Project Management

Art of Managing Risk in the VUCA World

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61m 15s
Duration
1.00
PDUs
5,600
Views

Overview

Risk is an uncertain event or condition that, if it occurs, has a positive or negative effect in outcomes of the organization. Positive risks are opportunities, while negative risks are threats. In the post pandemic era we have entered into a world of VUCA (Volatility, Uncertainty, Complexity, and Ambiguity). VUCA demands that you must develop your competencies to identify and understand risks and learn how to develop mastery in managing those. You must have great deal of comfort in managing risk situations with ease in your organization and thus Art of Managing Risk in the VUCA world is of paramount importance. 

Risk management allows organizations and teams to increase the predictability of outcomes, both qualitatively and quantitatively. Excellence in risk management is not achieved by the strict and exhaustive application of related processes. Rather, excellence is often achieved by balancing the benefits to be obtained with the associated cost and tailoring the risk management processes to the characteristics of the organization and its portfolios, programs, and projects.

Learning Outcomes:

  1. Understanding the significance of VUCA World emerging in post pandemic era
  2. The plight that the VUCA world has inflicted on the risk levels of organizations
  3. Understanding the process and technology of risk identification, risk assessment and developing robust risk response plan
  4. The power of Qualitative and Quantitative Risk Analysis tools
  5. Comprehending application of Research Methodologies carried out by us to ascertain the benefits accrued to organizations in following well-crafted Risk Management Strategies,
  6. Evolving a framework for Managing Risk in the VUCA World.

 

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This video qualifies for the following PDUs:
 
PMP/PgMP
CAPM
PMI-ACP
PMI-SP
PMI-RMP
PfMP
PMI-PBA
DASM
DASSM
DAC
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Acknowledgements: Kimberly Whitby

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