Risk mgt
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The document discusses risk management for startups. It defines risks, issues, and problems and explains the risk management process of identifying, assessing, planning mitigation actions, and controlling risks. It presents a risk assessment matrix to classify risks based on impact and probability. The document advises to register risks and issues, assign owners and timing for actions, and monitor them over time. Risks can be avoided, controlled, assumed, or transferred.
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Project risk management: Techniques and strategies
Risk identification techniques and mitigation techniques in the present dynamic scenario of the industry is described here. Also, the recent research area and probable topics that one could choose as a Ph.D. topic are described briefly.
Risk Assessment and Risk Assessment Matrix Presentation
The document discusses the process of conducting a risk assessment. It defines risk assessment as identifying potential harms or dangers in the workplace and determining their likelihood and impact. The document outlines a 5-step process for risk assessment: 1) identify hazards, 2) analyze risks, 3) evaluate risks, 4) control risks, and 5) monitor and review risks. It also discusses using a risk matrix to help prioritize risks based on their probability and potential impact. The risk matrix assigns quantitative values to probability and impact to calculate the overall risk rating.
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Risk-Management-presentation for cooperatives
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Agile issue and risk management sunny1
- A risk is an uncertain event that could impact plans if realized, while an issue is a risk that has already occurred. Risk management aims to prevent risks or minimize their impact.
- Agile risk identification occurs through requirements workshops, planning poker, daily scrums, sprint reviews, and retrospectives. Risks are assessed based on probability and impact.
- Common risk responses are mitigation, avoidance, containment, and evasion. Risks are regularly reviewed to ensure appropriate response and optimize the process.
- Agile addresses issues daily in scrums and tracks reoccurring issues using snakes or calendars to improve over time.
Corporate and Project Risk Management Toolkit
This Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants specialized in risk management. It will help you easily identify, assess, prioritize and mitigate the key risks & issues of your project or company. It includes all the Frameworks, Tools & Templates to help your increase your risk management skills and the risk management capability of your company. This Slideshare Powerpoint presentation is only a small preview of our Toolkit. You can download the entire Toolkit in Powerpoint and Excel at www.slidebooks.com
Risk Management
This document defines key concepts in risk management and integrated risk management. It outlines the 5 key steps to risk management: 1) plan risk management, 2) identify risks, 3) analyze risks, 4) plan risk responses, and 5) monitor and control risks. It also describes different approaches to responding to negative and positive risks, such as avoiding, mitigating, transferring, or accepting negative risks and exploiting, enhancing, sharing, or accepting positive risks. The goal of integrated risk management is to take a more coordinated approach to risk identification and response across an organization.
Risk Management with SpiraPlan by Inflectra
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Project Risk Management
Project Risk ManagementWe Learn - A Continuous Learning Forum from Welingkar's Distance Learning Program.
In this presentation, we will discuss about risk, project risk and four broad strategies to handle risk. We will also talk about the role of buffers and contingency plan in risk management, project tracking meetings.
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http://www.welingkaronline.org/distance-learning/online-mba.html
Risk Management Toolkit
The document provides an overview of a risk management toolkit created by management consultants. The toolkit includes frameworks, tools, templates, tutorials, and best practices to help users define their risk management strategy and identify, assess, prioritize, mitigate and monitor risks. It outlines a 7-phase risk management approach. The summary highlights that the toolkit aims to provide a systematic approach to risk management and informed decision making.
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Risk
This document provides an overview of risk management, including what it is, who uses it, and how it is applied in customs. Risk management is a systematic process to identify, analyze, and address risks. It involves establishing the context, identifying and analyzing risks, evaluating them, treating risks, and ongoing communication, monitoring and review. Customs administrations use risk management principles strategically, operationally and tactically to facilitate trade while maintaining control over cross-border movement of goods and people. Key aspects of applying risk management in customs include risk profiling, targeting high-risk transactions for examination, and regularly reviewing and updating risk assessments.
Risk
The document discusses risk management, providing information on what it is, who uses it, and how it is used. Specifically:
- Risk management is a logical methodology used to identify, analyze, treat, and monitor risks in any activity or process.
- It is widely used in both public and private sectors, including finance, insurance, healthcare, governments, and more.
- The risk management process involves establishing context, identifying risks, analyzing risks, evaluating risks, treating risks, and ongoing communication and review.
Risk
The document discusses risk management, providing information on what it is, who uses it, and how it is used. Specifically:
- Risk management is a logical methodology used to identify, analyze, treat, and monitor risks in any activity or process.
- It is widely used in both public and private sectors, including finance, insurance, healthcare, governments, and more.
- The risk management process involves establishing context, identifying risks, analyzing risks, evaluating risks, treating risks, and ongoing communication and review.
MS&L Issues & Crisis
The document discusses crisis and issues management. It defines a crisis as an event that can cause harm, interrupt business operations, or damage reputation. Crises can have many negative consequences such as loss of life, lowered productivity, and damage to brand reputation. Effective crisis strategy involves monitoring potential issues, practicing issues management to prevent crises from developing, and having solid crisis planning to respond quickly and control the situation if a crisis occurs. Issues management helps identify issues that could become crises and allows organizations to respond responsibly before a crisis develops.
Risk Management
Risk management involves systematically considering potential risks, problems, or disasters and establishing procedures to avoid, minimize, or cope with their impact. It begins by identifying what can go wrong, what will be done to prevent issues, and what actions will be taken if problems do occur. Setting up a risk management system includes designating a risk manager and reviewing risks. Risks are then prioritized and addressed, with high probability and high impact risks handled first. While not all risks can be eliminated, the goal is to reduce losses from unavoidable risks through avoidance, minimization, and insurance.
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Project risk management: Techniques and strategies
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Risk mgt
- 1. Start Up: Risks Key
- 4. Risks, issues, and problems Risks Problems Issues Resolved Where proactive action is needed become Materialize into Needing time to resolve become That are completed Dealt with immediately
- 6. Risk assessment matrix High Medium Low High Low Medium IMPACT PROBABILITY Maximum Risk Major Risk Major Risk Significant Risk Significant Risk Significant Risk Minor Risk Minor Risk Minor Risk
- 7. Having classified the risks and issues, register them, ... Click here to type bulleted text Risk / Issue Potential Impact Probability Action (Now or future) Owner When by / trigger ..... and monitor them Timing
Editor's Notes
- SAY : Per the PPM Method, the difference between a risk, an issue, and a problem is that: A risk is an issue that has not yet happened. An issue is a risk that has happened. A problem has also happened, and it is something that you can handle yourself. SAY : This diagram comes from the PPM method. Let’s get back to our risk management process.
- SAY : This is a review of the Risk Management process defined in session 6, “Quality and risk management” SAY : The steps in the process are: 1. Identify 2. Assess - as per the impact / probability matrix (coming in the next slide) (Looks like a Rubic’s cube in this picture!) 3. Plan actions to mitigate - plan actions in the integrated project plan! 4. Control (the picture indicates juggling many things to keep risks under control)
- SAY: The next step in the risk management process after identification is assessment. We categorize each identified risk in terms of the likelihood it will happen, and the impact it would have if it did happen. SAY : The chart shown in this slide has probability on the horizontal axis and impact on the vertical axis. SAY: Risks that are characterized as high impact or high probability require the most immediate mitigating action. ASK: Based on this chart, which color risks should be dealt with first? ANSWER : Red, then yellow. SAY : The next two steps in the risk management process involve planning mitigating actions, and then controlling risk by monitoring existing risks and watching out for new risks. ASK : Do Team Leaders and project managers need to enter the mitigating actions into the integrated project plan? ANSWER : Yes! That’s why it’s called the integrated plan! Also, a single integrated project plan can facilitate the identification of interdependencies and risks associated with those interdependencies. Example: Traffic jam and getting fired by board of Dir. / Staffing - I need someone in 2 weeks…or…the team moves to Montana.