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Managing risk in projects - PMI UK Chapter Oxford Branch meeting

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RiskDoctorVideo

RiskDoctorVideo

Күн бұрын

Projects are risky, and we use project risk management to address this. But the continued failure of projects suggests that the problem of risk has not been completely solved. David Hillson, the Risk Doctor, offers three suggestions for how we might do things differently and better, by extending our concept of risk, addressing weak spots in the risk process, and dealing with risk attitudes of both individuals and groups. David presents practical and proven solutions to each of these areas, challenging current practice and encouraging improvement.
Sadly, the cameraman didn't include the screen in his shot, so you can't see the slides. If you'd like a copy of the slides, email David at david@risk-doctor.com and he'll send them to you.

Пікірлер: 177
@indirapoitier338
@indirapoitier338 6 жыл бұрын
Posted in 2013 and still very useful
@Risk-Doctor
@Risk-Doctor 6 жыл бұрын
Thanks Indira. We've made progress in some of these areas in the past five years, but some aspects still need attention! Don't forget that you can get the slides for this talk - email me at davidrisk-doctor.com. Unfortunately the cameraman didn't get the screen in shot :-(
@indirapoitier338
@indirapoitier338 6 жыл бұрын
RiskDoctorVideo thank you
@ChatGPT1111
@ChatGPT1111 2 жыл бұрын
"There might not be a ruble in 2030". Well this was prophetic!
@Risk-Doctor
@Risk-Doctor 2 жыл бұрын
Hmm...!!
@badboy1cy
@badboy1cy 9 жыл бұрын
I have followed and read books and articles by Dr. Hillson (Risk Doctor) in my pursuit of an MSc Risk Management degree and this has helped me recognise the conflicts over how decisions are and should be made by providing in-depth knowledge on how to ultimately make a decision based upon a wide appreciation of issues. I am now able to evaluate the framework (IRGC, ISO 31000and others) that can be used to relate the functions of Risk Management and the actors that perform them, giving me a better understanding of process of decision making and factors which influence it. You really are the Risk Doctor. Thank you very much and keep up the good work.
@Risk-Doctor
@Risk-Doctor 9 жыл бұрын
Thanks for this encouraging & positive feedback Cyril. I'm delighted that some of my work has been useful to you. I've just started work on my next book, "An Executive Guide to Risky Decision-Making", which will give clear guidance on how to make a good decision in situations that are perceived to be both risky and important. Watch this space!!
@kevwhatley7893
@kevwhatley7893 8 жыл бұрын
I'm new to project management. I appreciate the audio portion of this video. There is a lot of useful information here. I just wish I could have seen the slides.
@Risk-Doctor
@Risk-Doctor 2 жыл бұрын
Hi Kev. As I say in the video description, I'll send you the slides if you send me your email address.
@kanyewest132
@kanyewest132 6 жыл бұрын
Great lecture. I've learned more in this one seminar than an entire 2 weeks of PMBOK review.
@Risk-Doctor
@Risk-Doctor 6 жыл бұрын
Thanks Danny, that's really encouraging. Let me know if we can help in any other way (david@risk-doctor.com).
@teejaydejitj
@teejaydejitj 4 жыл бұрын
The teacher explained perfectly well with a challenging punch line of we being the change we desire...which is only achievable by taking risk. Thank you for adding more knowledge to my career growth.
@Risk-Doctor
@Risk-Doctor 4 жыл бұрын
You're right, this is a powerful statement from Ghandi: "You must be the change you wish to see in the world. "
@MetaMorphysLife
@MetaMorphysLife Жыл бұрын
Watching in 2022 it still applies more than ever we see people in the position of trust and power being ridiculous in managing risk...
@Risk-Doctor
@Risk-Doctor Жыл бұрын
Thanks, and sadly you're right. What are we (you and I) going to do to change things??!! If we are in such a position, we need to act differently and model a better way. BTW MetaMorphys looks fascinating - I hope it goes well.
@matthewwilliams2624
@matthewwilliams2624 9 жыл бұрын
I am new to the profession of Risk Management, and I found this video extremely useful and thought provoking. Thank you
@Risk-Doctor
@Risk-Doctor 2 жыл бұрын
I'm glad to hear that Matthew. Six years later, you're not so new to the risk profession - I hope it's going well?!
@CraigHaldane
@CraigHaldane 9 жыл бұрын
I'm currently working my way through one of the good Dr's books - Exploiting Future Uncertainty , Creating Value From Risk. I must say it's an excellent source of knowledge for Risk Management. Very well structured and informative,
@Risk-Doctor
@Risk-Doctor 9 жыл бұрын
Thanks for this positive and encouraging comment Craig. I'm glad you're enjoying some of the Risk Doctor resources - lots more free stuff on our website www.risk-doctor.com, including videos, webinars, short briefings, articles etc. Enjoy! David
@Risk-Doctor
@Risk-Doctor 11 жыл бұрын
Thanks very much, Let me know if you want to see the slides - email to david [at] risk-doctor[dot]com. More videos on the Risk Doctor website, as well as webinars, papers etc, all free.
@harshadabhosle4129
@harshadabhosle4129 7 жыл бұрын
I am a big fan of yours !!! Financial intelligence was never so interesting until i followed all your videos !!!
@Risk-Doctor
@Risk-Doctor 7 жыл бұрын
Thank you Harshada. I am very encouraged by your enthusiastic support!
@pcs826
@pcs826 6 жыл бұрын
Great lecture. Found gap in PMBOK Risk managment process in 2013 and PMI brought in Implement Risk Response process in PMBOK6 in 2017 end.
@Risk-Doctor
@Risk-Doctor 6 жыл бұрын
Exactly! Implement Risk Responses has also been part of the risk process in the Body of Knowledge for the UK Association for Project Management (APM) for a few years. The standards world have got the message - now we need to make sure that practitioners actually do it!
@josephkind
@josephkind 10 жыл бұрын
it is really fantastic to understand and very simple language to understand. thank you very much to Mr.RiskDoctor.
@Risk-Doctor
@Risk-Doctor 10 жыл бұрын
Thanks Antony, glad you like it. Email me at david[at]risk-doctor.com if you want the slides. Other good free stuff about risk on the Risk Doctor website!
@CraigHaldane
@CraigHaldane 9 жыл бұрын
I've just completed One of the Risk Dr's Publications - Exploiting Future uncertainty, Creating Value from Risk. I thoroughly recommend this book as its very informative and well laid out. It's interesting to note the vast amount Journals throughout the world citing Dr Hillson's work . I'm glad I read it as I feel I now have a great grounding in the subject. Thanks a lot .
@Risk-Doctor
@Risk-Doctor 9 жыл бұрын
Thanks for this encouraging comment Craig. I'm delighted that you enjoyed this book. I write a new book on risk each year, so there are now ten for you to explore! (details at risk-doctor.com/publications/publications-books). If anyone else is interested in Exploiting Future Uncertainty, full details are here: www.gowerpublishing.com/isbn/9781409460671.
@FredericLovesYou
@FredericLovesYou 6 жыл бұрын
Professional! Excellent presentation..
@Risk-Doctor
@Risk-Doctor 6 жыл бұрын
Thanks Fred, I appreciate this encouraging and positive response.
@DonneyLiu
@DonneyLiu 8 жыл бұрын
Good video, interesting and easy to understand!
@Risk-Doctor
@Risk-Doctor 8 жыл бұрын
Thanks Donney, I'm glad you liked this one.
@3chris7
@3chris7 8 жыл бұрын
Excellent video and a real help with my engineering assignment on the subject!
@Risk-Doctor
@Risk-Doctor 8 жыл бұрын
+Chris Spitta . Thanks Chris, I'm pleased to hear that this was useful for you. Good luck with your assignment!
@philippekikou8150
@philippekikou8150 8 жыл бұрын
Doctor expert Risk management !! This is like the doctor in Molière Theater !!
@Risk-Doctor
@Risk-Doctor 8 жыл бұрын
What an interesting comment!!! Do you mean the doctor in Le Docteur Amoureux, or the doctor in Le Medecin Malgre Lui?? I'll assume that your comment is meant to be positive!!! Many thanks.
@ateeqkhan66
@ateeqkhan66 8 жыл бұрын
Great Presentation...very interesting way to describe very boring risk management
@Risk-Doctor
@Risk-Doctor 8 жыл бұрын
+Ateeq Khan. Thank you - I think! I'm pleased that you enjoyed this presentation. But I wouldn't describe risk management as "boring"! To me, it is risk that makes life and business and projects interesting! If everything just goes according to plan and we don't need to do anything creative or challenging, then that's boring!Also our ability to manage risk successfully is directly related to our ability to succeed. We plan to succeed, but then things happen that weren't in our plan or that we weren't ready for. If we had been able to see them in advance, then prepare for them, protect ourselves where possible, and position ourselves to deal with them if they arrived, then we would be more successful. That's what risk management is for!!!
@fsl001
@fsl001 9 жыл бұрын
Great talk with clear, articulate examples; which are relevant to all aspects of business. The only gripe is that the illustrations used by the good Doctor are not seen in the frame-shots. Very similar approach to ISO 31000. Once again a great intro.
@Risk-Doctor
@Risk-Doctor 9 жыл бұрын
Dj Mr Cool Thanks for the positive comments. I agree that it's frustrating not to see the slides in shot. I'll send them on request - email me at address in video description.
@Brickie2011
@Brickie2011 11 жыл бұрын
I really enjoyed this presentation, it was delivered in a very informative way. Looking forward to watching the other presentations you have.
@Risk-Doctor
@Risk-Doctor 2 жыл бұрын
Thanks a lot.
@TheDenisemcdonald
@TheDenisemcdonald 8 жыл бұрын
Great delivery of a very interesting topic.
@Risk-Doctor
@Risk-Doctor 8 жыл бұрын
+Denise McDonald . Thanks Denise, I'm glad you liked it!
@3DLASHnet
@3DLASHnet 7 ай бұрын
Amazing lecture, thank you david, but why doesn't the camera man show the slides as a whole and not just follow Doctor Hillson.
@Risk-Doctor
@Risk-Doctor 7 ай бұрын
I agree, it was a mistake, sorry. In the video description, I say this: "Sadly, the cameraman didn't include the screen in his shot, so you can't see the slides. If you'd like a copy of the slides, email David at david@risk-doctor.com and he'll send them to you." Please let me know if you'd like me to do this for you.
@christianityisdumb9069
@christianityisdumb9069 9 жыл бұрын
Great speech, Great delivery. Great and inspiring content.
@Risk-Doctor
@Risk-Doctor 9 жыл бұрын
John Graham Thanks John, glad you liked it. Slides available on request!
@maheshjayawardana3355
@maheshjayawardana3355 8 жыл бұрын
An absolutely valuable lecture. Learned a lot from it. Thank you sir!
@Risk-Doctor
@Risk-Doctor 2 жыл бұрын
Thanks Mahesh.
@katimtouray9354
@katimtouray9354 6 жыл бұрын
very precise indeed thanks for sharing
@Risk-Doctor
@Risk-Doctor 6 жыл бұрын
Thanks Katim, I'm glad you enjoyed this presentation.
@MARIOista
@MARIOista 5 жыл бұрын
It's very useful to watch this video It helps me to make a small progress in my life .
@Risk-Doctor
@Risk-Doctor 5 жыл бұрын
Thanks Mario, I'm glad it was useful to you in your life, and not just in your projects. Managing risk is a life skill!
@MARIOista
@MARIOista 5 жыл бұрын
@@Risk-Doctor Well Im just an ordinaly person with a big dream i mean a big dream for me and it is to open my shop or fast food . When I save up enough money an important perplexity will lay on my head whether to buy a house or to put money at risk as a fast food or shop cos there may not be the second chance .
@Risk-Doctor
@Risk-Doctor 5 жыл бұрын
​@@MARIOista. Thanks for sharing some details about your dream. You are right, the decision will involve risk either way, including both opportunities and threats. The important first step is to be clear about your underlying objective - what lies behind the dream? For example, is it to make money, or to serve people, or to provide security for your family, or something else? The answer to this simple question may not be simple to find, but it will affect the final decision you make. Once you know your core objective, then you can assess the risks associated with each decision option, and choose the best path. As I said above, managing risk is a life skill!!
@MARIOista
@MARIOista 5 жыл бұрын
@@Risk-Doctor thank you Sir .
@amcfarlane6951
@amcfarlane6951 8 жыл бұрын
Very Very informative and great presenter. Thanks for sharing
@Risk-Doctor
@Risk-Doctor 8 жыл бұрын
+Ainsley McFarlane Thanks Ainsley, glad you liked it.
@Risk-Doctor
@Risk-Doctor 11 жыл бұрын
Thanks Art, glad you liked it. Send me an email or a request via the Contact page of the Risk Doctor website, and I'll send you the slides in pdf format.
@nafiibrahimaj8870
@nafiibrahimaj8870 7 жыл бұрын
Useful video, I thank you so much RiskDoctor, I hope that you will do much more videos in near future.
@Risk-Doctor
@Risk-Doctor 7 жыл бұрын
Thanks Nafi. There are lots of videos on the RiskDoctorVideo channel, and we try to add a few new ones each year. I hope you enjoy looking through what is here already. If you subscribe to the channel then you'll get a notification when a new video is uploaded.
@nafiibrahimaj8870
@nafiibrahimaj8870 7 жыл бұрын
Hi David, of course I already subscribed your channel on KZfaq, but I was asking if it is possible and if you have enough time to share with us short videos (4-5 minutes) on daily or weekly bases regarding: a. market risk b. credit risk c. operational risk d. reputation risk and other common risks I want to thank you personally, you have change the way of thinking towards risks. Continuously I watched your videos and I'm fascinated from them. Thank you so much again. I wish to you and your family all the best!
@Risk-Doctor
@Risk-Doctor 7 жыл бұрын
Thank you Nafi. This is a good idea, and I'll certainly consider it. Perhaps daily would be too frequent though.
@nafiibrahimaj8870
@nafiibrahimaj8870 7 жыл бұрын
RiskDoctorVideo I am very thankful to you David, I already know that time for you is very important and very valuable but if you can post video on weekly bases it will be great for us. So we can improve our skills toward Risks that nowadays is very important and very crucial for monetary and fiscal crises (and especially for debt repayments and banking crises)! Kind regards and keep moving forward!...
@babakmahinrad
@babakmahinrad 10 жыл бұрын
wonderful, specially the risk culture part in project
@Risk-Doctor
@Risk-Doctor 10 жыл бұрын
Thanks Babak. I've been thinking about risk culture for a few years, and recently produced a more detailed paper on the topic, available on request. I also was part of the Institute of Risk Management (IRM) one-year research initiative on risk culture in 2012, details are here: www.theirm.org/knowledge-and-resources/thought-leadership/risk-culture/.
@savitabhan3444
@savitabhan3444 7 жыл бұрын
Very descriptive video and I loved your presentation skills. Hope i will be able to do same with same level of confidence one day.
@Risk-Doctor
@Risk-Doctor 7 жыл бұрын
Thank you Savita. The secret to a good presentation is to know your material really well, stick to what you know, and practise! I wish you success - please send me a link to your first successful presentation!
@agesalumbila8444
@agesalumbila8444 8 жыл бұрын
thank you so much Dr Risk
@Risk-Doctor
@Risk-Doctor 8 жыл бұрын
+Agesa lumbila. You're welcome Agesa, I hope you enjoyed the video.
@burgeruniversity
@burgeruniversity 9 жыл бұрын
Don't mind me, I'm just reminding myself where I paused it. 20:12 . Great lecture btw. Really enjoying it.
@Risk-Doctor
@Risk-Doctor 9 жыл бұрын
Glad you enjoyed it enough to come back to hear the end! Let me know if you want to see the slides.
@duffy123123
@duffy123123 6 жыл бұрын
Interested in seeing those slides David :)
@bharathyiyer550
@bharathyiyer550 6 жыл бұрын
@@Risk-Doctor yes. I too found this most informative. Please do upload the slides or share?
@Risk-Doctor
@Risk-Doctor 6 жыл бұрын
Thank you Bharathy. Send me an email to david@risk-doctor.com and I'll be happy to pass on the slides to you.
@antoniog9814
@antoniog9814 6 жыл бұрын
The PM Channel should consider redesigning their logo on the screen. It occupies valuable screen real estate.
@Risk-Doctor
@Risk-Doctor 6 жыл бұрын
Good point Antonio. I'll pass this feedback to the PM Channel. I hope you enjoyed the presentation, and that the logo was not a distraction from the content?!
@Risk-Doctor
@Risk-Doctor 6 жыл бұрын
Hello again Antonio. I met the CEO of the PM Channel (Dr Andrew Delo) in London last week, and I told him about your comment. He said he'd pass it on to their video editors, and consider reducing the size of the logo in future. Thanks again for your feedback.
@antoniog9814
@antoniog9814 6 жыл бұрын
Hello there. Wow, thank you! Another option could be to make it disappear after a few seconds, like the cursor does while on the screen, and reappears if the mouse is moved.
@Risk-Doctor
@Risk-Doctor 11 жыл бұрын
Hi Art. The website is included in the comments for this video, just click "more" and you'll see it. My email is also there - drop me a request and I'll send you the slides. Glad you liked the talk. David
@ym2518
@ym2518 8 жыл бұрын
Awesome!
@Risk-Doctor
@Risk-Doctor 8 жыл бұрын
+YM . Thank you for your encouragement and support Yasir!
@vedatkonyali
@vedatkonyali 7 жыл бұрын
Good Topic and and very good Presentation. I wish camera would have been targeting slides / content rather than targeting continuously the speaker.
@Risk-Doctor
@Risk-Doctor 7 жыл бұрын
Thank you for this positive feedback Vekon. I agree, it was very frustrating when the cameraman didn't include the screen in his shot. But I'm happy to send out a copy of the slides if that would be helpful. Just send me an email at david@risk-doctor.com and I'll send them to you.
@drummer392
@drummer392 7 жыл бұрын
I film professionally for speakers, and I use a software that does a split-screen view of the camera and their powerpoint called Wirecast.
@Risk-Doctor
@Risk-Doctor 7 жыл бұрын
Thanks for this Brandon. You'll see this split-screen format in other videos on the RiskDoctorVideo channel, and I agree, it works well. In this case the event was recorded by an external supplier and we had no control over the result.
@joannew1518
@joannew1518 6 жыл бұрын
Great presentation. I am interested to learn more about the overall project risk and how that is assessed and managed - do you cover that in more detail anywhere?
@Risk-Doctor
@Risk-Doctor 6 жыл бұрын
Thanks for your positive feedback Joanne. I wrote a paper on overall project risk in 2014, and you can download it here: risk-doctor.com/docs/NA14TLD09%20Hillson%20paper%20-%20How%20risky%20is%20your%20project.pdf. I hope this is helpful.
@vetriverkothai
@vetriverkothai 8 жыл бұрын
Simply sublime, Doctor. Very informative especially touching the smallest nuances that we tend to miss in everyday practice. Being a person in the embryonic stage of RM, would you recommend any particular books out of your myriad of publications? For starters, I was definitely thinking of your RM Handbook.
@Risk-Doctor
@Risk-Doctor 8 жыл бұрын
Hi Vetri, thank you for your positive and encouraging feedback. There are lots of great free resources on the Risk Doctor website, www.risk-doctor.com, including papers, short briefings, videos, webinars, podcasts etc.My risk books all cover different topics, so it's hard to recommend one without knowing your area of interest. If you're working in projects, then "Managing risk in projects" is the one. For more general interest, try "Exploiting future uncertainty". This flier gives discount codes for nearly all my books: risk-doctor.com/docs/THE%20RISK%20DOCTOR%20COLLECTION%20v5.pdfHope this helps. Happy reading!!
@sussanokere3223
@sussanokere3223 9 жыл бұрын
Hi doctor, great presentation, please can you explain the concept of personalisation of risk as it relates to managing a project. Thanks
@Risk-Doctor
@Risk-Doctor 9 жыл бұрын
Thanks Sussan, I'm glad you liked this talk. Let's take the discussion on "personalisation of risk" offline - please email me at david@risk-doctor.com with a bit more detail of your enquiry and I'll give you an answer.
@ibrahimraslan5177
@ibrahimraslan5177 6 жыл бұрын
Thanks a lot , I just have one question . What is the best method / tool to identify risks in( policy/ legal , market and economy , operational risk ) of a manufacturing new project
@Risk-Doctor
@Risk-Doctor 6 жыл бұрын
Thanks Ibrahim, I'm glad you liked the video. There are many tools and techniques for identifying risks, and I suggest that you use a selection of methods to uncover risks - there is no "one best method"! I like to use ABC as a reminder: Assumptions Analysis (to review internal risks within the project scope), Brainstorming (a creative approach involving the project team and other stakeholders), Checklist (looking back over what was learned from previous similar projects). These three methods combine individual and group input, and focus on the present (Assumptions Analysis), future (Brainstorming), and past (Checklist). I hope this is helpful.
@mutanafaruk2973
@mutanafaruk2973 8 жыл бұрын
Risk occurs when the future outcome or event is not certain.
@Risk-Doctor
@Risk-Doctor Жыл бұрын
That's correct Mutana (and I'm very sorry for this extremely late reply).
@munjify
@munjify 9 жыл бұрын
Hi this was very helpful.Could you please explain how to critically analyse the concept of risk? Thanks
@Risk-Doctor
@Risk-Doctor 9 жыл бұрын
Thanks for the positive feedback, I'm glad you enjoyed it. I'm not quite sure what you mean by "critically analyse the concept of risk"? If you can clarify the question then perhaps I can answer it. Please email me at david@risk-doctor.com.
@sekharg4035
@sekharg4035 7 жыл бұрын
very informative ...Thank you for sharing - where can I get slides / pdf?
@Risk-Doctor
@Risk-Doctor 7 жыл бұрын
Thanks Sekhara. The description below the video says "If you'd like a copy of the slides, email David at david@risk-doctor.com and he'll send them to you." Just let me know and I'll pass them on.
@riccardobozzo8811
@riccardobozzo8811 9 жыл бұрын
Hello, I'm learning in the field og Project and Program management. I've found your presentation really interesting. I appreciated both the contents and the teaching style. Could you send me the slides? Thanks in advance
@Risk-Doctor
@Risk-Doctor 9 жыл бұрын
Riccardo Bozzo Hi Riccardo, glad you like this presentation. If you give me your email address I'll send you the slides (my email is in the intro section above).
@damienprevot6146
@damienprevot6146 9 жыл бұрын
Hello, you say in the begining that risk management is a science. If so, could you please advise me on scientific reviews (with reading committees) dealing with this subject. Thanks.
@Risk-Doctor
@Risk-Doctor 9 жыл бұрын
Damien Prevot Thanks for this good challenge Damien! Actually there is a whole science of risk, with a full academic grounding in research undertaken at universities around the globe, and with several top-rated academic journals devoted to the topic. The scientific approach started with Knight (1921), and has continued since then. More recently, Ulrich Beck developed risk thinking into the social science sphere with the idea of the risk society (1992). Daniel Kahneman won the Nobel Prize in 2002 for his work on risk psychology. I could go on...!Actually I think I said that risk is both science and art, didn't I?
@rochelhamilton3269
@rochelhamilton3269 4 жыл бұрын
Hello is it still possible to get the slides? I really found this useful
@Risk-Doctor
@Risk-Doctor 2 жыл бұрын
Hi Rochel. I've just seen your question - sorry for the delay. Yes, slides are still available, send your email address to contact@risk-doctor.com
@Praizion
@Praizion 7 жыл бұрын
A++ Great job Doc! Hope we can work on something soon! Thanks for the lesson! Why would anyone rate such a top notch video down? 11 risk ill-informed non-PMs!
@Risk-Doctor
@Risk-Doctor 7 жыл бұрын
Thanks Phill, I appreciate your encouragement. Maybe the 11 who disliked the video were complaining that you can't see the slides? I was disappointed by that too - which is why I offer to send the slides by email to anyone who asks for them. (Send a request to david@risk-doctor.com.)Yes, happy to explore doing something together - drop me an email with your suggestions.I saw your video mentioning the recent publication of the PMBOK Guide Sixth Edition - did you know I was the Vice Chair of the update project to produce that edition?! Hope you like it!!
@Praizion
@Praizion 7 жыл бұрын
Thanks David! I like watching your gestures and body language and in some instances where you show the audience. I noticed newer videos include slides. Nice addition for users. Re: the new guide....I had no idea! Great job for that. I was particularly excited about the new Risk Management process and all the great leadership additions. I was wondering earlier today, will the Risk Management Standard change to reflect that soon? I'll drop you a line. Cheers!
@Risk-Doctor
@Risk-Doctor 7 жыл бұрын
I'm glad you found the gestures and body language interesting - but I hope you also enjoyed the content?!!!Yes, let's be in touch separately on other matters. For PMBOK6, I was Vice Chair of the whole project, but also responsible for updating the risk chapter (of course), with a team of other SMEs. I think we made good progress in reflecting current developments.
@Risk-Doctor
@Risk-Doctor 7 жыл бұрын
Also... the PMI Practice Standard for Project Risk Management is currently being updated. I'm not on that team, but I'm sure they'll refer to PMBOK6.
@Praizion
@Praizion 7 жыл бұрын
Absolutely rock solid content as usual in ALL your videos Doc! I was especially looking forward to Chapter 11 in the PMBOK Guide. You and the team did it justice.
@ngonlion2858
@ngonlion2858 10 жыл бұрын
good insights
@Risk-Doctor
@Risk-Doctor 10 жыл бұрын
Thanks Ngon, glad you liked it. There are more free videos on the Risk Doctor website, plus webinars, podcasts and articles - www.risk-doctor.com.
@alirezataghipour4834
@alirezataghipour4834 6 жыл бұрын
Has any body wrote the lecture down ? They are very useful for me
@Risk-Doctor
@Risk-Doctor 2 жыл бұрын
Hi Alireza. No, this presentation is only available as a spoken talk, not written down. It's different every time I share it!!
@sermonmazheve4100
@sermonmazheve4100 8 жыл бұрын
what is the boards role towards risk management because according to the little data i got when i was doing my research it seemed as if all the directors do is put a risk management department
@Risk-Doctor
@Risk-Doctor 8 жыл бұрын
+Sermon Mazheve. Hi Sermon. Boards have a very important role in setting the tone for risk management in their organisation. They are responsible for shaping the risk culture of the organisation, as well as defining risk policy. If the organisation is listed, directors have a statutory obligation to understand and express their risk appetite for the business. There is a lot of guidance on risk available for senior leaders. As an example, I recommend that you look at the guidance for Boards on risk culture provided by the Institute for Risk Management (IRM), available here: www.theirm.org/knowledge-and-resources/thought-leadership/risk-culture.aspx. I hope this is helpful.
@AmericanHoney88881
@AmericanHoney88881 6 жыл бұрын
Does anyone know how this video helps you prepare for the PMP-RMP?
@Risk-Doctor
@Risk-Doctor 6 жыл бұрын
Hi, thanks for your comment. This video is not specifically aimed at helping people prepare for the PMI-RMP certification, although everything in the video is consistent with the exam content. Actually I was part of the Steering Group responsible for updating the PMI-RMP certification in 2012, and this video was recorded in 2013, so it's perhaps not surprising that they are aligned! I've just completed recording a PMI-RMP video prep series with Praizion Media (praizionmedia.com/praizion/), and this should be released in mid-June 2018. This series covers each domain and task in the PMI-RMP specification, and it's packed with tips and hints that will help you prepare and maximise your chances of passing. Why not drop me an email at david@risk-doctor.com and I'll let you know when the series is launched.
@myoss
@myoss 5 жыл бұрын
I like his tie
@Risk-Doctor
@Risk-Doctor 2 жыл бұрын
Is that the only thing you like?!
@VanessaKlinger
@VanessaKlinger 9 жыл бұрын
So If I'm understanding correctly what makes risk management successful is when those risks are identified and processes executed to see the end result of the impact?
@Risk-Doctor
@Risk-Doctor 9 жыл бұрын
Vanessa Klinger Exactly Vanessa, you've got it! Risk management works when we actually manage risks (obviously)! But that means we need to identify the real risks, describe them clearly, assess & prioritise them objectively, develop & implement appropriate responses, and tell people about it. And those steps are what the risk process does. It's easy!!!
@VanessaKlinger
@VanessaKlinger 9 жыл бұрын
Many Thanks I will continue watching all of your videos as I'm a PM in progress.
@angrykow
@angrykow 11 жыл бұрын
Great lecture! Where can I find the slides you mentioned? What's the web address? Thanks
@Risk-Doctor
@Risk-Doctor 2 жыл бұрын
Slides are available on request from the email in the video description - they're not available online.
@TrangLe-yi3kn
@TrangLe-yi3kn 10 жыл бұрын
I am learning about financial risk for construction project. I have a problem with risk analysis software "crystal ball", can you share some details some information on risk analysis using simulation. Thanks!
@Risk-Doctor
@Risk-Doctor 10 жыл бұрын
Hi Trang, thank you for your comment. Please email me at contact@risk-doctor.com and we can discuss this privately. Thanks, David
@thuydungtrinh1186
@thuydungtrinh1186 8 жыл бұрын
Hi Riskdoctor!. I am preparing risk management process for the Company in accordance with ISO 9001:2015, I just wonder if I apply the process like this video, is it too complicated? because our Company is so small (with the personnel is less than 20 and most of them is short employee) and there is only one main service. Is there any method of managing risk more simpler?. Thank you.
@Risk-Doctor
@Risk-Doctor 8 жыл бұрын
+Thuy Dung Trinh Hi - thanks for your enquiry. I suggest that you should aim to follow the steps in the "Process" part of this video, but maybe not to worry about some of the other more advanced areas that I discuss.The risk process is actually very simple, and you can follow it just by asking and answering a few questions. This is described in my "Risk management basics" video: kzfaq.info/get/bejne/eLJxeNiHuKfQhoE.html. One of my books also describes a risk methodology that can be applied to simple projects or small organisations. The method is called ATOM (Active Threat & Opportunity Management), the book is here: store.managementconcepts.com/ProductDetails.asp?ProductCode=001%2DB664. You can also find out more about ATOM at www.atom-risk.com/.I hope this helps.
@miriamvilleda3296
@miriamvilleda3296 7 жыл бұрын
Where can I find the powerpoint slides?
@Risk-Doctor
@Risk-Doctor 7 жыл бұрын
Hi Miriam. The introduction text below the video gives my email address where you can request the slides. (You may need to press "Show More" to see it.) Send me an email and I'll send you the slides.
@soundar_natarajan
@soundar_natarajan 6 жыл бұрын
Hi, May i know the Book you have recommended ? I am not able see that book name.
@Risk-Doctor
@Risk-Doctor 6 жыл бұрын
Hi Soundar. The book is called "Managing risk in projects", and you can buy it online from the publishers here: www.routledge.com/products/9780566088674I hope this is helpful.
@soundar_natarajan
@soundar_natarajan 6 жыл бұрын
Thanks
@omarredwan7879
@omarredwan7879 8 жыл бұрын
Mr. David, I would like to ask you to advise me books that relates to risk to help me increase my knlowdge and pass the exam
@Risk-Doctor
@Risk-Doctor 8 жыл бұрын
+omar redwan . Hi Omar. I'm not sure which exam you mean? You can find the Risk Doctor Recommended Reading List on Links page of our website, or here: risk-doctor.com/docs/RDP%20Risk%20references%201401.pdf
@omarredwan7879
@omarredwan7879 8 жыл бұрын
I meant the risk mangment exam, PMI
@Risk-Doctor
@Risk-Doctor 8 жыл бұрын
+omar redwan . OK. The PMBOK Guide Chapter 11 is essential, and the PMI Practice Standard for Project Risk Management as well. You should also be familiar with ISO 31000. There are many good textbooks available, and my 2009 book "Managing risk in projects" covers the main points. Apart from studying and reading books, it is really important for you to have genuinely relevant experience of managing risk in projects, as the exam will test your practical knowledge of how to do it.I hope this is helpful, and I wish you success in the exam.
@phungphungthikim5074
@phungphungthikim5074 10 жыл бұрын
I am preparing a project management assignment, can anyone can help me? some details, ecourage ,..ect
@Risk-Doctor
@Risk-Doctor 10 жыл бұрын
Hi Phung Phung, perhaps we can help you. Please send us an email with details of your assignment, to contact@risk-doctor.com.
@phungphungthikim5074
@phungphungthikim5074 10 жыл бұрын
RiskDoctorVideo thanks so much for your help.Now I will send you my assignment by email.
@sharpneri
@sharpneri 5 жыл бұрын
This cameraman should go to jail, for not focusing on slides
@Risk-Doctor
@Risk-Doctor 5 жыл бұрын
Hi Muhammad - I agree, it was very disappointing that the camera angle didn't include the slides. I can send you a copy of the slides if you'd like to see them, just email me at davidrisk-doctor.com.
@pbrpb4735
@pbrpb4735 8 жыл бұрын
I've always wondered how could overall project risk be different from sum total of individual project risks. Now this presentation clarifies on that. But I do not agree with him that PMBOK never speaks about managing risks actively. It speaks about identifying root causes of risks, defining risk triggers and automatically putting into action the risk response the moment a risk trigger happens. It is not a 'process', its only a contingency risk response. Likewise he is wrong when he says that PMBOK does not bring risk process to an end and it goes on and on in circles. Thats not true. Every risk is either retired or upgraded depending on a dynamic risk reassessment process. Thats a control process. And every risk response plan is closed through a risk audit that compares how risk response plan was implemented with what was actually planned and the reasons for variance. These are 'lessons learnt' he is looking for. Otherwise Risk Doctor looks like a hypochondriac himself -- convinced about symptoms which are not there. Risk Doctor, take a closer look at PMBOK. I liked the way he categorized risk. Thats completely original and great. I enjoyed this video, overall.
@Risk-Doctor
@Risk-Doctor 8 жыл бұрын
+ramesh pb . Hi Ramesh, thanks for taking time to provide your detailed feedback. I'm glad you liked this video overall. But I think you may have misunderstood my point about the circular risk process as portrayed in the PMBOK Guide Chapter 11. I'm not saying that individual risks are never closed, but that the risk process itself is presented as continuous with no obvious end-point. I might mention that I've been part of the team updating the PMBOK Guide risk chapter since the year 2000, so I am very familiar with its contents and intention!
@mysticjoe295
@mysticjoe295 5 жыл бұрын
Great content and speaker. Exceptionally *poor* videography. Unable to see or read slides, camera follows a fastly moving presenter resulting in jarring, distracting camera movement, and cameraman does not use (or know how to use) the zoom or even tilt the camera up so we can see the board. I missed *a lot* of important info because of this. Also, the placement of the PM Channel logo is bad as it covers important content. Very disappointing.
@Risk-Doctor
@Risk-Doctor 5 жыл бұрын
Thanks Joe, and you're absolutely right, the recording is very disappointing. I uploaded it because it was the first time I'd presented this important material, and I do offer the slides (see description text under the video). Also over 88,000 people have watched it since 2013, with 660 likes and only 24 dislikes. But perhaps I should delete it from the RiskDoctorVideo channel (or maybe just hide it from public view), as it doesn't offer a good viewing experience. Thanks again for your feedback. David
@Risk-Doctor
@Risk-Doctor 5 жыл бұрын
OK this video is now "Unlisted", but you can see the same material with better camera work here: kzfaq.info/get/bejne/iamSa9NltLDFaX0.html. There were two cameras and they cut sensibly between the screen and the speaker. Thanks again Joe.
@AssylbekZ
@AssylbekZ 8 жыл бұрын
too obvious things. Not interesting at all
@Risk-Doctor
@Risk-Doctor 8 жыл бұрын
+Assylbek Zhumadyrov. I'm sorry that this presentation didn't provide anything new for you Assylbek. I guess you are more advanced in your understanding and practice of risk management than most. In my experience, people, project teams and organisations and frequently operating with a flowed concept of risk, using an inadequate risk process, and not taking human psychology into account. I hope you find opportunity to share your more mature approach with others.
@AssylbekZ
@AssylbekZ 8 жыл бұрын
i am sorry for being too hursh. I am certified PM and maybe this video is not for me :-) But still you are good presenter
@DavidHillsonRD
@DavidHillsonRD 8 жыл бұрын
+Assylbek Zhumadyrov. No problem :-) Perhaps one or two of the other videos might suit you better?!
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