Risk Management - What is the Stacey Matrix? Simple, Complicated, Complex, and Chaotic

Learn all the basics of Project Management, in a structured program: https://geni.us/PM_CoreCourses In this video, I answer the question, 'What is the Stacey Matrix?' and look at how it distinguishes Simple, Complicated, Complex, and Chaotic. 🎓 Learn Project Management with Mike: The Project Manager's Skills Mastery Program - https://school.onlinepmcourses.com/p/pm-skills-mastery Join this channel to get access to perks: https://www.youtube.com/channel/UCMZfp1_wquyegVY9SoER0Nw/join Recommended Videos Carefully curated video recommendations for you: 🎬 What is Cynefin? What is the Cynefin Framework? https://youtu.be/bHZQnwiKEns 🎬 What is VUCA? ...and VUCA' (VUCA Prime) https://youtu.be/K5rPm0MrsrU 🎬 Uncertainty Performance Domain: Managing Projects in the Presence of VUCA and Risk https://youtube.com/live/_ZMCXeK8oq4 🎬 4 Types of Project Risk - Different Forms of Uncertainty https://youtu.be/iOFjmR3-sqk 🎬 What is the Cone of Uncertainty? https://youtu.be/QZHQv88kYgw 🎬 Handling Contradictions - Aintegration and How Well you Cope with Uncertainty https://youtu.be/pKUNvfdm22w 🎒 A while back, I asked Project Managers in a couple of forums what material things you need to have, to do your job as a Project Manager. They responded magnificently. I compiled their answers into a Kit list. https://kit.co/MikeClayton/what-a-project-manager-needs Note that the links are affiliated. 🎬 For more great Project Management videos, please subscribe to this channel: https://www.youtube.com/channel/UCMZfp1_wquyegVY9SoER0Nw?sub_confirmation=1 🎁 For all our great Project Management articles and resources, please check out the OnlinePMCourses website: https://onlinepmcourses.com/ 🏛 For basic Management Courses - free training hosted on YouTube, with 2 new management lessons a week, check out our sister channel, Management Courses: http://youtube.com/c/managementcourses 🎓 For more of our Project Management videos in themed collections, join our Free Academy of Project Management: https://onlinepmcourses.com/free-academy-of-project-management/ ⏱ Chapter Markers... 00:00 - What is the Stacey Matrix? 00:10 - Introduction to the Stacey matrix 01:04 - Different Versions of the Stacey Matrix 01:54 - The Basics of the Stacey Matrix 02:33 - Zone 1: Close to Agreement - High Understanding 03:02 - Zone 2: Far from Agreement - High Understanding 03:51 - Zone 3: Close to Agreement - Limited Understanding 05:01 - Zone 4: Far from Agreement - Low Understanding 06:25 - Zone 5: Intermediate Zone 07:31 - Summing up the Stacey Matrix #StaceyMatrix #ProjectManagement #Complexity