The document discusses risk management techniques and provides two case studies as examples. It outlines a general risk management process of identifying risks, categorizing them, developing mitigation plans, monitoring risks, and reviewing issues once managed. The first case study examines risks involved in sailing across an ocean like fire, hull damage from a storm, or being swept overboard. The second looks at risks in a large IT program like key staff loss or late delivery. Both cases go through analyzing risks and developing mitigation plans A, B, and C to achieve different outcomes depending on how the risk develops. Common themes are analyzing the risk environment, stakeholder management, and having contingency plans.

1. Calculated Risk – Scaleable Management tool or Risky Business Chris Enstone 11 th February 2008

7. Mitigation – The storm

12. Potential risks Key staff become unavailable at important times Organisation cannot cope with rate of change Don’t delivery to time Risk F H M Leading to severe disruption to delivery schedules N H L Leading to disruption to service post go live N H M Loss of credibility in the market leading to lower market share Prox Imp Likeli hood Outcome

13. Mitigation – late delivery