PMI-RMP Certification Training - Risk Budgeting and Triggers

The video tutorial discusses asset allocation and risk budgeting, emphasizing the importance of understanding risk triggers. It explains how triggers serve as early warning signs for risks, allowing organizations to enact contingency plans effectively. The tutorial highlights the significance of identifying both external and internal factors that can act as triggers, such as changes in legislation or staffing. By recognizing these triggers, organizations can better manage risks and reduce their impact, particularly for threat risks.

What are some external and internal factors that can be included in triggers?

Why is it important to know when a risk might be imminent?

Discuss the relationship between the time between a trigger and a risk event.