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Thanks for deciding to buy this book Shrinivas - I hope you find it useful. There is free worldwide shipping as well, including to India. This book focuses on project risk management. To discover more about managing risk in projects, I recommend my 2020 book "Practical Project Risk Management" (www.bkconnection.com/books/title/Practical-Project-Risk-Management-Third-Edition), which describes a detailed scaleable methodology that can be applied to any project. If you want a broad understanding of many different types of risk, i suggest "The Risk Management Handbook" (www.koganpage.com/product/the-risk-management-handbook-9781398610613). i hope this helps.

Thank you Asim, I appreciate that!

Thank you Fouad, I appreciate your encouragement and support.

Thank you Alexei, I'm glad these videos are helpful for you. From your name, I wonder if you might speak Russian? The Risk Doctor Briefing series is available on our website in Russian (and six other languages) here: risk-doctor.com/briefings/ You might like to take a look.

Yes, I'm Russian, but I've been learning English for several years. It's very important to me because of having communication with foreigners

I applaud your commitment to communicating widely. I just thought you might like to read some short risk articles in your mother language!

Hi Cahyo, thanks for your question. I don't think you need to differentiate between these two. We undertake an activity in order to achieve something (the objective). So any uncertainty that affects our ability to perform or complete the activity will also affect whether the objective is achieved. In fact, in the end they are the same thing. I hope this makes sense. Also I see that you talk about "potential problems that might arise in the future". It is important to remember that the concept of risk also includes upside as well as downside. Not all risks are threats (potential problems). Some risks are opportunities (potential benefits). The risk process must manage both - minimise threats and maximise opportunities in order to optimise achievement of objectives.

That's absolutely right Shekhar! It only matters if it can affect one or more objectives. If it can't affect any of our objectives, then it's an irrelevant uncertainty that doesn't matter!

Hi Elenah. Is this video being used for a course assignment? I'm interested to know more details - what is the assignment about? David (The Risk Doctor)

@Risk-Doctor well, the assignment was to watch the video and familiarize ourselves with the topic before the teacher taught the topic in class.

Thanks Elenah. I hope this very short video was useful to you and your classmates, and that you succeed in managing your risks effectively. I wish you well in your studies.

@Risk-Doctor Yes, it was short and to the point. Thank you!

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

Hi Melissa, I'm really glad this was helpful. I didn't think about using these six questions to overcome writer's block, but it makes sense: “What am I trying to achieve?” Write 500 good words by the end of the day. “What could affect me?” Distracted by phone calls. Get hungry. Waste time watching CZcams videos. “Which of these are most important?” CZcams! “What will I do about it?” Disconnect computer from internet so I can’t use CZcams. (Also set phone to silent, and stop for mid-morning coffee & snack.) “Did it work?” Yes! I’ve written 732 words by lunchtime - but they’re not very good. “What’s changed?” Now I need to edit these 732 draft words down to around 500 good words by the end of the day. “What could affect me?”… I'll try this next time I'm working on a writing project. Thanks!!

Thanks for this comment Robert. I agree entirely. This short video is an interview, and the format doesn't include figures or slides, so it wasn't possible for me to show a risk efficiency graph. But in other presentations and some of my books I refer to risk efficiency and explain the importance of the risk efficient frontier, especially when building and managing programmes and portfolios. I've also always emphasised to clients that the goal of risk management is to enable you to take more risk, and to take the right risks safely. Understanding and quantifying the risk/return balance is vital in supporting this approach. Thanks again for raising this important point.

@@Risk-Doctor u like your sentence "the goal is to enable you to take more risk" . very good !

Yes, you're right - but people find it so hard to admit failure, don't we?!

You're welcome Alhadi.

Thanks for this helpful summary Robert.

Hi Wisi, I'm glad you enjoyed this video. It is most common for risks arising from employee management to be categorised under the "Management" heading in the Risk Breakdown Structure (RBS). But the RBS should be constructed to represent the sources of risk that might arise for a specific business or organisation - so it is possible for you to put employee risks somewhere else. For example, if all your staff are actually self-employed as independent contractors, you might categorise employee risks under "Commercial". The point is to group risks in a way that makes sense for your business, to help you understand where risks are coming from and whether there are any concentrations that require focused attention. I hope this helps.

Thanks Justin, I'm glad you like this one.

Yes I agree. Many years ago I learned an important phrase: "Slow down to speed up." It sounds strange, but the idea is that if we move too fast we end up making avoidable mistakes which we have to spend time fixing later. But if we slow down and take care, then overall we spend less time. But... Sometimes there are time constraints which must be met, which might make it hard to slow down. This is one reason why risk management is important - to stop us making avoidable mistakes by identifying and treating threats, and also to help us to work faster by finding and capturing opportunities.

Yes, I know! I'm so sorry about this. But there's a backup/contingency plan - use the subtitles or the transcript function!

You're very welcome Rajendra.

Thanks for this positive and encouraging feedback Hamenya. I'm really pleased that you are inspired to develop your skills in managing risk wherever you encounter it, and I'm glad that these videos are helpful to you. I wish you success.

Thanks Hamenya. My motto is "Understand deeply so you can explain simply". Actually risk management isn't really hard, it's about asking and answering questions, being curious and persistent, and motivated to find out what's possible.

What an interesting question, thank you! I watched the video again and I still believe the same, but we've definitely moved on. This video was recorded in September 2018, and I say that I expect things to change in the near future, maybe in 2 years or 5 years or 10 years. We are now 6 years later, and things have definitely developed! I see some of the elements of intelligence emerging in the latest iterations of AI, and there are some attempts at regulation and building in safeguards, but with little consensus. Development of AI presents both threats and opportunities, and we need to be aware and prepared. In March 2023, the UN produced a report on "existential risk" which focuses on artificial intelligence and biotechnology as major drivers of accelerating change, so perhaps this will focus minds. This is a fascinating and important area - thanks for raising it. What do you think?

Thank you Maryam, I'm really encouraged that these videos are useful to you, and I wish you success in managing your risks.

Hi Meshach, I'm glad some of my work has been useful for you, and I wish you success in your Masters degree.

Thank you Mohammad, I'm glad it was helpful!

Thanks for these positive and encouraging comments, I'm glad to be able to help.

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

Thanks, I'm glad you liked it!

You're very welcome Lerato.

Thanks very much. The Risk Doctor Partnership is an SME, so we have direct experience of making risk management work in this type of organisation.

You're welcome Lashi, I'm glad to hear that you found this presentation useful.

Thanks Goran, I appreciate your positive and encouraging feedback.

Thanks Kato, I appreciate your encouragement.

You're very welcome Kato.

Thanks Kannan. I'm glad you found this video interesting. Getting the right owner for a risk is really important to make sure it gets managed effectively. The person who owns the objective that would be affected if the risk occurred is the person who should also own the risk.

Thanks Kato, I appreciate your positive feedback.