What is Risk & Risk management

RISK DEFINITION:

Risk is an event that may happen and will have negative or positive affect on the company or department or project or person success. Unfortunatelly usually we do not give enough attention to it until real and seriuos problem or crisis happen. Below you will find initial information to start-up with risk and risk management :-)

RISK MANAGEMENT PURPOSE:

Risk management purpose is to identify, assess and control uncertainty e.g. risks and, as a result, improve the ability of the company or department or project or person to succeed.

So risk management in other words is one of competences that influence your or your company success.

RECOMMENDED RISK MANAGEMENT PRACTICES:

Somewhat Risk guide should be used with defined risk management procedure

Risk register should be created and used on regular basis

Risk management procedure must be executed

Risk management information must be kept in safe place

Lessons learned should be captured and passed for the future needs

RISK MANAGEMENT TAILORING PRACTICES:

Here are just some limited number of management practices.

Risk register template should be used

Appoint Risk owner for each risk

Use risk reserves where necessary

Define risk expression using 1) Cause, 2) Event, 3) Effect approach ( more information find in Risk identification)

Use different risk management strategies (more information find in Risk response planning)

Review key risks & decisions including risk summary in Business case if used

FEW EXAMPLES from T RISK REGISTER🔺:

JUMP TO OTHER TOPICS :

• Risk management practices
  • What is risk management
  • Business risk management
  • Department risk management
  • Portfolio risk management
  • Project risk management
  • Personal risk management
  • Agile risk management
  • IT risk management
  • Risk register
  • Risk owner
  • Risk management steps
  • Risk identification
  • Risk assestment
  • Risk response planning
  • Risk decisions
  • Risk response implementation
  • Risk communication
  • Risk brakedown structure
  • Risk management guide
  • Contigency plans for crisis
  • Success factors
• Examples
  • Business risk management
  • Department risk management
  • Project risk management
  • Personal risk management
  • Risk brakedown structure
  • Risk management guide

Recommended applications for Jira Cloud

• T Risk Register & DOWNLOAD here