Risk Management

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description

Why Risk Management is more interesting and useful than you think

Transcript of Risk Management

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risk managment is often considered boring because it

smells of grey suits and playing safe

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but think of it this way :

what worries you about your project?

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risk assessment as the chance to put

down everyting that worries you; what

could go wrong

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• obvious things but also

• nagging things• stuff that’s actually not under

your control• assumptions

• stuff that shouldn’t happen but could

• stuff that keeps you up at night

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• allows you to recognise and deal with problems

early• transfers responsibility to

right people• jisc prefers openness,

acceptance and solutions

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•AcceptanceAccept the possibility and develop contingency(For lower risk scores)

• AvoidanceAdding to or changing plan so risk no longer a possibility

• ReductionReducing the probability or impact of the risk

• Transfer Moving the impact (and ownership) of the risk to a third party (outside project or instituion)

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Once a risk , it should be assessed, monitored,

updated at regular intervals (e.g. project meetings) –

useful to circualte to senior managment, esp when there

are risk scores

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What now?

• Work on risks within the project plan• Less bothered (at the moment) about rating them• Write down obvious and less obvious risks• Discuss with your group (20 mins)

•General discussion at end (10 mins)

More info on Risk Management at JISC InfoNet

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http://www.flickr.com/photos/bng/25164905/ - Risk (game)http://www.flickr.com/photos/loop_oh/3230700469/ - Risk (grave)