Risk Management: Tools and Techniques

Identify showstoppers before considering project feasibility

Get rid of project risk through a systematic process of planning, identifying, analyzing, responding to, monitoring and controlling change.

Manage risk from a centralized location

Enable management to identify and plan for contingencies and countermeasures to reduce project risk impact
Establish a formal project risk management framework that includes identifying, analyzing, responding to, and mitigating, monitoring and controlling risks.

Don't let project risks go undetected  

Maintain and review a project risk register of all potential project risks, and maintain a log of all project issues and their resolution. Analyze the log periodically for trends and recurring problems, to ensure that root causes are corrected.

by Institute of Management Accountants 

Tools and techniques covered include:

• Risk Identification Template
• Influence Diagram
• Quantifying Risk: Determine the Drivers
• Qualitative and Quantitative Approaches to Risk Assessment
• Risk Map
• Risk Map Model
• Gain/Loss Probability Curve

You can't eliminate risk

Get everything here: ENTERPRISE RISK MANAGEMENT: TOOLS AND TECHNIQUES FOR EFFECTIVE IMPLEMENTATION  |  @IMA_News

A CONTINUOUS RISK MANAGEMENT PROCESS

RISK MAP MODEL

PROJECT RISK BOARD GAME

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