1. WHY?
   1. Did everything go according to plan?
   2. to help prevent failure
   3. to measure risks impact
   4. to determine how the potential risk could be mitigated
   5. do not miss the deadline
   6. keep calm
   7. to be proactive
      1. identify potential risks and how to solve them
      2. set up project with better chances for success
2. WHAT?
   1. Risks is a potential event which can occur and can impact your project
   2. An issue is a known or real problem that can affect the ability to complete a task
   3. Risk management is the process of identifying and evaluating potential risks and issues that could impact a project
3. Phases of risk management
   1. Identify
      1. identify and define potential risks with your team
         1. consider the good things that could happen: opportunities
            1. a potential positive outcome of a risk
            2. faster
            3. more cheaply
            4. less effort
            5. Risk vs Opportunity
            6. “Risk” is an umbrella term, with two varieties
            7. “Opportunity” which is a risk with positive effects
            8. Threat,” which is a risk with negative effects
            9. “Uncertainty” is the overarching term, with two varieties:
            10. “Risk” referring exclusively to a threat, i.e., an uncertainty with negative effects
            11. “Opportunity,” which is an uncertainty with positive effects
   2. Analyze
      1. determine potential impact
   3. Evaluate
      1. prioritize
   4. Treat
      1. make a plan for how to treat and manage each risk
         1. you can ignore minor risks and create mitigation plan for serious risk
   5. Monitor and control
      1. monitor, track, and mitigate risks if the need arises
4. How to identify risks
   1. brainstorming
      1. WHO
         1. individuals from various roles, backgrounds, and experiences
            1. RACI chart
      2. WHY
         1. fresh ideas
         2. previous experience
      3. HOW
         1. use cause-and-effect diagram (fishbone diagram)
   2. Use Tools!
      1. cause-and-effect (fishbone) diagram
         1. a visual way to look at cause and effect
            1. to brainstorm potential causes of a problem or risk and sort them into useful categories
            2. these categories show the areas that you should focus on to mitigate that risk
         2. to identify these possible causes
            1. Materials
            2. Technology
            3. People
            4. Environment
            5. Transportation
         3. How to use
            1. Define the problem
            2. Identify the categories
            3. Brainstorm the causes
            4. Analyze the causes
   3. risk assessment
      1. risk is to occur and its potential impact on a project
      2. create a probability and impact matrix
         1. to prioritize project risks
         2. think about the level of impact
            1. high, medium, and low
         3. Inherent risk is the measure of a risk calculated by its probability and impact
5. How to fight: Strategies
   1. avoid
      1. seeking to eliminate uncertainty
   2. transfer
      1. passing ownership and/or liability to a third party
   3. mitigate
      1. reducing the probability and/or severity of the risk below a threshold of acceptability
   4. accept
      1. recognizing residual risks and devising responses to control and monitor them
6. it helps you!
   1. Know the types of dependencies
      1. Dependencies
         1. relationship between two project tasks in which the completion or the initiation of one is reliant on the completion or initiation of the other
      2. types
         1. Finish to Start (FS)
            1. Task A must be completed before Task B can start
         2. Finish to Finish (FF)
            1. Task A must finish before Task B can finish
         3. Start to Start (SS)
            1. Tasks A and B start at the same time and run in parallel
         4. Start to Finish (SF)
            1. Task A must begin before Task B can be completed
         5. use dependency graph to visualize dependencies
7. Use Risk Management Plan
   1. About ROAM for Risk Management (SAFe) using 5W2H
   2. Some Product Prioritization Techniques (https://foldingburritos.com)