Risk Management
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Transcript of Risk Management
risk managment is often considered boring because it
smells of grey suits and playing safe
but think of it this way :
what worries you about your project?
risk assessment as the chance to put
down everyting that worries you; what
could go wrong
• 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
• allows you to recognise and deal with problems
early• transfers responsibility to
right people• jisc prefers openness,
acceptance and solutions
•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)
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
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
http://www.flickr.com/photos/bng/25164905/ - Risk (game)http://www.flickr.com/photos/loop_oh/3230700469/ - Risk (grave)