Risk Management

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Why Risk Management is more interesting and useful than you think

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Risk Management

  1. 1. risk managment is often considered boring because itsmells of grey suits and playing safe
  2. 2. but think of it this way : what worries youabout your project?
  3. 3. risk assessment as the chance to putdown everyting that worries you; what could go wrong
  4. 4. • obvious things but also • nagging things • stuff that’s actually not under your control • assumptions• stuff that shouldn’t happen but could• stuff that keeps you up at night
  5. 5. • allows you to recognise and deal with problems early• transfers responsibility to right people • jisc prefers openness, acceptance and solutions
  6. 6. •Acceptance Accept the possibility and develop contingency (For lower risk scores)• Avoidance Adding to or changing plan so risk no longer a possibility• Reduction Reducing the probability or impact of the risk• Transfer Moving the impact (and ownership) of the riskto a third party (outside project or instituion)
  7. 7. Once a risk , it should be assessed, monitored,updated at regular intervals (e.g. project meetings) – useful to circualte to seniormanagment, esp when there are risk scores
  8. 8. What now?• Work on risks within the project plan• Less bothered (at the moment) about ratingthem• Write down obvious and less obvious risks• Discuss with your group (20 mins)•General discussion at end (10 mins)More info on Risk Management at JISC InfoNet
  9. 9. http://www.flickr.com/photos/bng/25164905/ - Risk (game)http://www.flickr.com/photos/loop_oh/3230700469/ - Risk(grave)

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