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1. Risk Management
PRESENTED BY
AGLAIA

2. Introduction
• The process involved with identifying, analyzing, and
responding to risk.
• It includes maximizing the results of positive risks and
minimizing the consequences of negative events.

3. What is Risk Management?
• Risk is an uncertain event that may have a positive or negative
impact on the project.
• Risk Management is the process of identifying and migrating
risk.

4. Why is it important?
• Risk affects all aspects of your project – your budget, your
schedule, your scope, the agreed level of quality, and so on
• Increase probability of positive event.
• Reduce the occurrence of negative event.

5. Objectives of Risk Management
• Protecting employees from accidents that might result in death
or injury
• Due attention given to cost of handling risks.
• Effective utilization of resources.
• Maintaining good relations with society and public.

6. Project Management
• Poor control of design changes
• Problems with team members
• Poor control of customer changes
• Poor understanding of the project manager's job
• Wrong person assigned as project manager
• No integrated planning and control
• Organization's resources are overcommitted
• Unrealistic planning and scheduling
• No project cost accounting ability
• Conflicting project priorities
• Poorly organized project office

7. Principles of risk management
• be an integral part of organizational processes
• be part of decision making process
• explicitly address uncertainty and assumptions
• be systematic and structured process
• be based on the best available information
• be tailorable
• take human factors into account
• be transparent and inclusive
• be dynamic, iterative and responsive to change
• be continually or periodically re-assessed

9. Types
• Enterprise Risk
• Credit Risk
• Market Risk
• Operational Risk

10. Advantages of Risk Management
• First: the awareness of possible threats. This also includes
identification of possible loss of assets. In that way, the
company can have back up funds in case they lose an asset.
• The manager can also highlight how easier it will be to
determine if a system can still operate in case these threats
occur.
• Risk management can also transform threats into a threshold to
new opportunities.
• When a threat occurs, it’s important for all departments to
come together and deal with it. Risk management prevents a
department from isolation. Everyone is involved because
everyone is aware. Imagine the impact a company will have to
their clients if they show oneness in the midst of perplexity.

11. Disadvantages of Risk Management
• Cost. This module will shell out cash from the company funds.
Companies will have to improve their cash generating tactics in
order to provide means for training and maintenance for
something that hasn’t happened yet.
• Training. The time spent for development and research will
have to be allocated for training to ensure proper execution of
risk management.
• Motivation. Employees

12. For more…. Mail to aglaiaconnect2018@gmail.com