[Script Info] Title: [Events] Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text Dialogue: 0,0:00:00.50,0:00:04.43,Default,,0000,0000,0000,,Okay, let's have a look at\Nrisk management in practice Dialogue: 0,0:00:04.46,0:00:08.47,Default,,0000,0000,0000,,And what I want to do\Nis to start with some basic concepts Dialogue: 0,0:00:08.48,0:00:14.02,Default,,0000,0000,0000,,then focus on two difficult areas\Nin the risk process Dialogue: 0,0:00:14.24,0:00:19.16,Default,,0000,0000,0000,,So, I guess if I asked you\Nto define the word 'risk' Dialogue: 0,0:00:19.17,0:00:22.95,Default,,0000,0000,0000,,you would have some ideas\Nof what it meant Dialogue: 0,0:00:22.97,0:00:26.48,Default,,0000,0000,0000,,We might not have a formal definition\Nthat we could quote, Dialogue: 0,0:00:26.48,0:00:30.25,Default,,0000,0000,0000,,but we all have something in our minds\Nwhen we hear the word 'risk' Dialogue: 0,0:00:30.27,0:00:33.97,Default,,0000,0000,0000,,This is what we think,\Nand maybe you think of things like this Dialogue: 0,0:00:34.23,0:00:38.53,Default,,0000,0000,0000,,Maybe you feel like this little guy\Nfacing some big ugly challenge Dialogue: 0,0:00:38.53,0:00:41.79,Default,,0000,0000,0000,,that you know is just going to\Nsquash you flat Dialogue: 0,0:00:42.07,0:00:43.77,Default,,0000,0000,0000,,Maybe you feel like this guy Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,This is a real job in North Korea, Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and his job is to hold the target\Nfor other people to shoot at Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Sometimes project managers\Nhave the target here Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We feel like everybody is shooting at us\Nin our job Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Or maybe you just know there's something\Nnasty out there waiting to get you Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And maybe that's what you think of\Nwhen you think of the word 'risk'