Watch a YouTube video by Mike Clayton explaining ‘What is project risk management?’ in under five minutes.
Some uncertainties are very difficult to grasp and understand upfront in the project. They are often labelled the unknown unknowns. Watch this video where Donald Rumsfeld talks about the unknown unknowns.
When collaborations are governed by contracts it is very important to understand the indexicality of contractual language. Learn more about indexicality in the following video.
Understanding risks and risk management in projects. Learn about three different types of risk analysis in the following video.
What does a 95% confidence interval mean?
Learn how you can analyse uncertainty using Monte Carlo simulation in this video.
Watch this video about black swan projects. The black swan label refers to extremely uncertain projects that can evolve in a manner that is almost impossible to foresee.