What is Residual Risk? And What is Inherent Risk?

Want me to coach/mentor/advise you in your project management career? This link shows you how: influentialpmo...
Want to join me for group Zoom calls? Join the membership space here: / influentialpmo
#projectmanagement
Want to know what inherent risk and residual risk is? You've found the right video... you're very good at this! ;-)
#riskmanagement

[@user-sf8gz6ju3h]

شكرا على هذه المعلومات المفيدة يا صديقي .

[@InfluentialPMO]

أنا سعيد لأنك استمتعت بالفيديو

[@patrickrea3847]

This is a risk in itself,mumbo jumbo.Proper words.

[@gabby20]

Thanks from Australia. I had no idea what a residule risk was. But I have to know as I'm a student and I have to make up a chart. Was really helpful. Subbed to you,

[@bengarick]

Another thing I like to do with PMs and stakeholders is take their material risk (Red on the PIG) and run a Bow Tie analysis on it. It's a great way to articulate controls and mitigations

[@InfluentialPMO]

That’s cool - I’ve seen bow tie analysis in books but never seen it in practice. I’d love to see your work if you’re happy to do a demonstration? Reach out to me on LinkedIn if you’re interested 👍

[@bengarick]

@@InfluentialPMO I'll drop you a message this week sometime!

[@user-cu5ob2pd3e]

Thank you from UAE, it is really helpful

[@vismayakj3118]

Thank you!

[@temesgenteklemariam9134]

Good lesson and tips!

[@InfluentialPMO]

Thanks! 😃

[@shadow-multimedia8098]

very informative video sir.👍

[@CenfJ]

Great videos, really helping my current scenario. Would love to email some questions if you’re okay with that? Perhaps a teams call before you get too famous on CZcams!

[@InfluentialPMO]

Lol! it’s only a matter of time before Netflix signs me up! 😉
Are you on LinkedIn? Connect and send me the questions on there and I’ll be happy to arrange a call👍

[@InfluentialPMO]

Just set up a public email: [e-mail]

[@patrickrea3847]

Then why don't they say it on board instead mumbo combo words and colours.