This document summarizes a website that provides information and resources for project managers on risk management. It includes definitions of project risk, descriptions of the risk management process and tips for identifying, prioritizing, and managing risks. Specific topics covered include risk identification techniques, using a risk matrix, the risk register form, and different strategies for responding to risks such as mitigation, transfer, avoidance and acceptance. Flowcharts and diagrams are provided to illustrate risk management concepts and processes.
Summary:
Risk
Risk management
Risk Management process groups
Plan Risk Management
Identify Risks
Perform Qualitative Risk Analysis
Perform Quantitative Risk Analysis
Plan Responses
Control Risks
Presenting this set of slides with name - Risk Management Module PowerPoint Presentation Slides. The stages in this process are Risk Management Module, Risk Management Framework, Risk Management Structure.
Summary:
Risk
Risk management
Risk Management process groups
Plan Risk Management
Identify Risks
Perform Qualitative Risk Analysis
Perform Quantitative Risk Analysis
Plan Responses
Control Risks
Presenting this set of slides with name - Risk Management Module PowerPoint Presentation Slides. The stages in this process are Risk Management Module, Risk Management Framework, Risk Management Structure.
Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters.
what is the definition of risk management
risk management services
risk management certification
risk management for project management
risk management terms
celgene risk management
risk management framework
risk management jobs
business research topics for mba
mba topics for presentation
mba project topics
mba research topics in management
dissertation topics for mba
mba finance research topics
mba topics on strategic management
thesis topic for mba
Risk Management Process And Procedures PowerPoint Presentation SlidesSlideTeam
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
PMP, PMBOK (R) 5th Edition,
CH: 11: Project Risk Management
--> Represents one of two biggest chapters, of the PMBOK
==> Too much useful, for the people who have concern in the project management field, & the risk management field as well
Risk Management Procedure And Guidelines PowerPoint Presentation Slides SlideTeam
Presenting this set of slides with name - Risk Management Procedure And Guidelines PowerPoint Presentation Slides. This deck consists of total of forty eight slides. It has PPT slides highlighting important topics of Risk Management Procedure And Guidelines PowerPoint Presentation Slides. This deck comprises of amazing visuals with thoroughly researched content. Each template is well crafted and designed by our PowerPoint experts. Our designers have included all the necessary PowerPoint layouts in this deck. From icons to graphs, this PPT deck has it all. The best part is that these templates are easily customizable. Just click the DOWNLOAD button shown below. Edit the colour, text, font size, add or delete the content as per the requirement. Download this deck now and engage your audience with this ready made presentation.
A risk is defined as “an uncertain event or condition that, if it occurs, has a positive and negative effect on a project’s objectives.” Risk is inherent with any project, and project managers should assess risk continually and develop plan to address them. The risk management plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies to help the project avoid being derailed should common problems arise. Risk management plans should be periodically reviewed by the project team in order to avoid having the analysis become stale and not reflective of actual potential project risks. Most critical, risk management plans include a risk strategy.
This module on Managing Risk discusses different type of risk that needs to be taken into account by the management while implementing a project. The other topics converged in this module include probability-impact matrix, Risk Quantification; Mitigating/Transferring risk; Risk audits/Review; Sample Risk plan and how to initiate Risk Management Planning.
Investors in Risk Management provides expert-driven risk maturity assessment services to assess and improve the risk management maturity using our Risk Management Maturity Model (RMMM) to mitigate the impact of uncertainty on business objectives.
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
Environmental Status and Water Resources of the Province of Cebu - March 2016Rehne Gibb Larena
Atty. Czareem Joseph Estella of PENRO gave a presentation on the State of the Environment and Natural and Water Resources. He discussed more in detail Executive Order 02-2016 which convenes the Provincial Water Resources Authority. He discussed the Province’s forest cover which spans over a total land area of 507,839 hectares of which 64,116 hectares is protected. He said there is a net loss of forest cover of 5,683 hectares per year. However, with the national greening program, 28,298 hectares have been reforested from 2011-2015. In regards to solid waste management, he reported that 41 LGUs have open and controlled dumpsites, but only 10 LGUs have sanitary landfills (SLFs). There are 31 LGUs with a 10-year solid waste management plan and 20 LGUs whose plans have expired. PENRO has a water management section which coordinates with other NGOs and national government agencies to implement water policies.
Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters.
what is the definition of risk management
risk management services
risk management certification
risk management for project management
risk management terms
celgene risk management
risk management framework
risk management jobs
business research topics for mba
mba topics for presentation
mba project topics
mba research topics in management
dissertation topics for mba
mba finance research topics
mba topics on strategic management
thesis topic for mba
Risk Management Process And Procedures PowerPoint Presentation SlidesSlideTeam
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
PMP, PMBOK (R) 5th Edition,
CH: 11: Project Risk Management
--> Represents one of two biggest chapters, of the PMBOK
==> Too much useful, for the people who have concern in the project management field, & the risk management field as well
Risk Management Procedure And Guidelines PowerPoint Presentation Slides SlideTeam
Presenting this set of slides with name - Risk Management Procedure And Guidelines PowerPoint Presentation Slides. This deck consists of total of forty eight slides. It has PPT slides highlighting important topics of Risk Management Procedure And Guidelines PowerPoint Presentation Slides. This deck comprises of amazing visuals with thoroughly researched content. Each template is well crafted and designed by our PowerPoint experts. Our designers have included all the necessary PowerPoint layouts in this deck. From icons to graphs, this PPT deck has it all. The best part is that these templates are easily customizable. Just click the DOWNLOAD button shown below. Edit the colour, text, font size, add or delete the content as per the requirement. Download this deck now and engage your audience with this ready made presentation.
A risk is defined as “an uncertain event or condition that, if it occurs, has a positive and negative effect on a project’s objectives.” Risk is inherent with any project, and project managers should assess risk continually and develop plan to address them. The risk management plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies to help the project avoid being derailed should common problems arise. Risk management plans should be periodically reviewed by the project team in order to avoid having the analysis become stale and not reflective of actual potential project risks. Most critical, risk management plans include a risk strategy.
This module on Managing Risk discusses different type of risk that needs to be taken into account by the management while implementing a project. The other topics converged in this module include probability-impact matrix, Risk Quantification; Mitigating/Transferring risk; Risk audits/Review; Sample Risk plan and how to initiate Risk Management Planning.
Investors in Risk Management provides expert-driven risk maturity assessment services to assess and improve the risk management maturity using our Risk Management Maturity Model (RMMM) to mitigate the impact of uncertainty on business objectives.
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
Environmental Status and Water Resources of the Province of Cebu - March 2016Rehne Gibb Larena
Atty. Czareem Joseph Estella of PENRO gave a presentation on the State of the Environment and Natural and Water Resources. He discussed more in detail Executive Order 02-2016 which convenes the Provincial Water Resources Authority. He discussed the Province’s forest cover which spans over a total land area of 507,839 hectares of which 64,116 hectares is protected. He said there is a net loss of forest cover of 5,683 hectares per year. However, with the national greening program, 28,298 hectares have been reforested from 2011-2015. In regards to solid waste management, he reported that 41 LGUs have open and controlled dumpsites, but only 10 LGUs have sanitary landfills (SLFs). There are 31 LGUs with a 10-year solid waste management plan and 20 LGUs whose plans have expired. PENRO has a water management section which coordinates with other NGOs and national government agencies to implement water policies.
Critical role of_risk_assessment_in_international_projects_enVyacheslav Guzovsky
Risk is usually applied to negative events, things that might go wrong. Hopefully there are things that we can do, systems that we can put into place that will prevent bad things from happening, or at least if bad things happen, will minimize the likelihood of it being a total catastrophe. Some of these things are obvious, some of them are not so obvious and might sound like common sense, but there is a lot of science to back this up. This science is called risk management. It is a whole profession and may take you a few years to get there. The good news is it is a gradual process, and all we need to know is that it can be a handy tool for our trade and achievable by changing our working habits.
This lecture provides short and comprehensive view of software project and risk management. It has basic examples and calculations which is main concern of software project manager. This lecture helps to understand basics of risk management.
I am Telecommunication engineer with HW/SW background and good administrative skill.
Report
Эта статья адресована тем, кто имеет отношение к разработке программного продукта. Понимание принципов управление процессом разработки не менее важно, чем фактические знания технологий программирования. Статья не адресована только тем, кто хочет стать или работает руководителем проекта (Project Manager), Понимание принципов управления принесет пользу на любой должности и в любой команде.
PROJECTCON | AGILECON Midwest 2019 in Indianapolis on May 10, 2019
Presenter: Bill Dow
A Guide to Risk Management
Most Project Managers struggle with managing risks and issues. It is a daily struggle, project managers don’t track and understand the purpose of risk management well enough, so we see them either ignore it all together or do the bare minimum. In this presentation, we will walk through the purpose and tracking of risks on projects.
Key Takeaways:
Learn the purpose behind Risk Management
Discover the key steps in Risk Management
Uncover Risk Management tools and techniques
Event Website: https://projectconevent.com
LinkedIn: https://www.linkedin.com/company/projectcon-llc
Facebook: http://www.facebook.com/ProjectConEvent
Twitter: http://www.twitter.com/projectconevent
YouTube: https://www.youtube.com/channel/UCLLG1SGPs1L5YLoFndvGGhQ
Instagram: https://www.instagram.com/projectconevent
Presentation Slides: https://slideshare.com/projectcon
Post Event Trailer: https://youtu.be/1_RzFBnZ7bo
Online PMP Training Material for PMP Exam - Risk Management Knowledge AreaGlobalSkillup
Risk Management Knowledge Area in Project management defined by PMBOK 5th Edition by Project Management Institute (PMI). Provided by GlobalSkillup.com towards PMP Certification Exam.
NCV 4 Project Management Hands-On Support Slide Show - Module5Future Managers
This slide show complements the Learner Guide NCV 4 Project Management Hands-On Training by Bert Eksteen, published by Future Managers. For more information visit our website www.futuremanagers.net
Андрій Мудрий «Risk managemnt: Welcome to Risk World»Lviv Startup Club
Kyiv Project Management Day 2017 Spring
-------------------------
Андрій Мудрий «Risk managemnt: Welcome to Risk World»
-------------------------
Сайт конференції: http://pmday.org/
Спільнота в мережі Linkedin: http://bit.ly/PMDayLin
Спільнота в мережі facebook: http://bit.ly/PMDayKyivFB
Twitter конференції: https://twitter.com/LvivPMDay
1. Project objectives (hierarchized SMART)
2. To what problem the project is a response ?
3. Priorities (Cost, Quality, Scope, Time)
4. Success criterias
5. Success factors
6. Benefits
7. Fondamental Business Need
8. High Level Requirements prioritized (MoSCoW)
9. Project description
10. Scope (What is in the project ? What is not in the project ?
11. Main steps, Key deliverables, milestone
12. Organization : who is involved and what role does he play?
13. High level Risks : main risks identified
14. Budget
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
2. www.relaxedprojectmanager.com
Deadlines
www.relaxedprojectmanager.com
Initiation Feasibility Organisation Execution Transfer
DeliverableLessons learnedRisk
• Project Charter
• Stakeholder
Analysis
• Requirements
• Service/Produc
t
• Risque
Analysis
• WBS
• PERT
• GANTT
• Project Plan
• Kanban Chart
• Dashboard
• Reporting
• Test
• Lessons
learned
• Workbreak-
downchart/ Estimation
23/03
• Sequencing Tactic/Strategy
• Project Plan 30/03
• Project Control
11/04
• Meeting
• Project Status
• Scope Change
• Test
• Requirements
• 16/03
• Risk
• 21/03
• Project
initiation
19/01 16/02
• Stakeholder
• 09/03
• Transfer 20/04
• Lessons learned
Gate Review Gate Review Gate Review Gate ReviewGate Review
Topics
? What’s the project ?
What are the
needs ? What’s the
best solution ?
How do we organise
the project ?
How can i keep
the project on track ?
How can i make sure
that the client will take
over the project ?
9. www.relaxedprojectmanager.com
+Risk management process
Identify risks
Assign impact/
probability
Prioritize risk
(risk ranking/ tolerance)
Develop strategies
(mitigate, transfer, …)
Determine who’s responsible
for the risk
Manage your risk
during the project !
www.relaxedprojectmanager.com
11. www.relaxedprojectmanager.com
+What you know and don’t know
www.relaxedprojectmanager.com
Something which has
NEVER HAPPENED
before and thus cannot be
anticipated
Something we know
EXISTS but we don‘t know
when it will happen and
how severe the
consequences will be
15. www.relaxedprojectmanager.com
+ How to find risks ?
• What is unique about your project ?
• What are you not used to deal with ?
• What are typical risks linked to your business
?
• What are typical risks linked to the
product/service you want to provide ?
• What will be out of your management range ?
• What kind of risks arises from the
stakeholders ?
• What’s going to change in the next month in
your environment, your organization, your
country ?
« Project risk management is not about gathering all the possible risks,
the project manager needs to identify the risks that are linked
to the uniqueness of the project, the product and the way
of managing the project »
www.relaxedprojectmanager.com
17. www.relaxedprojectmanager.com
+ Sources of risques in international
projects
Distributed teams
Various languages
Different measures - Different technical standards
Reliability of infrastructure (technology, transport,
etc.)
Ethnical and religious differences
Social violence and instability
Prejudice and nationalism
Different business practices and rules
Different feeling for time and punctuality
Different attitude towards risk in general
Divergent competency profiles and certificates
Government involvement and control
Cost
Risk !
Quality
Risk !
Time
Risk !
18. www.relaxedprojectmanager.com
+ Sources of risques in construction
projects
Bureaucracy of government
Design variations
Excessive approval procedures in administrative
General safety accident occurrence
High performance or quality expectations
Inadequate or insufficient site information
Inadequate program scheduling
Incomplete or inaccurate cost estimate
Lack of coordination between project participants
Low management competency of subcontractors
Price inflation of construction materials
Serious noise pollution caused by construction
Tight project schedule
Cost
Risk !
Quality
Risk !
Time
Risk !
28. www.relaxedprojectmanager.com
+
New Tool to be introduced
Context : You first get some knowledge of how to use it. You
then work with it using this basic knowledge. After some time
you decide you need to learn more. Over an extended time you
gain proficiency and it becomes part of your toolkit.
Impact : Too difficult to use, find problems in the tool,
management thinks you will be more productive. Old tools are
still used. Productivity drops.
Prevention : Requirements, training, guidelines, …
29. www.relaxedprojectmanager.com
+
Informal and wrong methods
Context : falling in habits. 5% usage of functionalities of a tool.
First usage of a method slows down the work.
Impact : Confusion – Isolation – People divide the work into
smaller chungs to avoid the « big method »
Prevention : Train method and then find out how people adapt
the method to the culture of the organisation
30. www.relaxedprojectmanager.com
+
Project manager lacks experience
Context : quick promotion after having taken a few basic
courses. Left to themselves. Failure. Standardised methods.
Lack of sharing experience.
Impact : unrealistic and uncomplete project plan – pm does not
recognise the severity and effect of issues that arise.
Prevention : Sharing experience – Rotate project leaders -
Mentor
31. www.relaxedprojectmanager.com
+
Lack of teamwork
Context: the only time for teamwok is at a meeting – get the
work done but don’t plan the work – don’t take into account the
cultural factor – Understanding : if two people work together
work is slowed down
Impact : Lack of knowledge and method sharing – Keep the
problem to him/her self. Manager assumes things are fine –
Last minute bad surprise
Prevention : Reward joint working from the start – move the
ownership of an idea to the staff
34. www.relaxedprojectmanager.com
+
How to use the risk matrix ?
Probability
Severness
b) Verify that your team is aware of these risk
and that they can handle them
d) It’s up to your organisation
to handle these risks
d) Manage these risks
closely yourself
a) Forget about theses risks
High
High
Low
www.relaxedprojectmanager.com
35. www.relaxedprojectmanager.com
+
How to manage risks ?
Risk (linked
to the
specificity of
the project?)
Impact on the
project
(Cost, Delay,
Quality, Scope)
Probability
(that this risk
occurs)
Event =
Probabilit
y x Impact
Action
(avoid,miti
gate,
transfer,
accept)
Status
(disappeared,
appeared,
latent)
Trend
(is it getting
better or
worse)
www.relaxedprojectmanager.com
39. www.relaxedprojectmanager.com
+Hints for risk management ?
• Identify and qualify the risks in groups gathering people with
different backgrounds
• Risk management is an on going process, so you need to put rules
about meetings and outcomes in your project management plan
• Always check if the countermeasures you take are really working
• Risk breakdown structure is useful to build but it’s not a guarantee
for finding all the relevant risks
• Working together with your team on risk management increases
awareness and it’s a way to share responsibility
• Feedback is very important when a risk occurs your reporting
system and your management should encourage feedback
• Concentrate on relevant risk specific to the uniqueness of your
project
www.relaxedprojectmanager.com
40. www.relaxedprojectmanager.com
+
Respond
Consider alternative courses and remedy
Have a plan B for important risks (contingency plan) Install
project buffer (extra time and money)
Continuously monitor the project‘s main risks!
RESPOND
Any feasible action to minimize or eliminate the risk, intensively
involving all available technological, human and organizational
resources
Reasonable for highly critical solutions!
41. www.relaxedprojectmanager.com
+Eclude
• Avoid major risks by excluding those from your project
• Hand the riskful task over to another project
• Has to happen in the scoping phase
• Down-scaling a project has limitations!
www.relaxedprojectmanager.com
43. www.relaxedprojectmanager.com
+Transfer
(risk response)
Shift risk consequences to another party
Do it if the other party
is used
to deal with the risk
Choose the right contract type
in order to cover yourself
Pay insurance
www.relaxedprojectmanager.com
Externalize responsibility for potential
damages by purchasing insurance,
external consultants/experts, etc. Hiring
externals has it‘s own risks (legal stuff,
liability, etc.)
Transferring risks is expensive!
44. www.relaxedprojectmanager.com
+Mitigation
(risk response)
reduce impact or probability of the risk
Do more testing
Use more qualified
resources
Improve your communication
With the subcontractor
Mange closely the resources
Working on the risky deliverable
www.relaxedprojectmanager.com
45. www.relaxedprojectmanager.com
+Avoidance
(risk response)
avoid cause/source of the risk
Don’t let your subcontractor
do the work, do it yourself
Reduce scope to
deliverables you are
sure to produce
Change the way you
do your project
Work with technologies/products
you know very well
Don’t do it yourself,
get someone who is specialized
www.relaxedprojectmanager.com
46. www.relaxedprojectmanager.com
+Acceptance
(risk response)
When you can’t find another response
1. Develop a contingency plan
2. Establish amount of reserve
based on probability and severness
Understand the risk but take no preparations
React, if it occurs (if costs are small, solve the
problem) Alternatively, just live with the
damage
Applicable only for minor risks!
www.relaxedprojectmanager.com
47. www.relaxedprojectmanager.com
+Risk opportunity or threat?
Threat Opportunity
Find a way to avoid the risk
Find a way to transfer to another party
Find a way to mitigate the risk reducing
Probability or Severness
Exploit
Share with another party
Enhance by increasing the effect
or the probability
Or accept and do nothing !
Risk
www.relaxedprojectmanager.com
48. www.relaxedprojectmanager.com
+How to handle the risk ?
Scope / WBS
Tactic (Sequencing)
What (new) task will mitigate,
transfer, … the risk ?
Risk
Performance
www.relaxedprojectmanager.com