From the course: AI for Project Management: Managing Risk with Generative AI

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Exercise: Using AI to build a project risk management plan

Exercise: Using AI to build a project risk management plan

From the course: AI for Project Management: Managing Risk with Generative AI

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Exercise: Using AI to build a project risk management plan

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- [Narrator] Creating a risk management plan from scratch can feel overwhelming, but what if AI could help? With the right approach, AI can assist in identifying risks, ranking them, and developing response strategies. In this video, we'll walk through how to use a large language model like ChatGPT to create a project risk management plan using the 10 step AI risk plan framework. By the end, you'll know how to structure your inputs to get a well organized risk strategy. The first step is to describe your project in detail. AI performs best when given clear and specific context. Your description should include the project type, the key objectives, budget considerations, timeline, stakeholders, and potential risk factors. Next, ask AI to apply the AI risk plan framework to develop a comprehensive risk management strategy. This will ensure that your response includes risk identification, ranking, mitigation strategies, and real-time monitoring. Now, let's see this in action. Imagine that…

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