Risk management is always a ticklish issue in terms of who drives the process and owns it. In a typical non-scrum project, the Project Manager is the one expected to drive and own the risk management process, and also has authority for ensuring that the risks that come up in the project are evaluated and […]
There are various areas where risk management holds very important and this is what we are going to discuss in this article:
1. Enterprise Risk Management: Here the risk in question is the one that has negative influences on an enterprise. The impact of the risks can affect the existence of the enterprise as well […]
Risk management is a combination of the following 3 processes: 1. Risk identification 2. Risk assessment and 3. Risk prioritization
“Risks have been defined as the effect of uncertainty on objectives either positive or negative” as defined in the ISO 31000.
In the risk management process the above mentioned three processes are followed by […]
After the context has been established, the next step in the process of risk management i.e. the risk identification is carried out with the aim of catching all the potential risks. The risks that are to be identified are actually the events which on triggering cause issues and problems.
Ideally, the process of risk identification […]