Types of project risks and how to prepare a contingency plan

The video discusses the importance of risk management in business projects, highlighting the need to identify, evaluate, and plan for potential risks. It covers different types of project risks, such as budget, schedule, and performance risks, and outlines strategies to handle them, including elimination, mitigation, transfer, and acceptance. The video also emphasizes the significance of business contingency plans in preparing for unforeseen circumstances, providing steps to create effective plans.

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