Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Risk Management: Managing the Unavoidable

6,787 views

Published on

Learn to identify, evaluate, and manage business risks. Here's a presentation that explains how to use the risk matrix tool.

More presentations here: https://slideshop.com/Themed-Slides

Published in: Business
  • DOWNLOAD FULL BOOKS, INTO AVAILABLE FORMAT ......................................................................................................................... ......................................................................................................................... 1.DOWNLOAD FULL. PDF EBOOK here { https://tinyurl.com/y6a5rkg5 } ......................................................................................................................... 1.DOWNLOAD FULL. EPUB Ebook here { https://tinyurl.com/y6a5rkg5 } ......................................................................................................................... 1.DOWNLOAD FULL. doc Ebook here { https://tinyurl.com/y6a5rkg5 } ......................................................................................................................... 1.DOWNLOAD FULL. PDF EBOOK here { https://tinyurl.com/y6a5rkg5 } ......................................................................................................................... 1.DOWNLOAD FULL. EPUB Ebook here { https://tinyurl.com/y6a5rkg5 } ......................................................................................................................... 1.DOWNLOAD FULL. doc Ebook here { https://tinyurl.com/y6a5rkg5 } ......................................................................................................................... ......................................................................................................................... ......................................................................................................................... .............. Browse by Genre Available eBooks ......................................................................................................................... Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult,
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Secrets To Working Online, Hundreds of online opportunites you can profit with today!  http://scamcb.com/ezpayjobs/pdf
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Like to know how to take easy surveys and get huge checks - then you need to visit us now! Having so many paid surveys available to you all the time let you live the kind of life you want. learn more...■■■ https://tinyurl.com/make2793amonth
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Discover the secrets to getting a bigger penis naturally with this 100% free. ▲▲▲ https://tinyurl.com/ydaetwbk
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • How to Grip Her Attention - Unlock Her Legs ■■■ http://ishbv.com/unlockher/pdf
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here

Risk Management: Managing the Unavoidable

  1. 1. RISK MANAGEMENT: Managing the Unavoidable
  2. 2. A RISK is anything that can hinder or help an organization achieve its objectives
  3. 3. If it hinders, it’s called a THREAT If it helps, it’s called an OPPORTUNITY
  4. 4. What risks do you see here? LET’S SAY YOUR STARTUP CREATED AN AD-SUPPORTED APP THAT LETS THE USER SPOT THE NEAREST TOILET
  5. 5. THE RISKS CAN BE: CONSUMER PREFERENCE Consumers may find the app useful or useless COMPETITOR STRATEGY Similar apps may or may not be updated with new features HUMAN RESOURCES Team may be seriously or just halfheartedly committed to finishing the app
  6. 6. THE INEVITABLE PRESENCE OF THREATS AND OPPORTUNITIES CALLS FOR RISK MANAGEMENT. DON’T JUST TAKE RISKS, LEARN HOW TO MANAGE THEM.
  7. 7. HERE’S THE CYCLE TO REMEMBER RISK CONTROLRISK ASSESSMENT
  8. 8. RISK ASSESSMENT IDENTIFY: Recognize potential risks to be faced ANALYZE: Determine risk impacts on organization PLAN: Establish risk control measures
  9. 9. RISK CONTROL Implement: Perform risk-controlling strategies Monitor: Check risk status and execution of planned actions Improve: Enhance processes for better performance
  10. 10. RISK MANAGEMENT OFTEN COMES WITH A MATRIX BASED ON TWO CRITERIA: Source: BrightHubPM LIKELIHOOD OF OCCURRENCE : Probability of a risk CONSEQUENCES : Extent of damage caused
  11. 11. LIKELIHOOD OF OCCURRENCE DEFINITE : Most likely to cause a problem LIKELY : 60-80% chance of occurrence OCCASIONAL : 50/50 probability of occurrence SELDOM : Low probability of occurrence, but can’t be completely disregarded UNLIKELY : Less than 10% chance of occurrence
  12. 12. CONSEQUENCES Insignificant : Damage is negligible Catastrophic Marginal Moderate Critical : Damage can halt productivity : Damage is not significantly serious : Damage is significant but not severe : Damage can lead to serious loss
  13. 13. EACH RISK WILL FALL UNDER ONE OF THESE CATEGORIES Should be addressed on a high-priority basis Could be addressed to improve overall performance, but may be ignored without damage LOW MEDIUM HIGH EXTREME
  14. 14. WHAT A RISK MATRIX LOOKS LIKE For more on risk and how to use the risk matrix, visit BrightHubPM Definite Likely Occasional Seldom Unlikely Insignificant Marginal Moderate Critical Catastrophic Likelihood Consequences High High Extreme Extreme Extreme Moderate High High Extreme Extreme Low Moderate High Extreme Extreme Low Low Moderate High Extreme Low Low Moderate High High
  15. 15. “Risk is like fire: if controlled it will help you; if uncontrolled it will rise up and destroy you.” Theodore Roosevelt
  16. 16. contact: support@slideshop.com fb: theslideshop twitter: @slide_shop blog: http://blog.slideshop.com/ pinterest: Slideshop slideshare: slideshop.com phone number: +1 602 559 4554 The world's leading supplier of unique, creative and effective PowerPoint templates. Do you want to customize this presentation? Download the PowerPoint file. Download

×