risk

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  • Created by: stonesy71
  • Created on: 14-08-20 10:39
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  • Risk management
    • Org attitudes
      • Risk seeking
      • Risk adverse
      • Risk neutral
    • Cause
    • Event
    • Effect
    • PRAM (Project Risk Analysis and management)
      • Initiate
      • identify
      • assess
        • Threats/ oppotrunities
      • response
        • Consider secondary/ residual risks
    • Identify tools
      • Assumptions Analysis
        • PRO: stakeholders have common understanding
        • CON: only likely to identify low risks
      • Constraints Analysis
        • PRO: Good at identifying opportunities
        • CON: If a constraint cant be changed it may assume nothing can be done
      • Check Lists
        • PRO: uses experience, prevents repeitition of errors
        • CON: may miss risks
      • Prompt List
        • PRO: makes team think about multiple areas
        • CON: doesnt go into depth
      • Brainstorms
        • PRO: Quick
        • CON: bias
      • Interviews
        • PRO: allows for in depth
        • CON: time consuming
      • SWOT
        • PRO: balanced view/ pos and neg risks
        • CON: can over simplify - may not be categories for it
    • Benefits of Risk Management
      • Credible
      • identifies responsibility
      • professional
      • discourage acceptance of non-justifications
      • leads to most suitable contract

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