An Introduction to Risk Analysis and Uncertainty

Take a look at this short video for a quick introduction to the concept of uncertainty and its important role in project risk analysis. Join David Phillips as he explains the idea of uncertainty, and walks us through the question of why project opportunities and threats need to be properly managed with an ongoing Risk Management Plan. If this video piques your interest, Emerald Associates' second video Risk Analysis and Uncertainty: A Simple Case Study is a deeper exploration of uncertainty with the use of Oracle Primavera Risk Analysis software (Pertmaster).