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S03E10 Risk analysis the naive approach
Manage episode 444320690 series 2931606
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In this episode of *Take the Leap Management*, we dive deep into the classic method for managing risks in project portfolios: **identifying risks, assessing them, and developing mitigation strategies**. We’ll break down each step, from systematically identifying potential risks to using real examples of how to assess and prioritize them. You’ll learn how tools like SWOT analysis, risk matrices, and historical data can help in the identification process, and how to evaluate risks based on their likelihood and impact. We’ll also cover how to develop effective mitigation strategies, from risk avoidance to transferring risks, and explore how to prioritize risks based on the urgency they pose to your projects. But is this widely used approach really the best? Tune in as we question whether relying on subjective risk estimates is enough—and if there might be more effective ways to manage risk.
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