When autocomplete results are available use up and down arrows to review and enter to select. Touch device users, explore by touch or with swipe gestures.

Risk Management

62 Pins
 28w
Collection by
With each project comes risk and that’s where a risk management process comes in. Managing risk is something that all project managers are responsible for, both in terms of risk assessment and mitigation strategy. Risk assessment involves both identifying, analyzing and evaluation of the risk and its potential impact. A risk mitigation plan is used to limit the potential damage capable and/or done by any given risk. Risk events can be defined as events that have a negative impact on the Risk Management, Project Management, Analyze, Defined, Assessment, Explained, Terms, Strategies, No Response
The Risk Management Process Explained
With each project comes risk and that’s where a risk management process comes in. Managing risk is something that all project managers are responsible for, both in terms of risk assessment and mitigation strategy. Risk assessment involves both identifying, analyzing and evaluation of the risk and its potential impact. A risk mitigation plan is used to limit the potential damage capable and/or done by any given risk. Risk events can be defined as events that have a negative impact on the
tensixconsulting.com
tensixconsulting.com
The risk identification stage of any project is a great opportunity to brainstorm and review all the things that may present problems later on. However, what you end up with afterward is a giant list of risks. It’s even worse when you combine risks at the program or portfolio level and try to prioritize. How do you know what to focus on? A giant database of risks from multiple projects is hard to manage: they’ve probably been entered in a random order as project managers sent them to the PMO and Prioritize, To Focus, Unusual, Brainstorm, Database, Opportunity
3 Unusual Ways to Categorize Risk
The risk identification stage of any project is a great opportunity to brainstorm and review all the things that may present problems later on. However, what you end up with afterward is a giant list of risks. It’s even worse when you combine risks at the program or portfolio level and try to prioritize. How do you know what to focus on? A giant database of risks from multiple projects is hard to manage: they’ve probably been entered in a random order as project managers sent them to the PMO and
tensixconsulting.com
tensixconsulting.com
3 Common Mistakes Businesses Make with Risk Management Processes Earned Value Management, Mistakes, Common, Process, Learning, Business, Studying, Teaching
3 Common Mistakes Businesses Make with Risk Management Processes
3 Common Mistakes Businesses Make with Risk Management Processes
Your projects have risk management plans and you may even be running simulations on particular risks identified by the project team. But do project managers in the organization routinely include implicit risk in their plans? Explicit risks are the obvious ones: the risk events that might happen and have the potential to cause problems for the project. These are the risks identified, analyzed, and controlled through a risk register and active management plans. Implicit risks are slightly harder Administration, Ten, Mission, How To Plan, Obvious, Active
Are You Managing Implicit Risk Effectively?
Your projects have risk management plans and you may even be running simulations on particular risks identified by the project team. But do project managers in the organization routinely include implicit risk in their plans? Explicit risks are the obvious ones: the risk events that might happen and have the potential to cause problems for the project. These are the risks identified, analyzed, and controlled through a risk register and active management plans. Implicit risks are slightly harder
tensixconsulting.com
tensixconsulting.com
I headed out without an umbrella yesterday – and given the look of the sky, that was quite the risk. It paid off as I made it back home before the storm started. Risk is everywhere, and your business is full of it. Projects are a specific risk zone because they focus on delivering new things and perhaps working in new ways. Newness always brings an element of risk with it. If you are starting a new project, or considering your internal risk management processes, it helps to have a list as a Majors, Back Home, Yesterday, Headed, Zone, Projects, Element, Umbrella
4 Major Sources of Risk in a Project
I headed out without an umbrella yesterday – and given the look of the sky, that was quite the risk. It paid off as I made it back home before the storm started. Risk is everywhere, and your business is full of it. Projects are a specific risk zone because they focus on delivering new things and perhaps working in new ways. Newness always brings an element of risk with it. If you are starting a new project, or considering your internal risk management processes, it helps to have a list as a
tensixconsulting.com
tensixconsulting.com
Project managers, PMO leaders and team members responsible for risk should know the difference between risk events and project risk. Do you know how they are different? Here’s our complete guide to understanding how these concepts work and how they impact the projects your teams are leading. Project Yourself, Complete Guide, Different, Did You Know, Members, Leader
Risk Events and Project Risk: Know the Differences
Project managers, PMO leaders and team members responsible for risk should know the difference between risk events and project risk. Do you know how they are different? Here’s our complete guide to understanding how these concepts work and how they impact the projects your teams are leading.
tensixconsulting.com
tensixconsulting.com
What makes enterprise risk management (ERM) different from project or team-based approaches to risk management? While many of the principles are the same, there are some core differences that you should consider as you introduce risk management on an enterprise-wide basis. Tech Companies, Tech Company Logos, Erm, Consulting, Principles, Enterprise, Introduce, Approach
How to ‘Enterprise’ Your Risk Management (ERM)
What makes enterprise risk management (ERM) different from project or team-based approaches to risk management? While many of the principles are the same, there are some core differences that you should consider as you introduce risk management on an enterprise-wide basis.
tensixconsulting.com
tensixconsulting.com
A risk committee is an important part of risk governance across the organization. But what is it and what does it do? At the corporate level, the risk committee is there to assist the board with strategic risk management at an organizational level. For many companies, risk is one of the responsibilities of the audit committee. Presentation Design Layout, Layout Design, Audit, Committee, Strategic, Corporate
What Does a Risk Committee Do?
A risk committee is an important part of risk governance across the organization. But what is it and what does it do? At the corporate level, the risk committee is there to assist the board with strategic risk management at an organizational level. For many companies, risk is one of the responsibilities of the audit committee.
tensixconsulting.com
tensixconsulting.com
A core component of risk management is being able to assess the impact a risk could have on your project or business. Once you’ve identified a risk, you need to gather more information about it and use your professional judgement, amongst other data-driven tools, to think strategically about how it might affect the project. Data Driven, Core, Improve, Techniques
The Pros & Cons of Common Risk Assessment Techniques
A core component of risk management is being able to assess the impact a risk could have on your project or business. Once you’ve identified a risk, you need to gather more information about it and use your professional judgement, amongst other data-driven tools, to think strategically about how it might affect the project.
tensixconsulting.com
tensixconsulting.com
Risk workshops are a common way of kicking off the risk management process, either for a project, program or as an activity as part of corporate risk management. Workshops are fantastic as the team comes together to share their expertise, helping you uncover more and get further with your risk plans than you would be working in smaller groups with multiple sessions. Corporate Risk Management, Expertise, Small Groups, Workshop, Multiple, Activities
Workshop Techniques for Risk Management
Risk workshops are a common way of kicking off the risk management process, either for a project, program or as an activity as part of corporate risk management. Workshops are fantastic as the team comes together to share their expertise, helping you uncover more and get further with your risk plans than you would be working in smaller groups with multiple sessions.
tensixconsulting.com
tensixconsulting.com
Enterprise Risk Management (ERM) underpins so much of what it takes to run a successful business. When your risk management is handled professionally, you can reap the benefits – as we’re sure you’ve heard before. Reap The Benefits, Underpinning, Successful Business, What It Takes
The Benefits of Enterprise Risk Management (ERM)
Enterprise Risk Management (ERM) underpins so much of what it takes to run a successful business. When your risk management is handled professionally, you can reap the benefits – as we’re sure you’ve heard before.
tensixconsulting.com
tensixconsulting.com
The risk manager’s role is key to ensuring the business is proactively thinking about and planning for future events. Risk management is more than ever an essential part of how you run your business. While you might not be able to see one of Nassim Nicholas Taleb’s ‘black swans’ coming, you can take reasonable steps to manage the risk your company is exposed to. Nassim Nicholas Taleb, Swans, Exposed, Role, Events, Future, Company
What Does a Risk Manager Do?
The risk manager’s role is key to ensuring the business is proactively thinking about and planning for future events. Risk management is more than ever an essential part of how you run your business. While you might not be able to see one of Nassim Nicholas Taleb’s ‘black swans’ coming, you can take reasonable steps to manage the risk your company is exposed to.
tensixconsulting.com
tensixconsulting.com
When Should You Do Training in Risk Management?
When Should You Do Training in Risk Management?
tensixconsulting.com
tensixconsulting.com
The risk management process is an essential part of the overall way your organization responds to risk. And when the business environment feels inherently risky – such as in times of economic turbulence, transition or disruption – it’s worth taking a little time to review your risk management approach. It Risk Management, Senior Management, Operations Management, Business Management, Business Strategy, Business Tips, Skilled Nursing Facility, Risky, Roadmap
The Risk Management Process Explained
The risk management process is an essential part of the overall way your organization responds to risk. And when the business environment feels inherently risky – such as in times of economic turbulence, transition or disruption – it’s worth taking a little time to review your risk management approach.
tensixconsulting.com
tensixconsulting.com
Project Risk Management, Deployment, Registered, Marketing, Design
How to Design a Risk Register
tensixconsulting.com
tensixconsulting.com