Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Project risk management
1. A dictionary definition of risk is
“the possibility of loss or injury”
Risk involves understanding
potential problems that might
occur in the project and how they
might impede project success
4. What is the difference between a
'hazard' and a 'risk'?
A hazard is something that can cause
harm, e.g. electricity, chemicals,
working up a ladder, noise, a
keyboard, a bully at work, stress, etc.
A risk is the chance, high or low, that
any hazard will actually cause
somebody harm.
5. Fire in the classroom
Probability Impact Contingency
Low High Fire Extinguisher
Fire Insurance
Emergency Exit Plan
Fire Drill
Low
Medium
High