Managing risks

1. Managing risks

2. “If You Don’t Actively Attack the Risks,

3. The Risks Will Actively Attack You.”

-Tom Gilb

4.

Cause
Context
Given
RISK
Impact on project result
What happens
Uncertauin
Possibly

5. Risk management processes

Planning risk management
Identification of risks
Qualitative analysis of risks
Quantitative analysis of risks
Risk response plan
Control and monitoring

6. Risk analysis

• List all the risks and how you plan to react
• Qualitative analysis – “Importanceprobability” matrix
• Quantitative assessment of risks’ effect

7. 4 strategies of risk management

Case: «I may get a brick bump into my
head»
1. Acceptance: «Well, that may happen,
with God’S will»
2. Mitigation: «I wear a helmet when at
the construction site»
3. Aversion: «I always wear a helmet»
4. Delegation: «I buy insurance policy»
Дороже
4 strategies of risk management

8. Matrix «Probability-Importance»

Риск 1
Риск 2
Риск 3
Low
High
Importance
Probability
Low
High

9.

Risk categories
Time and schedule risks
Cost risks
Quality risks
Resource risks
Stakeholder satisfaction risks
Project content risks

10. Список рисков проекта

• Forms the basis of the risk management plan
• Should provide convenient tool for qualitative
and quantitative analysis
• Each company uses own templates