Risk Log Update in the Control Phase

00:02 An inherent quality of risks is that you can't control them.

00:06 Otherwise, they wouldn't really be risks.

00:08 They would be events that you prevented from happening.

00:11 So when it comes to controlling risks, it's more about controlling their evolution and ensuring that you as project manager are always prepared.

00:20 The first thing you can do is keep the risk log updated as the activities are completed. The risks surrounding them are no longer an issue and can be closed . An hour log. When construction is finished, we can do this with risks one and two. In addition, the severity and probability of a risk can change as the project develops, and this must be regularly updated.

00:43 If a risk is starting to look like it may become reality, then you have to start preparing for your contingency plan.

00:53 And one last important thing about risks is that you need to keep an eye out for any new ones that may arise and record them as you have done with the others.

01:01 As project manager, you need to be one step ahead of risks.

01:05 Expect the best, prepare for the worst, and no risks will sneak up on you and take you by surprise. Next lesson, we'll talk about how to control changes. Rarely a project is executed without some deviation to the plan. So let's see how a project manager could deal with that.