Before You Start: How to Carry out a Risk Potential Review

Most projects don’t fail because of one big risk… they fail because no one properly assessed the overall level of risk at the start. That’s where a Risk Potential Review (or Risk Potential Assessment) comes in. In this video, I’ll walk you through exactly how to carry one out — step by step — from understanding your project context, through identifying key stakeholders and major risk factors, to evaluating risks and calculating an overall risk potential score. We’ll also look at how to use your findings to inform governance decisions and set your project up for success from day one. If you want better decisions, stronger oversight, and fewer nasty surprises… this is a tool you need in your toolkit. 🎓 Learn Project Management with Mike: The Project Manager's Skills Mastery Program - https://school.onlinepmcourses.com/p/... Join this channel to get access to perks:    / @onlinepmcourses   🎒 A while back, I asked Project Managers in a couple of forums what material things you need to have, to do your job as a Project Manager. They responded magnificently. I compiled their answers into a Kit list. https://kit.co/MikeClayton/what-a-pro... Note that the links are affiliated. 🎬 For more great Project Management videos, please subscribe to this channel:    / @onlinepmcourses   🎁 For all our great Project Management articles and resources, please check out the OnlinePMCourses website: https://onlinepmcourses.com/ 🏛 For basic Management Courses - free training hosted on YouTube, with 2 new management lessons a week, check out our sister channel, Management Courses:    / managementcourses   🎓 For more of our Project Management videos in themed collections, join our Free Academy of Project Management: https://onlinepmcourses.com/free-acad... ⏱ Chapter Markers... 00:00 - Risk Potential Review (RPR) or Risk Potential Assessment (RPA) 00:25 - What a Risk Potential Review is and is not 01:21 - Stage 1: Understand project context 02:23 - Stage 2: Gather information and identify key stakeholders 03:17 - Stage 3: Identify major risk factors 04:10 - Stage 4: Evaluate substantive project risks 05:06 - Stage 5: Calculate a Risk Potential score 06:23 - Step 6: Document, communicate, and use RPR for decision-making 07:53 - Stage 7: Determine governance implications 09:09 - Summing up Risk Potential Review #RiskManagement #ProjectManagement #RiskPotentialReview