How shuold you raise a risk in consulting? How are different risks mitigated? When are risks closed out? Managing risks is one of the central functions of a management consulting team - who are responsible for ensuring a consulting project delivers on time to its objectives. This video is part 2 of 2 on how to manage and mitigate risks. It covers how to raise a risk, how risks are mitigated, and how risks are ultimately closed out. It builds on the examples of risks raised in part 1, explaining the different kinds of mitigations that might be employed for each of the different types of risks. Risk management is one of the most important things you'll learn to do in your management consulting career.

Part 1 covered what a risk is, using some examples. It talked about when risks are likely to occur, and how to spot them. And it finished by explaining what you should do with a risk you have identified. Go to part 1 here: https://youtu.be/u67Gfq-4Fos

00:00 Channel Intro
00:29 Context
01:18 Raising a Risk
02:22 Mitigating a Risk
06:53 Closing a Risk

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