This SlideShare explains exactly what risk management is and gives you a 6 step process you can use to create a strategy to deal with risks if they happen to arise!

1. RISK
MANAGEMENT
A 6 STEP PROCESS

2. What is risk management?
But first...

3. Risk
management
is...

4. "the forecasting and evaluation of risks together
with the identification of procedures to avoid or
minimize their impact."

5. Or...

6. Risk management is predicting what might have
an impact on your project, and then making a
strategy to deal with it!

7. The Risk
Management
6 Step
Process
1
2 3
4
5 6

8. 1 Identify

9. Identify
potential
risks to
your
project

10. 2 Analyze & Prioritize

11. Analyze &
prioritize
the risks in
order of
importance

12. 3 Plan & Schedule

13. Formulate
strategies,
plans and
actions to
deal with
potential
risks

14. 4 Track & Report

15. Monitor the
status of
potential
risks and
report this
status to
others

16. 5 Control

17. Implement
your risk
strategies,
plans and
actions as
needed

18. 6 Learn

19. Learn from
the
process,
and repeat!

20. Learn more about risk management with the BrightWork
training videos!
WATCHNOW!