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Browsing All posts tagged under »Risk Strategies«
Risk Types from Auditing
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 Dave Kohrell
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 […]
Risk Treatment
May 4, 2010 by tapuniversity
Selecting how to respond to specific risks is called Risk Treatment. This may also include writing a plan and actually implementing these responses. Risk Treatment is not a term found in the fourth-edition PMBOK® but the concept is there nonetheless. The PMBOK’s Plan Risk Responses process is where one selects how to respond to individual […]
Positive Risk Strategies
April 1, 2009 by tapuniversity
For a project manager, a risk is an uncertain event. This potential event could be either desired (positive) or undesired (negative). A positive risk may be referred to as an opportunity, and a negative risk may be referred to as a threat. There are three unique strategies used for handling positive risk (exploit, share, and […]
Negative Risk Strategies
March 31, 2009 by tapuniversity
For a project manager, a risk is an uncertain event. This potential event could be either desired (positive) or undesired (negative). A positive risk may be referred to as an opportunity, and a negative risk may be referred to as a threat. There are three unique strategies used for handling negative risk (avoid, transfer, and […]
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December 22, 2010 by Dave Kohrell
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