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Instructions and help about risk management and financial institutions 3rd edition pdf

risk management is one of the core skill sets within the wider profession of project management whether your project is purely predictive or absolutely agile you will need to manage risk I've made plenty of specialist videos on this topic but this one is your basic introduction [Music] first what are risk and risk management risk is defined simply as uncertainty that can affect the outcome risk is therefore something that can happen and the consequences could be either good or bad typically we talk about opportunities for risks which have a positive outcome and threats for risks which have a negative outcome risk management is the process of managing that uncertainty and controlling the impact of the risk on your project within risk management we find three things a set of tools processes and attitudes the basic risk management process has four steps first we identify the risk then we analyze it next we put together a plan for how we'll manage it and finally we take act

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