MANAGING RISK

Managing risk involves conducting, planning, identifying, analyzing, responding to, and controlling project uncertainties (both positive and negative).

Effectively managing risk in training projects is the responsibility of the training project manager. Potential risks to look for in training projects and ongoing operations include:

• not recognizing or identifying stakeholders

• unannounced external training audits by regulatory authorities

• incorrect or missing training assignments

• outdated or obsolete training

• lack of blended training approaches

• inaccessibility to training content

• misperception of the importance of training

• minimal or no continuous improvement

Risk management can be categorized into knowledge areas: ...

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