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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 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
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
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
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.
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
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: 21865 Project Management
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: 41244 360 Performance Circle
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: 51611 Excel Dashboard School
Risk Management - Cost-Benifit Analysis of Risk Treatments
 
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In this session I want to talk about the cost-benefit analysis for risk treatments. When we have a risk and it is determined that it exceeds our risk appetite and therefore we need to do something about it, we then need to look at treatments
Views: 1310 Paladin Risk
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
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: 58405 Andy Brazier
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: 174589 Simon Bennett
Risk Analysis and Management
 
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Summary Defining assets in a risk analysis, identifying threats and the likelihood of the threats occurring, identifying the consequences of a threat occurring, and vulnerabilities that increase risk. Also covers common safeguards to reduce the impact of threats, securing equipment/data, and incident response (should be included in security policy). Reference Materials Guide to Network Defense and Countermeasures - Chapter 2 Additional Information NIST Guide on Risk Management: http://csrc.nist.gov/publications/nistpubs/800-30/sp800-30.pdf
QMS | Risk | Risk management | Risk Based thinking | Risk based approach | Risk Analysis | Tutorial
 
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A handy training for all professionals in the organization involved in risk management of ISO 9001 QMS. Key changes in the 2015 revision of ISO 9001 is to establish a systematic approach to risk, rather than treating it as a single component of a quality management system. In previous editions of ISO 9001, a clause on preventive action was separated from the whole. Contact for detailed discussions and road mapping of QMS implementation to strengthen the organization longevity & ISO 9001 Certification. Email - [email protected], Web- www.isocertificationtrainingcourse.org Telephone +91-9958869479. ISO Certification Training Institute imparts end to end ISO trainings on Various ISO Standards from awareness & foundation training course, Implementation training, Internal Auditor training, Lead Auditor training, and integrated management System training to Gap assessments, such that organization learns & develops it own knowledge base which has infinite potential. ISO Certification training institute has the well honed knowledge base to demonstrate how each ISO Standard can be converted into Engine of Growth for your Organization. With rich experience of more than two & half decades of mentoring across all business sectors to harness the power of ISO standards to improve profits, reduce cost of operations, reduce customer and employee attrition, enhance customer & employee satisfaction, reduce losses, rejections, rework, and strengthen life cycle performance of products & services. You can definitely benchmark our customized training programs in terms of content, delivery, engagement, and electrifying energy levels of faculty and participants from start to end. Our competent faculty has capability to explain complex & abstract issues in Plain English, because we believe that "if you can't explain it simply, you do not understand it well enough". We provided value added training you at your convenient venue, at your convenient time, at your convenient dates , and at a competitive fee. We also conduct management system Gap assessments, 2nd party audits of your suppliers, and internal audits of your organization.
Views: 10875 ISO Training Institute
Quantitative and Qualitative Risk Assessment - CompTIA Security+ SY0-401: 2.1
 
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Security+ Training Course Index: http://professormesser.link/sy0401 Professor Messer’s Course Notes: http://professormesser.link/sy0401cn Frequently Asked Questions: http://professormesser.link/faq - - - - - Risk factors can take many forms. In this video, you’ll learn how to asses both quantitative and qualitative risk factors in your environment. - - - - - Download entire video course: http://professormesser.link/401adyt Get the course on MP3 audio: http://professormesser.link/401vdyt Subscribe to get the latest videos: http://professormesser.link/yt Calendar of live events: http://www.professormesser.com/calendar/ FOLLOW PROFESSOR MESSER: Professor Messer official website: http://www.professormesser.com/ Twitter: http://www.professormesser.com/twitter Facebook: http://www.professormesser.com/facebook Instagram: http://www.professormesser.com/instagram Google +: http://www.professormesser.com/googleplus
Views: 62628 Professor Messer
Evaluating Risks Using Qualitative Risk Analysis
 
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Learn more about evaluating project risks at http://www.pmsouth.com/?p=232 Please subscribe to the channel and leave a comment below! Project Risk Coach: http://www.projectriskcoach.com Courses: http://www.projectriskcoach.com/courses LinkedIn: https://www.linkedin.com/in/harrythomashall Facebook: https://www.facebook.com/pmsouth77/ Twitter: https://twitter.com/harrythall
Views: 3291 Harry Hall
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. If you're somebody who needs guidance on how to implement risk-based thinking in your organization, our walkthrough guide: https://bit.ly/2Vkaqf6 will give you the support you need. Click here to download: https://bit.ly/2Vkaqf6 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: 16393 @BestPracticeTV
Lesson 6 video 1: Risk, Uncertainty and Sensitivity Analysis
 
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In this and next videos I will explain how to incorporate risk and uncertainty in the economic evaluation of projects for the purpose of investment. I will explain how you can apply the sensitivity analysis techniques to evaluate the projects in this case. There are several quantitative methods for incorporating risk and uncertainty. I will explain two of these methods: 1) Sensitivity analysis or probabilistic sensitivity analysis 2)Expected value or expected net present value
Views: 8546 F. Tayari
‘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: 7128 Quality HUB India
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: 387140 GreenFacts.org
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. Feel free to provide a comment or share it with a friend! #exceltips #exceltipsandtricks #exceltutorial #doughexcel
Views: 211717 Doug H
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: 29917 Intaver Institute Inc.
PMP Sample Questions - Project Risk Management (Q 1 -20)
 
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PMP Sample Questions - Project Risk Management (Q 1 -20) Here are 200 objective type PMP Exam Prep questions and their answers are given just below to them. This exam is just to give you an idea of type of questions which may be asked in PMP Certification Exams. Even we have taken full care to give correct answers for all the questions but it is recommended to verify these answers.
Views: 9341 Study Everywhere
How to Evaluate Risks Using Quantitative Risk Analysis
 
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Learn more about how to evaluate project risks using quantitative risk analysis at http://projectriskcoach.com/evaluating-risks-using-quantitative-risk-analysis/ Start learning more about project management and risk management in my Online Courses: http://projectriskcoach.com/courses Please subscribe to the channel and leave a comment below! Project Risk Coach: http://www.projectriskcoach.com Courses: http://www.projectriskcoach.com/courses LinkedIn: https://www.linkedin.com/in/harrythomashall Facebook: https://www.facebook.com/projectriskcoach Twitter: https://twitter.com/harrythall
Views: 6711 Harry Hall
What is SCENARIO ANALYSIS? What does SCENARIO ANALYSIS mean? SCENARIO ANALYSIS meaning
 
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✪✪✪✪✪ WORK FROM HOME! Looking for WORKERS for simple Internet data entry JOBS. $15-20 per hour. SIGN UP here - http://jobs.theaudiopedia.com ✪✪✪✪✪ ✪✪✪✪✪ The Audiopedia Android application, INSTALL NOW - https://play.google.com/store/apps/details?id=com.wTheAudiopedia_8069473 ✪✪✪✪✪ What is SCENARIO ANALYSIS? What does SCENARIO ANALYSIS mean? SCENARIO ANALYSIS meaning - SCENARIO ANALYSIS definition - SCENARIO ANALYSIS 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 Scenario analysis is a process of analyzing possible future events by considering alternative possible outcomes (sometimes called "alternative worlds"). Thus, scenario analysis, which is one of the main forms of projection, does not try to show one exact picture of the future. Instead, it presents several alternative future developments. Consequently, a scope of possible future outcomes is observable. Not only are the outcomes observable, also the development paths leading to the outcomes. In contrast to prognoses, the scenario analysis is not based on extrapolation of the past or the extension of past trends. It does not rely on historical data and does not expect past observations to remain valid in the future. Instead, it tries to consider possible developments and turning points, which may only be connected to the past. In short, several scenarios are fleshed out in a scenario analysis to show possible future outcomes. Each scenario normally combines optimistic, pessimistic, and more and less probable developments. However, all aspects of scenarios should be plausible. Although highly discussed, experience has shown that around three scenarios are most appropriate for further discussion and selection. More scenarios risks making the analysis overly complicated. Scenario-building is designed to allow improved decision-making by allowing consideration of outcomes and their implications. Scenario analysis can also be used to illuminate "wild cards." For example, analysis of the possibility of the earth being struck by a meteor suggests that whilst the probability is low, the damage inflicted is so high that the event is much more important (threatening) than the low probability (in any one year) alone would suggest. However, this possibility is usually disregarded by organizations using scenario analysis to develop a strategic plan since it has such overarching repercussions. In economics and finance, a financial institution might use scenario analysis to forecast several possible scenarios for the economy (e.g. rapid growth, moderate growth, slow growth) and for financial market returns (for bonds, stocks and cash) in each of those scenarios. It might consider sub-sets of each of the possibilities. It might further seek to determine correlations and assign probabilities to the scenarios (and sub-sets if any). Then it will be in a position to consider how to distribute assets between asset types (i.e. asset allocation); the institution can also calculate the scenario-weighted expected return (which figure will indicate the overall attractiveness of the financial environment). It may also perform stress testing, using adverse scenarios. Depending on the complexity of the problem, scenario analysis can be a demanding exercise. It can be difficult to foresee what the future holds (e.g. the actual future outcome may be entirely unexpected), i.e. to foresee what the scenarios are, and to assign probabilities to them; and this is true of the general forecasts never mind the implied financial market returns. The outcomes can be modeled mathematically/statistically e.g. taking account of possible variability within single scenarios as well as possible relationships between scenarios. In general, one should take care when assigning probabilities to different scenarios as this could invite a tendency to consider only the scenario with the highest probability. In politics or geopolitics, scenario analysis involves reflecting on the possible alternative paths of a social or political environment and possibly diplomatic and war risks. While there is utility in weighting hypotheses and branching potential outcomes from them, reliance on scenario analysis without reporting some parameters of measurement accuracy (standard errors, confidence intervals of estimates, metadata, standardization and coding, weighting for non-response, error in reportage, sample design, case counts, etc.) is a poor second to traditional prediction. Especially in “complex” problems, factors and assumptions do not correlate in lockstep fashion. Once a specific sensitivity is undefined, it may call the entire study into question.....
Views: 9905 The Audiopedia
Risk Assessment (CISSP Free by Skillset.com)
 
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This Risk Management Concepts, Risk Analysis and Assessment training video is part of the CISSP FREE training course from Skillset.com (https://www.skillset.com/certifications/cissp). Skillset helps you pass your certification exam. Faster. Guaranteed. https://www.skillset.com Topic: Authentication & Identity Skill: Risk Management Concepts Skillset: Security and Risk Management Certification: CISSP Join the 40,000+ candidates in over 58 countries that have found a faster, better way to pass their certification exam. + Unlimited access to thousands of practice questions + Exam readiness score + Smart reinforcement + Focused training ensures 100% exam readiness + Personalized learning plan + Align exam engine to your current baseline knowledge + Eliminate wasted study time + Exam pass guarantee And much more - https://www.skillset.com
Views: 9993 Skillset
How to do Security Risk Analysis
 
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How to do Security Risk Analysis Demystify, Understand and Implement.
Views: 4412 Aegify
Qualitative vs quantitative risk analysis
 
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Confused about ualitative and quantitative risk analysis? Watch the video, find out the difference! www.pmwars.com
Views: 12422 PMwars
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: 187380 Eli the Computer Guy
Project Management Concept #2: Qualitative Risk Analysis vs Quantitative Risk Analysis
 
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Passionate Project Management, www.PassionatePM.com, is pleased to sponsor this Passionate Project Management YouTube channel. Passionate Project Management specializes in project management learning, development, and consulting. Passionate Project Management offers open enrollment and private on-site courses delivered by the leading instructors in the industry. Passionate Project Management provides PMP Exam Prep, CAPM Exam Prep, PMI-RMP (Risk Management) Exam Prep, and PMI-ACP (Agile) Exam prep. This Video is a component of our Learning Concepts Series: 2. Qualitative versus Quantitative Risk Analysis narrated by Belinda Fremouw. Belinda was the first woman in the world to achieve the original five PMI Credentials. Her experience spans multiple decades, crosses several industries, and includes domestic and international project experience. Belinda is a well-known public speaker and author. Check out our website at www.PassionatePM.com for all of our course offerings and exam prep study materials. www.PassionatePM.com #PassionatePM #BelindaFremouw #BelindaPMP
Views: 23372 PM Learning Solutions
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: 51160 The Immortal
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: 11513 RiskDoctorVideo
Qualitative and Quantitative Risk Analysis
 
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Project Management Assignment 1
Views: 2632 syahirah shaari
Job Hazard Analysis Using the Risk Matrix
 
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http://www.myjobhazardanalysis.com A discussion on the use of the Risk Assessment Matrix as found in ANSI Z10-2005.
Views: 110132 Nathan Crutchfield
Risk Assessment Basics
 
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Worked example on how to write a risk assessment.
Views: 96870 Fox Robinson
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!"
Challenger - A Case Study in Risk Management
 
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No copyrights infringement, all rights and footage belonged to the History Channel. Video is strictly for educational purposes.
Views: 111327 Ed Villa Bal
Understanding ISO 9001:2015: Risk and opportunies
 
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What are risk and opportunities and how are they adressed?
Views: 9802 Peter van Nederpelt
Webinar: Business Continuity Management: Impact Analysis and Risk Assessment
 
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The business impact analysis (BIA) is a core element of a successful business continuity management programme. A BIA assesses and analyses the impact of incidents to enable the effective resumption of activities through appropriate resource allocation within specific timescales. This webinar will cover important considerations for a risk assessment and BIA: • Setting risk assessment criteria. • Conducting the risk assessment. • Risk analysis and evaluation. • Establishing BIA resource and activity dependencies. • Setting BIA criteria. • Determining the maximum tolerable period of disruption. • What can be expected of BIA outputs. • Common challenges and how to overcome them. ---------------------------------------------------------------------------------------------------------------- Website: https://www.itgovernance.co.uk/ Connect with us on social: LinkedIn: https://www.linkedin.com/company/it-governance Twitter: https://twitter.com/ITGovernance Facebook: https://www.facebook.com/ITGovernanceLtd Subscribe to our Podcast for weekly InfoSec updates. Soundcloud: https://soundcloud.com/itgovernance Or keep up to date with our blog: https://www.itgovernance.co.uk/blog
Views: 1585 IT Governance Ltd
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.
Understanding Project Risk Analysis & Management | For ESE Prelim Paper 1
 
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For all past content reading material, please click below link (Only if you have not done in past and wish to have reading material first time): https://goo.gl/forms/F7NIP3KUCmR2i2yF This video contains explanation of topic "Risk Management" from Module 7 of Basics of Project Management, ESE Prelims Paper-I by Dr. Vijayender Project Risk Analysis & Management (PRAM):0.00-0:50 Introduction: 0:51-2:54 In Project Risk Analysis & Management Risk means uncertainties in project, Analysis means Identification & Assessment, Management means Removal & Reduction PRAM: 2:55-3:47 PRAM is a process designed to remove or reduce the risks which threaten the achievement of the project objectives. It is integral part of project management. PRAM steps involved: 3:48-10:57 Risk register: 10:58-12:09 It is a risk management tool essential to fulfill regulatory compliance(ISO/PRINCE2). Question Bank: 15:44-19:00 Risk Management: 19:01-36:21 For more details, videos & test series please visit us at: Website: www.yourpedia.in Email: [email protected] Like us at: https://www.facebook.com/Yourpedia/ Watch some more videos on ESE Prelim Paper 1 at: Engineering Aptitude Covering Logical reasoning: https://bit.ly/2BDvDJM Standards and Quality Practices : https://bit.ly/2ArNgdF Basics of Energy and Environment: https://bit.ly/2TSUdxe Basics of Project Management: https://bit.ly/2KDzlGg Information and Communication Technologies: https://bit.ly/2BCbHXz Ethics and Values in Engineering Profession: https://bit.ly/2Q0Sg3C
Views: 7984 Yourpedia Education
Managing International Risk (PESTEL Analysis)
 
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Did you like this video? Please Share It. This Video is part of International Trade Course, for more info visit: http://www.theeducators.com/portfolio-items/international-trade/ This course is designed to provide the learners, and those operating within International Trade, an opportunity to broaden their understanding of global trade issues, and to gain a clear understanding of the processes and practicalities of International Trade. The course is suitable for all those involved in importing and exporting. It is also appropriate for corporate service providers such as banks, forwarders, accountants and international trade advisers. ---------------------------- This video covers Hollensens five steps of International Expansion: 1. To go international or not? 2. Which markets to enter? 3. Market entry strategies. 4. Designing the global marketing programme. 5. Implementing and coordinating the global marketing... ----------------- Producer: Tony Zohari URL: http://www.digitpro.co.uk/ Speaker: Siamak Taslimi
Views: 7751 DigitPro
What are the Risk Management Process Steps
 
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Learn the steps to effectively creating a risk management plan.
Views: 53899 Phoenix TS
Mod-03 Lec-11 Probabilistic Risk Analysis
 
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Health,Safety and Environmental Management in Petroleum and Offshore Engineering by Dr. Srinivasan Chandrasekaran, Department of Ocean Engineering, IIT Madras. For more details on NPTEL visit http://nptel.iitm.ac.in
Views: 3585 nptelhrd
Student's Guide - Risk Assessment
 
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Student’s Guide author and Electrical Engineer Steven Devine takes us through the risk assessment proceduress. Buy the book from Amazon: https://www.amazon.co.uk/Students-Guide-Wiring-Regulations-Electrical/dp/1785610783/ref=cm_cr_arp_d_product_top?ie=UTF8 We visited Cambridge Regional College to talk to Charlie about some of the things that need to be taken into consideration when carrying out a risk assessment. Most of us don't realize it but we're actually carrying out a risk assessment almost every second of every day, from tasks as simple as crossing the road to some more complicated ones like drilling holes into walls. While you're studying to become an electrician it is absolutely essential that you know how to carry out a risk assessment it's requirements for the qualifications that you'll be doing and when you're working on-site it's absolutely necessary to carry out a documented risk assessment for some of the larger jobs that you'll be involved. So Charlie, you're training to become an electrician, can you tell me do you find carrying out risk assessments improve the safety of your work environment? Some things you don't even realize to be a risk, when you actually sit down and analyze, there are ways around making a site safer. Yes, absolutely even in seemingly safe environments when you sit down and analyze the situation you start to pick out things that may cause a risk in the work that you're going to be carrying out and you can find solutions to make that a little bit safer. Charlie, today you're going to be carrying out work on a light fitting at a high level can you tell me what considerations you have to make for the environment, what risks there might be and who or what will be affected? The work I'm going to be doing today is going to affect staff working in the building and members of the public coming in and out of the building. So, what kind of things could you do to reduce the impact on those people Well, the first thing that do is keeping communication with the appropriate people so staff in the area and people coming in and out Perfect, so you make people aware of what's going on and that you're going to be there. Is there anything else you can do to reduce that further? Well, I could put barriers up and signs up so they've got visual and physical warnings of work being taken place. So you've got quite a lot of methods in there, you've got the communication, you've got the barriers to physically stop people getting into the area where you're working and you've also got warning signs up. Another thing to consider, you're going to be working at a high level you're going to be using step ladders or towers or something so is there something that you would take into consideration with the equipment that you are going to be using to reach the light? Well, before I start work I'd like to check that the equipment is safe and in good condition, also that it has the correct certificates. So you're really setting yourself up for the safest possible scenario you can for carrying out that work. So Charlie, now that you've completed the risk assessment for this particular job that you're going to do is that fine for the duration of the work that you're going to be doing? No because in the working environment anything can change at any time so the duration of the job it needs to be reviewed. Exactly. you know you know what's going to change and you need to make sure that you're aware of the possible risks even in the changing environment. With this particular job what are some of the risks that may be changing throughout the day? Well if I start early in the morning there might not be many people around or in the building but as the day progresses more people start turning up more risk being in place so to prevent any possible injury or inconvenience communication needs to flow between the two parties. So you have to keep communicating with the people who you are working with and keep updating the risk assessment as the day goes on. To view more videos from the Student's Guide series please visit: https://tv.theiet.org/?series=27 For more updates and videos, please subscribe to our channel. http://www.youtube.com/theiet Join the conversation now: @IETtv #IETtv More YouTube Video from The IET: http://www.youtube.com/theiet LET'S CONNECT! https://www.facebook.com/TheInstituti... http://twitter.com/TheIET http://www.theiet.org http://www.iet.tv
Views: 4976 IET
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.
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: 25876 PECB
Bow Tie Analysis
 
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Creating an effective risk management capability that engages with the business must be built on a solid understanding of risk, what it is, and how it behaves. A lack of common understanding and a distorted view of risk is often a key stumbling block in building an effective and robust Risk Management framework. This lunch explores the nature and behaviour of risk using Bow Tie Analysis, a simple but powerful technique in mapping risk.
Views: 50061 The Protecht Group