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The video “Risk Management and Quality” provides another example of risk prioritization called FMEA and the “Risk Management Fails without Multiple Perspectives” discusses a method of risk management called “Triangulation”.
There are many methods of identifying, prioritizing, mitigating, and managing risks.
- Share your personal definition of risk management, as it pertains to project management as a whole.
- Do you view risk management as a department, a process, or a discipline? Why?
- How would value be added or diminished by a successful risk management strategy to an activity?