What Is Project Risk Management | Tips In Project Management

[@franto121]

i loved how you explain this topic !!! one question in the risk log , when you put the mitigation plan is it necessary to put on it the extra cost involve in that mitigation and contingency ? and how that issue impact in the schedule? if we are not able to manage it and become in a issue ? cheers :)

[@PMPexpert]

Thank you, Juan! Yes, great point. If there is cost associated with a mitigation or contingency plan, I would absolutely include it in the risk log. You could also include options (option 1, option 2, etc.) for the mitigation and/or contingency plans, with the associated cost of each, to help drive a decision on how to proceed. Once a decision is made, this should be included in your budget for any funds required. Best of luck!

[@mahaadji5669]

Thanks a lot for this video. Clear and instructive

[@PMPexpert]

Thank you, Maha!

[@Poojakiduniya-vloglife]

Beautifully explained 👍

[@PMPexpert]

Thank you 🙂

[@gurpreetvirk319]

Thank you for bringing the energy and enthusiasm in this lecture. I engaged and completely engrossed in your lecture, which seem to fly by far too quickly. You really are so talented because as you explained about the project risks, this becomes too easy to get. Please keep sharing these informative videos.

[@PMPexpert]

Thanks for watching! Best of luck on your projects. 🙌🏻

[@w.dinidudarshana9996]

Thanks a lot for your kind support , excellent teaching , wish you good luck 💮💮💮

[@PMPexpert]

Thanks for watching! Best of luck with your projects.

[@w.dinidudarshana9996]

@@PMPexpert you are welcome. Thanks

[@ayikor]

Very helpful video. Thanks very many.

[@PMPexpert]

Best of luck to you! Thanks for watching.

[@maesolo]

Wow! thank you for a great lesson. Can you use this template in smartsheet ?

[@PMPexpert]

Thanks, Fabian! This template was created in Excel, however, you can import it into Smartsheet. I recommend setting them up as separate ‘grids’ in the same Workspace in Smartsheet. If you want a copy of the excel, just email [e-mail]. Cheers!

[@victorford6378]

Can you register and track risk management in smartsheets?

[@PMPexpert]

Yes! Here is a video: Manage Risk in Smartsheet via Forms & Grids kzbin.info/www/bejne/ZqureWCrnqmWgK8 Thanks for watching Victor!

[@unclemike4329]

Great video!!

[@PMPexpert]

Thanks!