Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Download
Standard view
Full view
of .
Look up keyword
Like this
58Activity
0 of .
Results for:
No results containing your search query
P. 1
Project Risk Management

Project Risk Management

Ratings: (0)|Views: 1,617|Likes:
Published by Rasha Daim

More info:

Published by: Rasha Daim on Nov 13, 2009
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

11/28/2012

pdf

text

original

 
1
1
Project Risk Management
BySami Fahmy, Ph.D, P. Eng, PMP
ENG M 680
Lecture 1
Introduction to Risk andRisk Management
2
Agenda
Introduction to general riskDefinition of risk and relatedtopicsPersonal approach to riskTypes of risksRisk factorsRisk in a project environmentRisk management processes
3
Course Objective
Learn how to manage risk more effectivelyBecome familiar with risk and relateddefinitionsIdentify and understand techniques for determining risk sourceIdentifying causes and effects of the risksDevelop a frame of work that will help youmake decisionsLearn more about your own willingness totake risks
4
Risk
A course of action or inaction takenunder conditions of uncertainty whichexposes the risk taker to possibleloss, or gain to reach a desiredoutcomeAn undesirable situation or circumstance that is likely to cause aharm or a loss
5
RISK isEverywhere
6
Risk is all around us
To live is to risk dyingTo laugh is to risk appearing thefoolTo hope is to risk despair To love is to risk not being loved inreturn
 
2
7
CanWeEliminateRisk?CanWeAvoidRisk?
8
Let us think about risk
One who risks nothingDoes nothingHas nothingand is nothing
9
3 Types of Personal Risk
Physical riskEmotional riskFinancial risk
10
Why People take Risks
ProfitRewardsExcitementBenefitsStupidity
11
What is the biggest risk youhave ever taken?
What was your greatest fear?How did you feel?Were you discouraged or encouragedby others?What is the worst that could happen?What is the best that could happen?
12
Risk Guiding Principles
Learning and personal growthrequires taking risksTake only these risks, where youcan handle the lossAdjust risks that are too much togamble withAccept that the price of risk is anoccasional failure
 
3
13
Hazard is
An situation or condition thatis likely to cause a harm or aloss under certaincircumstance (Dangerouscondition)Hazard is a prerequisite toriskHazard is a condition not anevent
14
Risk tolerance
The amount of risk that isacceptable to the individual,organization or clientIt may be different from theindividuals working in thatorganization
15
Issues, Problems, and Risks
Issues: any thing that requires theproject manager attentionProblem: A thing or an event that hasgone wrong and require action tocorrectRisk:Potential problem or event thatmay occur and if it occurs will causeharm
16
Crisis
An unplanned event or possiblesituation which triggers a real or perceived or possible threat to safety,health or to the environment or to to anorganizational reputation
17
UnderstandingRisk
18
Understanding Risk
Risk happens as a result of a causeIf it happens ( Probability)it will result in (an impact or effect)Examples

Activity (58)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
fkkfox liked this
Yasir Shafi liked this
arkonin_cl liked this
monela79 liked this
Muhammad Sheraz liked this
Salam Ukhwah liked this
samimahmad liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->