When performing risk analysis, some companies have pre-existing ways to catpure risks. If that’s the case and if those existing
Category: Risk Management
Risk Management is the forecasting and evaluation of risks and the identification of procedures to avoid or minimize their impact.
Benefits Of The Standard Risk Model
The standard risk model is used by many different organizations. It is different than the simple risk model. In fact,
Is it a Risk or an Issue? A First Step In Risk Analysis
(image source: P. Smith and G. Merritt. Proactive Risk Management: Controlling Uncertainty in Product Development. Boca Raton, FL: CRC Press,
The 5 W’s And One Way They Are Useful in Risk Management
An important step in risk management is the identification of risks. In fact, as part of proactive risk management, the
Choosing A Risk Model
One of the methods to understand and manage risks is to develop models of them. Models are a useful tool