[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: 0,0:00:44.02,0:00:46.49,Default,,0000,0000,0000,,This is a real job in North Korea,
Dialogue: 0,0:00:47.77,0:00:51.37,Default,,0000,0000,0000,,and his job is to hold the target\Nfor other people to shoot at
Dialogue: 0,0:00:51.50,0:00:53.98,Default,,0000,0000,0000,,Sometimes project managers\Nhave the target here
Dialogue: 0,0:00:54.29,0:00:56.91,Default,,0000,0000,0000,,We feel like everybody is shooting at us\Nin our job
Dialogue: 0,0:00:57.76,0:01:01.99,Default,,0000,0000,0000,,Or maybe you just know there's something\Nnasty out there, waiting to get you
Dialogue: 0,0:01:02.47,0:01:05.70,Default,,0000,0000,0000,,And maybe that's what you think of\Nwhen you think of the word 'risk'
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Well that's partly true\Nbut it's not the whole truth.