If you’re starting out, you may be wondering: what are the most important Project Management concepts that you need to understand?

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In this video, I answer the questions what is Residual Risk and what is a Secondary Risk? And also the term Inherent Risk, too.

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A project risk is simply ‘uncertainty that can affect outcome’. We rarely think of the differences in the kinds of uncertainties.

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The Black Swan is a book about risk, by polymath, Nassim Nicolas Taleb. It has an essential lesson about risk management.

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Project Managers know that projects are risky. Project risk management is therefore a vital discipline. Indeed, a focus on project risk is a sign of real project management maturity. So, it’s crucial. What is Project Risk Management? Dr Mike Clayton is founder of OnlinePMCourses.com. Here, he answers this question, in under 5 minutes.

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