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  • Risk Management Certification Program

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    Bagaskara Girindra
    15 views11 pages
    The document discusses a risk management certification program and outlines strategies for understanding risk responses. It describes identifying common risk responses during the planning stage, such as including contingency reserves or adjusting schedules. The document also discusses developing appropriate responses to known risks that can be predicted as well as unknown risks that are unforeseen.

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    Original Title

    25.1.7.+Understanding+Risk+Responses

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    The document discusses a risk management certification program and outlines strategies for understanding risk responses. It describes identifying common risk responses during the planning stage, such as including contingency reserves or adjusting schedules. The document also discusses developing appropriate responses to known risks that can be predicted as well as unknown risks that are unforeseen.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    15 views11 pages

    Risk Management Certification Program

    Uploaded by

    Bagaskara Girindra
    The document discusses a risk management certification program and outlines strategies for understanding risk responses. It describes identifying common risk responses during the planning stage, such as including contingency reserves or adjusting schedules. The document also discusses developing appropriate responses to known risks that can be predicted as well as unknown risks that are unforeseen.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 11

    RISK MANAGEMENT CERTIFICATION PROGRAM

    PLANNING RISK MANAGEMENT


    UNDERSTANDING RISK RESPONSES

    PLANNING RISK MANAGEMENT


    ‣ RECOGNIZE EXAMPLES OF
    COMMON RISK
    RESPONSES

    UNDERSTANDING
    RISK RESPONSES
    ‣ RISK MANAGEMENT
    ‣ REDUCING UNCERTAINTY
    ‣ DETERMINING
    APPROPRIATE
    RESPONSES

    UNDERSTANDING
    RISK RESPONSES
    ‣ DEVELOPING
    APPROPRIATE RESPONSES
    ‣ START DURING THE
    PLANNING STAGE
    ‣ HOW EFFECTIVE YOUR
    PLANNED RESPONSE
    WAS

    UNDERSTANDING
    RISK RESPONSES
    ‣ INCLUDE A CONTINGENCY
    RESERVE
    ‣ ADJUST THE SCHEDULE
    ‣ STACK RESOURCES
    ‣ CHANGE THE SCOPE

    UNDERSTANDING
    RISK RESPONSES
    ‣ EG. A CONSTRUCTION
    PROJECT SETS AN
    AGGRESSIVE SCHEDULE
    ‣ A CONTINGENCY RESERVE

    UNDERSTANDING
    RISK RESPONSES
    ‣ KNOWN UNKNOWNS
    ‣ RISKS THAT YOU CAN PREDICT
    AND MITIGATE
    ‣ YOU CAN IDENTIFY EARLY ON
    THE PROJECT
    ‣ EG. BUDGET OVERRUNS
    ‣ EG. CUSTOMER CHANGING THE
    SCOPE

    UNDERSTANDING
    RISK RESPONSES
    ‣ UNKNOWN UNKNOWNS
    ‣ UNFORESEEN EVENTS
    THAT NO ONE IDENTIFIED
    ‣ EG. A NATURAL DISASTER
    ‣ EG. COMMUNICATION
    BREAKDOWNS

    UNDERSTANDING
    RISK RESPONSES
    ‣ DEVELOP AN APPROPRIATE
    RESPONSE
    ‣ ADJUSTING THE
    SCHEDULE
    ‣ INCREASING THE BUDGET
    ‣ MOVING STAFF ON THE
    PROJECT

    UNDERSTANDING
    RISK RESPONSES
    RISK MANAGEMENT CERTIFICATION PROGRAM

    PLANNING RISK MANAGEMENT

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