Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 1 00:00:01,300 --> 00:00:03,210 Once we've identified risks, 2 2 00:00:03,210 --> 00:00:04,860 it is very helpful to write them in 3 3 00:00:04,860 --> 00:00:07,600 standard risk statement form. 4 4 00:00:07,600 --> 00:00:12,210 With the format, if Cause then there could be Risk 5 5 00:00:12,210 --> 00:00:13,653 causing Consequence. 6 6 00:00:15,210 --> 00:00:17,570 This has several advantages. 7 7 00:00:17,570 --> 00:00:19,870 First, it provides a standard format 8 8 00:00:19,870 --> 00:00:21,670 that everyone becomes familiar with. 9 9 00:00:22,890 --> 00:00:26,053 It identifies the three different components of the risk. 10 10 00:00:27,530 --> 00:00:31,210 And it provides useful information to help manage the risk, 11 11 00:00:31,210 --> 00:00:34,280 since the cause is what we can do something about, 12 12 00:00:34,280 --> 00:00:37,030 and is often otherwise buried. 13 13 00:00:37,030 --> 00:00:38,550 The risk is the bad thing, 14 14 00:00:38,550 --> 00:00:40,900 and the consequence is what we want to avoid, 15 15 00:00:40,900 --> 00:00:44,193 but it's the cause that can actually be addressed. 16 16 00:00:45,770 --> 00:00:46,873 Here some examples. 17 17 00:00:48,280 --> 00:00:52,980 If the fence has holes then foxes could get in 18 18 00:00:52,980 --> 00:00:54,663 and eat all the chickens. 19 19 00:00:56,020 --> 00:00:59,380 In other words, we don't need fox traps, 20 20 00:00:59,380 --> 00:01:02,713 we need to make sure the fence doesn't have any holes in it. 21 21 00:01:04,610 --> 00:01:06,830 If the morale is not good, 22 22 00:01:06,830 --> 00:01:09,460 then team members could leave for other jobs, 23 23 00:01:09,460 --> 00:01:12,033 causing schedule, cost, and quality problems. 24 24 00:01:13,360 --> 00:01:15,540 That is, we can't just order the team 25 25 00:01:15,540 --> 00:01:17,250 to stay with our project, 26 26 00:01:17,250 --> 00:01:19,280 but there are lots of things we can do 27 27 00:01:19,280 --> 00:01:20,913 to improve team morale. 28 28 00:01:22,680 --> 00:01:25,400 If the parts procurement is delayed 29 29 00:01:25,400 --> 00:01:28,160 we won't be able to build the product in time 30 30 00:01:28,160 --> 00:01:29,973 causing the customer to reject it. 31 31 00:01:31,410 --> 00:01:33,380 This is a good example of the principle 32 32 00:01:33,380 --> 00:01:34,830 that there should never be a risk 33 33 00:01:34,830 --> 00:01:37,973 that says simply we might be late or over budget. 34 34 00:01:38,950 --> 00:01:41,790 Instead there must be an identified cause 35 35 00:01:41,790 --> 00:01:42,833 that we can manage. 36 36 00:01:43,800 --> 00:01:46,090 In this case there are likely several things we can do 37 37 00:01:46,090 --> 00:01:48,420 to reduce the probability the parts procurement 38 38 00:01:48,420 --> 00:01:49,273 will be delayed. 39 39 00:01:50,170 --> 00:01:52,063 That's what we should address. 40 40 00:01:53,900 --> 00:01:57,020 If the distributed team doesn't coordinate efficiently 41 41 00:01:57,020 --> 00:02:00,360 there will be missed work and schedule delays 42 42 00:02:00,360 --> 00:02:02,410 causing the project to miss the deadline. 43 43 00:02:03,410 --> 00:02:06,580 Here again, the missed work and schedule delays 44 44 00:02:06,580 --> 00:02:08,610 are not what we can manage, 45 45 00:02:08,610 --> 00:02:11,670 it's the underlying cause we want to focus on. 46 46 00:02:11,670 --> 00:02:13,010 We have a distributed team 47 47 00:02:13,010 --> 00:02:16,133 with significant likelihood of coordination problems. 48 48 00:02:17,060 --> 00:02:20,510 Knowing the driving cause, we can then put together plans 49 49 00:02:20,510 --> 00:02:22,093 to address the real issue. 50 50 00:02:23,910 --> 00:02:27,080 The key point of this process is to keep asking yourself 51 51 00:02:27,080 --> 00:02:30,160 why might the risk we're worried about happen, 52 52 00:02:30,160 --> 00:02:32,630 until you've identified the underlying cause 53 53 00:02:32,630 --> 00:02:34,573 that can actually be addressed. 54 54 00:02:35,980 --> 00:02:38,610 At the conclusion of this step, you have a set of risks 55 55 00:02:38,610 --> 00:02:42,030 in a standard form everyone can recognize, 56 56 00:02:42,030 --> 00:02:45,770 and separates the cause, risk, and consequence, 57 57 00:02:45,770 --> 00:02:47,993 making much easier to deal with. 4902