Browsing All posts tagged under »Risk Register«

Risk from a Business Analysis Perspective

December 29, 2010 by

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The International Institute of Business Analysis was founded just a few years ago in 2003. In terms of professional associations it’s a new kid on the block.  Yet in a short time it’s made a profound impact on the discipline and profession of business analysis. One success factor of The IIBA for making a swift […]

Secondary Risk versus Residual Risk

December 28, 2010 by

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Synonymous term or a different term, that’s a common question we receive in our course delivery for secondary versus residual risks. Those two terms do sound quite a bit a like.  Are they? They’re similar concepts but are different! Secondary risk occurs once a risk event triggers and the appropriate management response strategy deployed.  The […]

Risk Types from Auditing

December 22, 2010 by

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Don’t start from scratch.  Reuse and recycle.   Learn from others.  Those three quick statements for learning  apply to risk management.  Identifying potential risks, good and bad, can be a cumbersome process.  To hasten  the process, discover what risk are common for your industry, whether that’s construction, information technology, product development or public power.  Use those […]

Risk Management Approaches

December 2, 2010 by

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Weaving throughout the Business Analysis Body of Knowledge (BABOK), ISACA content & CobiT, Lean Six Sigma best practice and the Project Management Body of Knowledge (PMBOK) / PRINCE 2 is the concept of proactively managing risk.  Risk is based on a probability of an event occuring (positive and negative) and the impact should that even […]

Perform Quantitative Risk Analysis Process

April 6, 2009 by

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Perform Quantitative Risk Analysis is one of the 42 project management processes described in the fourth edition PMBOK®. It’s one of the six Risk knowledge area processes, and one of the twenty Planning processes. The purpose of this process is to numerically analyze the effects of project risks. This can be time-consuming, so it typically […]

Perform Qualitative Risk Analysis Process

April 3, 2009 by

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Perform Qualitative Risk Analysis is one of the 42 project management processes described in the fourth edition PMBOK®. It’s one of the six Risk knowledge area processes, and one of the twenty Planning processes. The purpose of this process is to perform a qualitative risk analysis, which prioritizes risks based on their probability of occurring […]

Identify Risks Process

April 2, 2009 by

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Identify Risks is one of the 42 project management processes described in the fourth edition PMBOK®. It’s one of the six Risk knowledge area processes, and one of the twenty Planning processes. The purpose of this process is to document the risks along with their characteristics in the Risk Register that may affect the project. […]