Risk Management ONLY (Questions)

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[@muh-neek9856]

Hi- for Q1: why isn’t the answer avoid? Thanks!

[@Praizion]

Good question! Because you are not truly AVOIDING collision, you are reducing the probability of it happening. The question even puts that in there as a clue. To avoid, just do not even overtake or even drive at all!

[@tokoloks]

@17:26 i chose d...... cause u plan responses....not identify them💆🏿‍♂💆🏿‍♂

[@Praizion]

The key word is PRELIMINARY = I.R Well done in closing gaps!

[@dev9591]

This helped could you please make more such vidoes

[@Praizion]

Thank you 😊

[@daniellemessa4821]

Thanks a lot for the video dear Phill. However, the particular question where the project vendor forms a spin-off company called ChocsRUS seems a bit unconvincing to be a sharing scenario. The opportunity is only for the vendor company and not for that of the client. So there is nothing to share as such. But from the perspective of the vendor, they see this as an opportunity and are working to make it happen by creating the spin-off company to handle the additional scope. Looks more like enhance or exploit than share. Comparing this to the one on slide #13 where the project vendor show only interest to increasing their chance of winning, this one at least creates a company. This makes it more of exploit than enhance.

[@Praizion]

Good observations. PMI is rather specific about the share strategy on Page 444: Examples of sharing actions include forming "special-purpose companies", or joint ventures. So that is sharing in PMI world.

[@tokoloks]

@20:52 monitor is where it happens but u are identifying new risk.... it ask what it describe not where it happens.... thought i was ready but guess not

[@Praizion]

Well done in closing the gaps. Every lesson gets you closer!

[@JSG-DB]

Nice stimulating question..I got 16 right out of 21. These videos are helpful..Thank you🙂

[@Praizion]

Well done!

[@parthlakkad769]

Good job

[@Praizion]

Thanks Parth!