Risk management

Each human endeavor has a risk element; personal, project or financial, or a combination of these. The person in charge is responsible for identifying the risk and acting accordingly. All of these "risky" things, almost daily, aware of the risk we undertake. Instead of keeping away from the risk, we consciously identify and pursue a strategy if the risk is realized. This is about risk management and an ability that is important in each effort.

The popular misinterpretation that risk management is difficult or complicated comes from the bureaucratic methodology of some system-oriented organizations and executives. It's complicated or bureaucratic, and you do not have to. Risk management is basically a simple solution whose complexity is tailored to the nature of the situation – typically a project and the parties involved. The basic form of risk management objectives is:

1. Identifying risk – Looks for things that distort the project's performance against the original requirements. Risks may be environmental, organizational, technical, legal, economic or commercial risks.

2nd Risk reduction – Action to eliminate or reduce the likelihood of a risk. The answer depends on the nature or severity of the risk.

3rd When a risk event occurs – Any potential emergency measure is introduced due to the risk involved.

And for this to happen, it requires:

4. Supervision at all stages – This typically involves documenting a risk assessment in a profile that identifies the risk, the likelihood and its effect if this occurs. The most important factors are the factors that require the utmost attention and attention. A good risk manager develops contingency plans that reduce the likelihood or impact of a case and thus remove them from the site.

In work within the formal, structured management system under ISO9001, the use of risk assessment practices meets the requirements of the standard. Auditors of such systems find no specific references to risk management in these areas, despite the fact that the potential for failure identified (8.5.3) is entirely about a subject that is nothing more than risk management.

Well-managed risk assumption is a key feature of any forward looking business, as risk is an element of development or progress. This is the adoption of effective risk management, in conjunction with the ongoing need to move from a comfortable situation that will bring about progress and progress. We will do everything because the risks seem negligible or well-known and that progressive organizations can not be accepted. It is unacceptable to follow the new ideas without understanding the strategy for the potential benefits, the proper planning, the perceived benefits and the handling of them. We have to deal in a way that is predictable or accuserable. Risk assessment is a basic tool to support the strategy. We ignore our dangers …

Copyright (c) 2008 Ed Bones

Source by sbobet

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