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Okay, let's have a look at
risk management in practice
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And what I want to do
is to start with some basic concepts
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then focus on two difficult areas
in the risk process
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So, I guess if I asked you
to define the word 'risk'
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you would have some ideas
of what it meant
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We might not have a formal definition
that we could quote,
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but we all have something in our minds
when we hear the word 'risk'
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This is what we think, and maybe you think of things like this
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And maybe you feel like this little guy
facing some big ugly challenge
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that you know is just going to
squash you flat
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Maybe you feel like this guy
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This is a real job in North Korea,
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and his job is to hold the target
for other people to shoot at
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Sometimes project managers
have the target here
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We feel like everybody is shooting at us
in our job
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Or maybe you just know there's something
nasty out there waiting to get you
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And maybe that's what you think of
when you think of the word 'risk'