PMI-RMP Certification Training - Escalate and Avoid

The video tutorial covers two negative risk strategies: escalation and avoidance. Escalation is used when a threat is beyond the project's scope or resources, transferring the risk to a higher organizational level. Once escalated, the risk is removed from the project's risk register. Risk avoidance involves eliminating the threat or its impact, effectively removing it from the risk register. This strategy may lead to secondary risks. Examples include changing project plans or strategies to avoid risks. The tutorial emphasizes understanding when to use each strategy and the implications for project management.

What is the purpose of escalating a risk in project management?

Under what circumstances would a project team choose to escalate a risk?

What happens to a risk when it is escalated?

How does risk avoidance differ from risk escalation?

What is a secondary risk, and how can it arise from risk avoidance?

Can you provide an example of risk avoidance in a real-life scenario?

What are some actions that can be taken to avoid risks in project management?