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Risk Mitigation and Management Program

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Marcus Vannini
Marcus Vannini

http://www.redshoesconsulting.com

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Risk Mitigation and Management Advanced Program Management
Objectives ,[object Object],[object Object],[object Object]
Risk Management Definition Definition: Development, evaluation and monitoring of risk factors. Prioritization of risks and identification of contingency plans to address significant risks. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Risk Mitigation is not issue resolution ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
There are four major areas that need to be addressed when managing risk ,[object Object],[object Object],[object Object],[object Object]
Risk vs Business Value Management ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Risk Management - Proactively discover and mitigate risks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Sources of Risk/Uncertainty External Change Organizational Change Individual Change Competitive Pressures Deregulation Technology New Leadership New Strategy Re-engineering Re-organization Re-anything Expectations Motivation Skills
Defining Assumptions or Critical Success Factors ,[object Object],[object Object],[object Object]
Risk Identification and Quantification ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Discussion Idea: How thoroughly have you captured and documented risks and contingency plans in the past?
Contingency Plans ,[object Object],[object Object],[object Object],[object Object]
Tracking Mechanisms ,[object Object],[object Object],[object Object]
Sequence of Activities in Risk Management ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Remember — Issues are not Risks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Risk Management Key Considerations ,[object Object],[object Object],[object Object]

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Risk Mitigation and Management Program

  • 1. Risk Mitigation and Management Advanced Program Management
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  • 8. Sources of Risk/Uncertainty External Change Organizational Change Individual Change Competitive Pressures Deregulation Technology New Leadership New Strategy Re-engineering Re-organization Re-anything Expectations Motivation Skills
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