🧠 What is risk in project management — and how do you respond to it effectively? In this short tutorial, PMP® instructor Joseph Phillips breaks down how to handle both negative (threats) and positive (opportunities) using strategies from the PMBOK® Guide (6th Edition). Perfect for PMP® exam prep or real-world project managers looking to sharpen their risk response game. ⏱️ Timestamps 00:00 – What is risk in project management? 00:25 – Positive vs. negative risk explained 01:12 – How to respond to negative risk (5 strategies) 01:35 – Escalate, Avoid, Transfer, Mitigate, Accept 02:40 – How to respond to positive risk (5 strategies) 03:15 – Escalate, Exploit, Share, Enhance, Accept 04:30 – Summary: Choosing the right response 📚 Resources 📘 Course featured in this video: Master project risk strategies and earn 35 PDUs with Joseph’s PMP Exam Prep Seminar (PMBOK® 6th Edition) 👉 udemy.com/course/pmp-pmbok6-35-pdus 👨‍🏫 About the instructor: View Joseph Phillips’ full cata...