Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 1 00:00:01,130 --> 00:00:03,913 Let's baseline your project risk budget. 2 2 00:00:05,040 --> 00:00:07,453 First, identify the risks. 3 3 00:00:08,570 --> 00:00:11,130 Assign owners, and express the risks 4 4 00:00:11,130 --> 00:00:13,423 in standard risk statement form, 5 5 00:00:14,570 --> 00:00:16,960 quantify the probability, time, 6 6 00:00:16,960 --> 00:00:20,103 cost, probable time, and probable cost, 7 7 00:00:21,450 --> 00:00:25,160 conduct response planning, for action now during planning 8 8 00:00:25,160 --> 00:00:27,023 or later during execution, 9 9 00:00:28,340 --> 00:00:31,930 revisit the quantifications to see if they can be reduced 10 10 00:00:31,930 --> 00:00:33,423 due to the response plans, 11 11 00:00:34,860 --> 00:00:38,933 document the triggers, secondary risks, and the plan B's, 12 12 00:00:40,220 --> 00:00:43,550 and add the entire risk time buffer to the schedule 13 13 00:00:43,550 --> 00:00:45,633 just before the key customer event. 14 14 00:00:47,210 --> 00:00:49,890 Also, conduct opportunity planning 15 15 00:00:49,890 --> 00:00:52,200 and create an opportunity register 16 16 00:00:52,200 --> 00:00:54,613 to the extent appropriate for your project. 17 17 00:00:56,270 --> 00:00:59,230 Now your project is realistically planned, 18 18 00:00:59,230 --> 00:01:01,320 taking account of the unexpected, 19 19 00:01:01,320 --> 00:01:04,330 with time and cost available to address 20 20 00:01:04,330 --> 00:01:07,533 the inevitable surprises along the way. 1715