risk
- Created by: stonesy71
- Created on: 14-08-20 10:39
View mindmap
- 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
- Assumptions Analysis
- Benefits of Risk Management
- Credible
- identifies responsibility
- professional
- discourage acceptance of non-justifications
- leads to most suitable contract
- Org attitudes
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