Risk in technical programs
On This Lesson 4 topics
This lesson is planned. The outline below lists the topics it will cover. The full lesson has not been published yet.
In this lesson
explain what a risk is and why programs need a managed view of it.
Planned topics
- A risk is an uncertain event that could hurt the program; an issue is a risk that has happened.
- Programs fail from unmanaged risks more often than from known problems.
- Risk management is cheap early and expensive late.
- The aim is better decisions under uncertainty, not eliminating all risk.
Draft outline details
Demonstration
A line: risk (might happen) -> trigger -> issue (has happened) -> response. Example: the FulfillCo warehouse API may not be ready by week 6.
Check your understanding
What is the difference between a risk and an issue?
Show answer
A risk might happen; an issue already has.
Practice
Apply this lesson with the module's lab, exercises and quiz.
Marking a lesson complete is optional and you can undo it any time. Your progress stays in this browser.