera. He has an extensive working experience both as tutor and as a consultant. He is an Approved Tutor for ISMS Lead Auditor courses, and delivers various ISO 27001 in-person courses throughout Europe as well as online courses via webinars. In his consulting career, he works with clients from the financial sector, government, and small and medium-sized business including IT companies. Date: April 20, 2016 Organizer: Gezim Zeneli, Slides of the webinar: http://bit.ly/1YIGxQT Website: https://pecb.com/ LinkedIn: https://www.linkedin.com/company/pecb/ Twitter: https://twitter.com/PECB Facebook: https://www.facebook.com/PECBInternational/ Google +: https://plus.google.com/+PECBGroup Slideshare: http://www.slideshare.net/PECBCERTIFICATION
Views: 21967 PECB
Environmental Risk Assessment and Management
 
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Overview of environmental risk assessment and management including hazard identification, consequence ranking, risk tables and mitigation measures.
Views: 7052 Graham Ashford
4 Quantitative risk analysis management @risk software Palisade by Dr Mehrdad Arashpour
 
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This short video shows the sixth (final) step in a quantitative risk analysis: Analysis and interpretation of Monte Carlo Simulation results. Please subscribe to this You Tube channel (Engineering Management Academy) for weekly updated videos about engineering and project management related topics. 10.6084/m9.figshare.4054722
Create a Risk Assessment Chart
 
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Check out my Blog: http://exceltraining101.blogspot.com This video covers how to create a colored (green-yellow-red) risk assessment chart. This is used in project management to compare risk to probability for various task or projects to help aid in decision making. Find the label creating macro at Microsoft http://support.microsoft.com/kb/213750 Feel free to provide a comment or share it with a friend! --------------------------------- #exceltips #exceltipsandtricks #exceltutorial #doughexcel #exceltips #exceltipsandtricks #exceltutorial #doughexcel
Views: 195191 Doug H
Risk Assessment Made Easy
 
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A simple guide to Risk Assessment as required by Section 19 of the Safety, Health and Welfare at Work Act 2005. A simple animated guide showing how to develop roisk assessments and implement a heirarchy of controls. Part of the Taking Care of Business Initiative
Views: 177720 HSAchannel
Risk Assessment Template - Project Management
 
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Learn how to perform risk assessment. Assess the risks associated with the project. A project with high risk may imply a higher chance that it will end with a failure. See how the Guide-through process can help you get your IT project done: https://www.visual-paradigm.com/features/project-management-lifecycle-guide-through/ Project Management Lifecycle - Overview of The Five Phases: - Identification: https://www.visual-paradigm.com/tour/project-management/it-project-management-lifecycle-identification.jsp - Initiation: https://www.visual-paradigm.com/tour/project-management/it-project-management-lifecycle-initiation.jsp - Planning: https://www.visual-paradigm.com/tour/project-management/it-project-management-lifecycle-planning.jsp - Execution & Control: https://www.visual-paradigm.com/tour/project-management/it-project-management-lifecycle-execution_n_control.jsp - Closeout: https://www.visual-paradigm.com/tour/project-management/it-project-management-lifecycle-closeout.jsp Try it FREE: https://www.visual-paradigm.com/download/
Views: 886 VisualParadigm
Risk Management Program Template (SWOT Assessment & Analysis)
 
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This is a tool designed to meet with newly released of ISO 9001:2015. It provides solution on how organizations are able to determine the context of organization and understand in it (Clause 4.1 & 4.2 of the standard). As required, input had addressed on internal and external issues and determination, assessment and analysis are using SWOT-PESTLE approach. PESTLE Analysis is a framework used to scan the organization's external macro environment. The letters stand for Political, Economic Socio-cultural, Technological, Legal and Environmental. Additional issue on Competitor strategies make the analysis to be more comprehensive. While, internal issue study, review and analyse the strength and weak of the organization based from Capability, Business Strategic, Product, Employee, Working Environment, Financial and Resources. When data are inserted, the summarization are automatically generated to ease of decision for improvement activity. It's really practical and effective to manage the business operational risk through dynamic and interactive method. Trial sample can be requested through this link http://bit.ly/SmarTTool Online purchase at http://swot-pestle.blogspot.com Contact us at [email protected] to find further info
Risk Management
 
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risk management. a fun way to explain risk management especially in projects. visit www.kuwaitat.net
Views: 21651 alkbooks
What is environmental risk assessment?
 
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The environment is a broad concept that describes our surroundings. It includes air, water, land, plants and wildlife. Environmental risk assessment is a scientific process that identifies and evaluates threats to the environment, in particular to living organisms, their habitats and ecosystems. An EFSA scientist explains how this process helps to ensure that products that are put on the European market do not cause unacceptable harm to the environment.
Views: 28593 EFSAchannel
Risk Management in Software Projects
 
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Click Cc button to see subtitles in English. Next, learn Cause and Effect Analysis at https://youtu.be/pezYndsY7TM
Risk Assessment Matrix
 
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A planning tool you can you in every aspect of your life. You have to be honest with yourself and have a realistic outlook for this to work.
Views: 46829 The Immortal
Risk Identification and Assessment
 
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Join OpenThinking Courses in the Middle East related Internal Auditing, Risk Management and Fraud Examination: www.openthinking.ae
Views: 17830 Iyad Mourtada
Using Decision Trees for Risk Analysis
 
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This video provides an explanation and example of how to create a decision tree for risk analysis. I created this video with the YouTube Video Editor (https://www.youtube.com/editor)
Views: 38550 Risk Precis
Monte Carlo Schedule Risk analysis. Part 1: Introduction to schedule risk analysis techniques
 
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Video shows how schedule risk analysis is performed in RiskyProject project risk management and risk analysis software. Monte Carlo simulations require inputs to perform the analysis: duration estimates and statistical distributions. In this video, we describe what a statistical distribution for schedules is and use a real life example to gather the distribution data and describe them using frequency histograms and cumulative probability plots. Finally, we use the data we generated from this real life example, to create a risk analysis model in the software and run a Monte Carlo simulation. For more information how to perform schedule risk analysis using RiskyProject software please visit Intaver Institute web site: http://www.intaver.com. About Intaver Institute. Intaver Institute Inc. develops project risk management and project risk analysis software. Intaver's flagship product is RiskyProject: project risk management software. RiskyProject integrates with Microsoft Project, Oracle Primavera, other project management software or can run standalone. RiskyProject comes in three configurations: RiskyProject Lite, RiskyProject Professional, and RiskyProject Enterprise.
Views: 27764 Intaver Institute Inc.
Introduction to Risk Assessment
 
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Info Level: Beginner Presenter: Eli the Computer Guy Date Created: October 12, 2010 Length of Class: 57 Minutes Tracks Computer Security /Integrity Prerequisites None Purpose of Class This class teaches students the basic concepts behind Risk Assessments. Topics Covered Defining Risk, Threat and Vulnerability Types of Protections Mitigation Concepts Business Rational for Risk Assessment and Management Class Notes Introduction The better you know technology the better you will do with Risk Assessment/ Management. Risk Risk = Treat x Vulnerability Overview of Risk Risk is defined as the likelihood of financial loss. Risk is a business concepts not a technological one. Down Time Fraud Legal data loss issues Hacking -- Attacks from your network Data Theft (Trade Secrets) Overview of Threat i. Natural Disatser ii. Malicious Human iii. Accidental Human iv. System Failure Impersonation Interception Interference Overview of Vulnerability Flooding Theft of Systems Hacking Viruses Overview of Protections Technoloigical Safe Guards Physical/ Operational Security Disaster Plan Documentation Technological Safeguards (Firewalls, Antivirus) Concepts of Mitigation Incident - Response - Debrief - Mitigation Making Bad not so bad You will never be safe Security Buy In and Quantifying Risk The business leaders will make the final decision on Risk Management The better your BUSINESS argument the more likely you are to get the go ahead. What is the cost of downtime What is the legal cost Cost of Security vs. Benefit Final Thoughts Risk is a BUSINESS concept! The more you understand about business and can talk about financial ramifications the more likely you are to get you fancy new security equipment. Resources US Computer Emergency Readiness Team
Views: 179037 Eli the Computer Guy
Risk Management - Set Preview - FMEA, ISO 9001-2015, Mistake-Proof,
 
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A preview to 360 Performance Circle's new Risk Management series. For the full story, check out our website here: http://www.360performancecircle.com/product/category/13/154/lean/risk-management Go beyond just initiating preventive actions to mitigating risks Confront the future of lean and quality with confidence. Address risk with practical tools. Engage risk at strategic, project, process, and product levels. Create intelligent contingency plans. Episode 29: Using Failure Mode and Effects Analysis (FMEA) to Manage Risks and Mistake-Proof Bring practical methods to risk management; Satisfy key aspects of the new ISO 9001 requirements Episode 30: Manage Risk at All Three Levels of the Organization Reduce risk in your products, processes, projects, and strategic decisions Your presenter Our subscription plan: Our videos are based on a one-year subscription for a physical site. This means you can deploy the videos to as many people associated with that site as you wish. They can be viewed in a classroom, at desks and work stations, at satellite offices, or even at home. See the entire series on lean! These two videos are part of a larger series on lean: "Creating and Sustaining Lean Improvements." And check out our videos using magic to illustrate many topics on lean and quality! FMEA got its start in the aerospace industry decades ago, and has been a requirement by many customers in many industries, but rarely has it been done well. It was always seen as a "quality" compliance tool, rather than a useful tool for making better decisions. Today, FMEA has grown to be associated with the lean tools of mistake-proofing and poka yoke. As the world focuses more on risk management, FMEA has become immensely valuable. To properly understand risk management, one must address it at multiple levels: Product, process, project, strategic, and company-wide. Go way beyond initiating preventive actions and focus on a holistic approach to manage and mitigate risks.
Views: 38989 360 Performance Circle
Understanding ISO 9001:2015: Risk and opportunies
 
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What are risk and opportunities and how are they adressed?
Views: 8917 Peter van Nederpelt
What is RISK MANAGEMENT PLAN? What does RISK MANAGEMENT PLAN mean? RISK MANAGEMENT PLAN meaning
 
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What is RISK MANAGEMENT PLAN? What does RISK MANAGEMENT PLAN mean? RISK MANAGEMENT PLAN meaning - RISK MANAGEMENT PLAN definition - RISK MANAGEMENT PLAN explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ A risk management plan is a document that a project manager prepares to foresee risks, estimate impacts, and define responses to issues. It also contains a risk assessment matrix. A risk is "an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives." Risk is inherent with any project, and project managers should assess risks continually and develop plans to address them. The risk management plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies to help the project avoid being derailed should common problems arise. Risk management plans should be periodically reviewed by the project team to avoid having the analysis become stale and not reflective of actual potential project risks. Most critically, risk management plans include a risk strategy. Broadly, there are four potential strategies, with numerous variations. Projects may choose to: Avoid risk – Change plans to circumvent the problem; Control/Mitigate risk; – Reduces impact or likelihood (or both) through intermediate steps; Accept risk – Take the chance of negative impact (or auto-insurance), eventually budget the cost (e.g. via a contingency budget line); Transfer risk – Outsource risk (or a portion of the risk – Share risk) to third party or parties that can manage the outcome. This is done financially through insurance contracts or hedging transactions, or operationally through outsourcing an activity. (Mnemonic: SARA for Share Avoid Reduce Accept, or A-CAT for "Avoid, Control, Accept, or Transfer") Risk management plans often include matrices. The United States Department of Defense, as part on, uses risk management planning that may have a Risk Management Plan document for the specific project. The general intent of the RMP in this context is to define the scope of risks to be tracked and means of documenting reports. It is also desired that there would be an integrated relationship to other processes. An example of this would be explaining which developmental tests verify risks of the design type were minimized are stated as part of the test and evaluation master plan. A further example would be instructions from 5000.2D that for programs that are part of a system of systems the risk management strategy shall specifically address integration and interoperability as a risk area. The RMP specific process and templates shift over time (e.g. the disappearance of 2002 documents Defense Finance and Accounting Service / System Risk Management Plan, and the SPAWAR Risk Management Process).
Views: 2143 The Audiopedia
The BowTie method in 5 minutes
 
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This is a short video to explain the basics of the BowTie method for risk assessment of major hazards. For more information, visit https://www.cgerisk.com/products/bowtiexp/
Risk assessment in Health and Social Care
 
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Don't know where to start when doing a risk assessment? This video explains the steps to complete a health and safety risk assessment.
Views: 8608 PHSC
Decision Tree Analysis/EMV - Risk PMP Exam Prep Problem
 
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PMP Exam Audio Prep: http://praizion.com Our project management courses are credit eligible for contact hours or professional development units (PDUs). Participants studying for the PMP® exam can claim the contact hours earned to satisfy PMI's eligibility requirements for the PMP® exam. Project managers seeking to maintain their PMP certification can claim the PDUs earned to satisfy PMI's Continuing Certification Requirements. Mission Statement At Praizion Media, our goal is to significantly enhance core competency in project management and equip participants with the necessary tools and skills to hit--the-ground-running in their project work. We are committed to providing clear understanding of the PMBOK® Guide, project management, project management tools, techniques and concepts to participants worldwide. With a mind-set of quality and excellence, we strive to: • Uphold the project management methodology advocated by the Project Management Institute (PMI®). • Present real world project management concepts and examples in an accessible, understandable framework. • Provide PMP® candidates with a mechanism to gauge understanding and preparedness for the PMP® exam. • Reinforce project management sensibility through targetted learning instruction.
Views: 4378 Praizion
12. What is Financial Risk
 
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Download Preston's 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Preston Pysh is the #1 selling Amazon author of two books on Warren Buffett. The books can be found at the following location: http://www.amazon.com/gp/product/0982967624/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0982967624&linkCode=as2&tag=pypull-20&linkId=EOHYVY7DPUCW3WD4 http://www.amazon.com/gp/product/1939370159/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1939370159&linkCode=as2&tag=pypull-20&linkId=XRE5CA2QJ3I2OWSW In this lesson, we briefly talked about the difference between risks and rewards. We learned that the 10 year Federal Note is a risk free investment that provides a marginal return. We know that in follow on lessons, we're going to use the 10 year note as our baseline value to relatively compare the value of other investments. When we assess the amount of risk that's associated with an investment, we learned about three factors that make an investment risky. 1. Debt. We learned that as a company increases the amount of debt (or leverage) they use, it typically results in diminishing returns. By avoiding investments that carry a lot of debt, you'll mitigate the risks associated with any investment. 2. Price. Although investors might have the opportunity to purchase a really great business, we learned that the price at which they purchase the asset can actually result in a poor investment. We know that the price is what we pay and that value is what we get. This idea is at the heart of a value based investing approach. 3. Knowledge. One of the hardest things for an investor to do is to admit that they don't know all the facts. Although this may prove challenging, the faster an investor can identify they lack of knowledge or ability to properly account for all the variables, the less risk they'll assume in any investment.
Views: 232805 Preston Pysh
PMP®  | EMV & Decision Tree Analysis| Project Risk Management | Lesson 11 | Part 6
 
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Stuck with PMP? Enroll in our PMP Online Training and Get PMP in 45 Days with PMBOK5 http://goo.gl/l2aQOq Be a part of the latest discussions on PMP Training and PMP Exam http://goo.gl/91L1cw We have once again brought you an interesting topic. An Example of Decision Tree given in PMBOK 5 is discussed in detail explaining how Decision Tree and EMV for each decision path are calculated. We have to identify whether we want to build a plan or upgrade it. Most of the professionals find this decision tree analysis diagram very confusing. Let us know how you find the video presentation. Are all your queries sorted out? If not, then do drop us a comment in the following thread. We will respond with an immediate effect.
How to Make a Risk Assessment Matrix
 
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Whether we are developing something new for a customer, or leading an initiative to improve the company, every project we undertake contains some level of uncertainty. Because of this, and particularly when the stakes are high, some level of risk analysis is always a good idea. Rather than just scoring risks as high, medium or low, this method will help you actually quantify a financial value for risk and unknowns that can be included in the project's business case. This video provides an overview of how to create a risk assessment matrix for your project. You can download the presentation shown from following page: http://www.managersresourcehandbook.com/project-risk-matrix-template/
Risk Ranking Matrix - HOW TO RANK RISK ISO 9001
 
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ISO 9001:2015 Risk Assessment Matrix Tutorial. Learn how to rank risk in this step by step video tutorial with our CEO. Risk ranking is an important process of ISO 9001:2015. Make sure you see this Risk Assessment Matrix! This is an introduction into what our fantastic ISO 9001:2015 QMS Essentials Course offers. Go and purchase your course today at: https://goo.gl/RMTbdZ Establish yourself as a top tier Systems Auditor, buy your access now https://goo.gl/XW27zT Become a member of the Best Practice team and gain access to our checklists, discounts, live events and special offers https://goo.gl/AtVJVY Our amazing ISO 14001:2015 Essentials Course will give you the skills to successfully implement your environmental management system get your access now at https://goo.gl/gveijJ With the release of the new ISO 45001 OHS standard, our amazing Essentials Course will turn you into an OH&S expert so buy it now at https://goo.gl/Kxbua5 Our easily explained Transitioning Courses will answer any queries you have about the new standards and develop fundamental skills with in yourself to be able to manage all ISO standards. Buy your ISO 9001:2015 course now at https://goo.gl/AoawJ3 & our ISO 14001:2015 Course at https://goo.gl/w8yMP8 Go and dive into our amazing ISO 9001:2015 Gap Analysis Checklist Course that we have available as the perfect introduction and implementation tool to accompany your management system https://goo.gl/JZQcq1 Follow and subscribe to: Best Practice Website : https://goo.gl/uJTioQ Facebook : https://goo.gl/VOJfKZ LinkedIn : https://goo.gl/dZmlTr Youtube : https://goo.gl/8SVD9E Instagram : @bestpracticetv Snapchat : @bestpracticetv Dreams by Joakim Karud https://soundcloud.com/joakimkarud Creative Commons — Attribution-ShareAlike 3.0 Unported— CC BY-SA 3.0 http://creativecommons.org/licenses/b... Music provided by Audio Library https://youtu.be/VF9_dCo6JT4
Views: 8833 @BestPracticeTV
Decision Tree Tutorial in 7 minutes with Decision Tree Analysis & Decision Tree Example (Basic)
 
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Clicked here http://www.MBAbullshit.com/ and OMG wow! I'm SHOCKED how easy.. No wonder others goin crazy sharing this??? Share it with your other friends too! Fun MBAbullshit.com is filled with easy quick video tutorial reviews on topics for MBA, BBA, and business college students on lots of topics from Finance or Financial Management, Quantitative Analysis, Managerial Economics, Strategic Management, Accounting, and many others. Cut through the bullshit to understand MBA!(Coming soon!) http://www.youtube.com/watch?v=a5yWr1hr6QY
Views: 514998 MBAbullshitDotCom
Manual Handling Risk Assessment - Case Study 1 - Barrel Handling
 
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This case study shows a warehouse worker manually handling a large barrel.
Views: 3884 HSENIvideo
Monte Carlo simulation of cost risk
 
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This illustrates how a cost risk model can be built in Excel and evaluated using Monte Carlo simulation with the @Risk add-in.
Views: 6826 Stephen Grey

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