9 Why is risk management important?

Many projects and businesses "do risk management" because they have to. Maybe the customer or the contract require it, or everyone else is doing it, or it's just one of our processes. These aren't good reasons. Do it because it works!
[NOTE: We have recently discovered an audio problem on the first ten videos in this series, including this one, which causes the sound level to vary. We apologise for this problem and the video production team are trying to fix it. We hope it does not spoil your enjoyment of the video content.]

[@marinevivek]

I am doing IRM level 2 ERM. Nice to meet you

[@Risk-Doctor]

Hi Vivek, I wish you success in your studies. I hope some of these short videos are helpful.

[@jannaghaleiw5504]

Excellent, yet effortless, simple and very clear explanation, thank you so much

[@Risk-Doctor]

Thanks for this positive and encouraging feedback Mustafa. I'm glad it was helpful!

[@KatoMoses-vj5ys]

Intelligent aspect of business success

[@Risk-Doctor]

Thanks Kato, I appreciate your encouragement.

[@vinaysasi9980]

Great Presentation

[@Risk-Doctor]

Thanks Vinay, I'm glad you liked this one.

[@chetanasin9150]

Thanks

[@Risk-Doctor]

No problem

[@juliovizuete3022]

Excellent presentation

[@Risk-Doctor]

Thanks a lot

[@munchkin-xx9827]

Nice series of videos so far but the poor audio engineering is getting frustrating...

[@Risk-Doctor]

Thank you for this helpful feedback. I'll pass it back to the video production team. I don't know if we can improve it at this point, but I'll ask the question. I hope you can still benefit from the content, despite the audio shortfalls from time to time.

[@Risk-Doctor]

Hello again. We've discovered an audio problem on the first ten videos in this series - really sorry about that. It seems to be resolved from #11 onwards. I've asked the video production team at SQU if they can fix it. Thanks for letting me know about it.

[@markcaton9406]

An unforseen risk :)) @@Risk-Doctor

[@HopeChurchNetwork]

@@markcaton9406. Well sadly this is no longer a risk because it's happened, so it's now a problem. I hope it didnt spoil your enjoyment though, or your ability to benefit from the content. You can always add subtitles...!

[@josephsmyth832]

Shouldn’t equity be part of the success plan? Philosophy should be a prerequisite for any job due to the risks associated with game theory. The majority of people don’t embrace philosophy such as prudence and temperance.

[@Risk-Doctor]

Thanks for this Joseph. I think I agree, although I'm not an expert in game theory!