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 […]
Principles of Risk Management Plan
There are certain principles of risk management process which should be considered while drafting a risk management plan and they are: 1. Such value resources should be created that when expended for the mitigation of risk, the consequence of in-action should be less i.e., to say the gain should be […]
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 […]