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What is Risky About Projects?

We need to identify sources of uncertainty and where risks come from in our projects. Watch Professor Yael Grushka-Cockayne explain more.

As you watch this video, think about the different sources of uncertainty Professor Yael Grushka-Cockayne discusses. Based on the the work of Loch, DeMeyer, and Pich (2006), she explains several dimensions (and degrees) of uncertainty: foreseeable uncertainty (uncertainty), complexity (risks), and unforeseen uncertainties (ambiguity). Using these dimensions (and degrees), reflect on some uncertainties that might be associated with a recent or current plan that you are working on.