Risk Management
Risk Management
Assessment
Your Company Name
Content
Introduction
› Risk Management- Introduced › Risk Categories
› Types of Risk › Identify Risk Categories
Stakeholders Engagement
› Risk Appetite › Risk Tolerance
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Introduction
Risk Management-
Introduction
Types of Risk
Risk Categories
Identify Risk
Categories
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Risk Management- Introduction
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Types of Risks (1/2)
Internal Risks
External Risks
Strategic Operational Enablers
Regulatory
Strategic Planning Processes Financial
Economical
Ethics & Values Business Interruption Technology
Socio- Political
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Types Of Risks (2/2)
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Risk Categories
Product Design System/ Software Manufacturing All Other Project Management Quality
Product Performance Data Accuracy Assembly Consumer service Team work Quality system
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Identify The Risk Categories
Financial Capacity 3
Low Price
Operational Capacity 3
Develop New
product
Operational Availability 4
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Stakeholder Engagement
Risk Tolerance
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Stakeholders Risk Appetite
Exceeding Risk
Appetite This slide is 100% editable. Adapt it
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Medium
Impact
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Risk Tolerance (1/2)
Ordinal Scale (example)
Insignificant fall <7% schedule 7-10% schedule 10-15% schedule 15-20% schedule
Schedule in schedule slippage slippage slippage slippage
Insignificant scope Minor areas of Major areas of Reduction Project end item
Scope decrease scope affected scope affected unacceptable is useless
Only demanding
Barely noticeable Reduction requires Reduction Project end item
Quality applications are
degradation approval unacceptable is unusable
affected
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Risk Tolerance (2/2)
Poor Project
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Impact
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Procedure
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Risk Management Plan
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Risk Register
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Risk Identification (1/2)
Consequences
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attention. Transfer Terminate attention.
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0 Likelihood
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Risk Assessment
Risk Rating Guide
Probability Impact Impact
> Major uncertainties remain > Performance, quality, cost or safety Low Medium High
> No or little prior experience or data impacts resulting in major redesign and
High (5) > Infrastructure and/or resources not in program delay
place Show
1 3 5 R
stopper
> Some uncertainties remain
> Performance, quality, cost and/or safety Significant
> Some experience and data exist High 5 15 25 O
Medium (3)
5
impacts resulting in minor redesign and risk
> Infrastructure in place but under-
schedule adjustment
resourced
Proceed
Medium
3 9 15 Y with
3
> Few uncertainties remain > Performance, quality, cost and safety caution
Low (1) > Significant experience and data exist requirements met within planned schedule
> Infrastructure in place and fully No
Low 1 3 5 G
1
concern
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Risk Assessment (Contd..)
Risk Scoring Results
Consequences
Likelihood 1 2 3 4 5
A. Almost Certain - - - - -
B. Likely - - - - -
C. Possible - - - - -
D. Unlikely - - - - -
E. Rare - - - - -
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Risk Analysis – Simplified Format
Impact to Project Priority
Risk Items (Potential Future Problems Derived Likelihood of Risk
if Risk Item Does (Likelihood *
from Brainstorming) Item Occurring
Occur Impact)
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Risk Analysis- Complex
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Critical Casualty Major non Likely Will probably occur once (every 5 year) Almost Certain S(A4) S(A3) H(A2) H(A1)
Likelihood
compliance
Event might occur at some time Likely M(B4) S(B3) H(B2) H(B1)
Medical Possible
Major Warning (10years)
treatment Possible L(C4) M(C3) S(C2) S(C1)
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Risk Response Plan
Responding to Risk
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Avoid Exploit it to your needs and capture your
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Negative Risk
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Positive Risk
audience's attention. audience's attention.
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Transfer Share it to your needs and capture your
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Accept Accept it to your needs and capture your
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Risk Response Matrix (1/2)
Contingency Who is
Risk Event Response Trigger
Plan responsible
Interface Mitigate: Test prototype Work around until help Not solved within 24
John
Problems comes hours
Mitigate: Test
User Demonstration Increase Staff Support
Call from top
Helen
Backlash management
Mitigate: Select
Hardware Reliable Vendor Order replacement Equipment fails Tom
Malfunctioning Transfer: Warranty
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Risk Response Matrix (2/2)
100
Design Changes
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Different Site Conditions
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Unrealistic Schedule
Probability
Weather Delays
Labor Productivity
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Defective Work
40 Equipment Failure
Retain Transfer
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0 10 20 30 40 50
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Risk Control Matrix
Risk Number
Assessment
Key Process
Secondary
Frequency
Category
Narrative
Number
Number
Control Control
Process
Primary
Control
Control
Control
Control
Control
Design
Owner
Process Risk
type
Objective Description
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Risk Tracker (1/2)
Risk
ID Description of Risk Impact High Level Risk Owner Notes
Response
1 Text Here Text Here Text Here Text Here Text Here Text Here
2 Text Here Text Here Text Here Text Here Text Here Text Here
3 Text Here Text Here Text Here Text Here Text Here Text Here
4 Text Here Text Here Text Here Text Here Text Here Text Here
5 Text Here Text Here Text Here Text Here Text Here Text Here
6 Text Here Text Here Text Here Text Here Text Here Text Here
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8 Text Here Text Here Text Here Text Here Text Here Text Here
9 Text Here Text Here Text Here Text Here Text Here Text Here
10 Text Here Text Here Text Here Text Here Text Here Text Here
11 Text Here Text Here Text Here Text Here Text Here Text Here
12 Text Here Text Here Text Here Text Here Text Here Text Here
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Risk Item Tracking (2/2)
Below is the template
which could be used to
track the risk factors
and the progress we
have made so far.
Monthly Ranking
Risk Items Number of Risk Resolution
This Month Last Month
Months
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Tools & Practices
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Risk Impact Analysis capture your audience's attention.
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Risk Impact and Probability Analysis
Impact Cost Time Quality
Require some additional Slight slippage against key Failure to include certain
Low funding from Institution milestones or published targets ‘nice to have’ elements
Requires Significant additional Deley affects key stakeholders – loss Significant elements of scope for
Medium funding from Institution of confidence in the project functionality will be unavailable.
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Risk Impact & Probability Analysis
Probability Of
Impact Assessment Schedule Cost Performance
Risk Occurring
No impact on operational
0 No impact on schedule No increase in total cost
performance <5%
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Risk Mitigation Strategies
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Risk Mitigation Plan
Category Identified Risk Mitigation Plan
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Qualitative Risk Analysis
Each threat and opportunity will be further looked at for quality of data available and the risk ratings imparted
Project Risk (Threat and Opportunity) Matrix
Impact 1 2 3 4 5
Any Risk with a probability of over 80% will be treated as a fact and will be addressed in the Project Management Plan and not in Risk management. Risk
Threshold( which risks move forward) in the process and which one will be
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Quantitative Risk Analysis
Borrow money
Cost Risk
Find a partner to from the bank or
Insufficient funds ABC 5/31 Cost High .80 4 3.20
help share costs investor to fund
to support the bid
the effort
Risk Score values are between 1-4 (with 4 being the highest risk) or Risk Impact values are between 1 (insignificant) - 4 (Unable to meet
red, yellow, green, blue. objectives)
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Risk Management Process
Avoid
Risk Transfer
Respond to Risk
Identify Risk
Quantify Risk Quantify Risk Monitor & Learn and
Exposures Exposures Report Results Improve
Risk Reduction
Accept
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Risk Management Steps
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Establish the context
audience's attention.
Communication and Consultation
Risk Assessment
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Monitoring Review
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Risk Identification
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Risk Analysis audience's attention.
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Risk Evaluation audience's attention.
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Risk Treatment audience's attention.
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Risk Assessment Icon Slides
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Coffee Break
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Additional
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Bubble Chart 50
01 Product 40
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02 Product
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0
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Column Chart
10 01 Product 02 Product
Expenditure In ($ Billions)
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6
5
4
4 3.5
3
2.5
2 2
3.4
1.5 2.8
1 2 2.4
1.6 1.9
0.8 1
0.5
0
2010 2011 2012 2013 2014 2015 2016 2017 2018
Years
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100
90
Area Chart
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01 Product 60
30
20
02 Product
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Financial Year 2018
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Our Mission
Vision
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Mission
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Goal
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Our Team
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Financial
01
85%
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65%
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45%
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About Us
Target Audiences
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Preferred by Many
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Values Client
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Comparison
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40% 13%
60% 87%
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Puzzle
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Timeline
2015 2017
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Target
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Location
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Russia
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USA
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Venn
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Post It
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Silhouettes
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Lego
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Bulb Or Idea
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Magnifying Glass
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Thank You
Address:
# street number, city, state
Contact Numbers:
0123456789
Email Address:
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