http://13.50.150.85/index.php?action=history&feed=atom&title=Risk_management 2026-07-16T20:59:09Z Revision history for this page on the wiki MediaWiki 1.43.3 http://13.50.150.85/index.php?title=Risk_management&diff=60563&oldid=prev 2018-12-20T11:07:09Z

<p></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en-GB"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 11:07, 20 December 2018</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l1">Line 1:</td> <td colspan="2" class="diff-lineno">Line 1:</td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">''Developed by Samira Ehrari''</ins></div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[http://en.wikipedia.org/wiki/Risk_management Risk management] is a very interesting and important topic in each area in our society. Actually everyone knows what a risk is; it is a part of our life. Each step or each decision we make, is full of risks, whether we notice it or not, but when we look at our professional life, then we have to take an action for each risk arise, because it has a negative effect and the effect can have consequences in terms of economic, professional reputation, environmental, safety and societal outcomes. This article focuses on for example how an organization or project handles its risks and which framework could be relevant or helpful for it. Now a day, the risk management is an important part of project, program and portfolio management. In order to end up a project successfully and deliver it on time and within budget, it is important to get an overview of the risks, which is associated to the project. Most of the projects fail due to the lack of risk management [Why projects fail 2011]. In many projects the risks are not proactively identified, analyzed and mitigated or even in some projects the risk is a part of project&#039;s planning process, the projects fail because the resources are not completely utilized to get the full advantage [Oehmen et. al.2012 and Zwikael and Ahn 2011]. This article further talks about the risk and different level of risks in organization level and how to identify the projects risks by using some of standard guidelines for risk management such as ISO 31000, ISO 2700S, DS/ISO 31000 Risk management- Principles and guidelines and M_O_R principles, which is a standard risk management framework, which can be used by any organization on any projects regardless of its size.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[http://en.wikipedia.org/wiki/Risk_management Risk management] is a very interesting and important topic in each area in our society. Actually everyone knows what a risk is; it is a part of our life. Each step or each decision we make, is full of risks, whether we notice it or not, but when we look at our professional life, then we have to take an action for each risk arise, because it has a negative effect and the effect can have consequences in terms of economic, professional reputation, environmental, safety and societal outcomes. This article focuses on for example how an organization or project handles its risks and which framework could be relevant or helpful for it. Now a day, the risk management is an important part of project, program and portfolio management. In order to end up a project successfully and deliver it on time and within budget, it is important to get an overview of the risks, which is associated to the project. Most of the projects fail due to the lack of risk management [Why projects fail 2011]. In many projects the risks are not proactively identified, analyzed and mitigated or even in some projects the risk is a part of project&#039;s planning process, the projects fail because the resources are not completely utilized to get the full advantage [Oehmen et. al.2012 and Zwikael and Ahn 2011]. This article further talks about the risk and different level of risks in organization level and how to identify the projects risks by using some of standard guidelines for risk management such as ISO 31000, ISO 2700S, DS/ISO 31000 Risk management- Principles and guidelines and M_O_R principles, which is a standard risk management framework, which can be used by any organization on any projects regardless of its size.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>NOTE: This article might be similar to other articles; Risk analysis, risk register, Risk management strategy in project portfolios</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>NOTE: This article might be similar to other articles; Risk analysis, risk register, Risk management strategy in project portfolios</div></td></tr> </table>

Tkokotas http://13.50.150.85/index.php?title=Risk_management&diff=5487&oldid=prev 2014-11-30T20:50:58Z

<p><span class="autocomment">Risk Management in Practice</span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en-GB"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 20:50, 30 November 2014</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l86">Line 86:</td> <td colspan="2" class="diff-lineno">Line 86:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Assessing and managing risks is the best weapon you have against project&#039;s deficiencies. By identifying the risk management within the projects plan and strategies, you will improve your chances for a successful project even if  the project is not a perfect project. Risk management is a way of success if you manage it in a correct way by making use of the correct framework and identifying all the risks that could have a negative impact on your project.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Assessing and managing risks is the best weapon you have against project&#039;s deficiencies. By identifying the risk management within the projects plan and strategies, you will improve your chances for a successful project even if  the project is not a perfect project. Risk management is a way of success if you manage it in a correct way by making use of the correct framework and identifying all the risks that could have a negative impact on your project.</div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>You can always use your projects result to the next project that what should be better on next project and which phases you should put more attention. An effective risks management will always help you to minimize the negative impacts of activities that could be a big problem for your projects and your organization.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>You can always use your projects result to the next project that what should be better on next project and which phases you should put more attention. An effective risks management will always help you to minimize the negative impacts of activities that could be a big problem for your projects and your organization.</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"></del></div></td><td colspan="2" class="diff-side-added"></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">This example is more general and very simple,you can maybe use it for a very small project. You can visit [http://apppm.man.dtu.dk/index.php/Risk_analysis | Risk_analysis] which is described more in detail.</del></div></td><td colspan="2" class="diff-side-added"></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>=Reference=</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>=Reference=</div></td></tr> </table>

Saeh0803 http://13.50.150.85/index.php?title=Risk_management&diff=5484&oldid=prev 2014-11-30T20:44:41Z

<p><span class="autocomment">Risk Management in Practice</span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en-GB"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 20:44, 30 November 2014</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l82">Line 82:</td> <td colspan="2" class="diff-lineno">Line 82:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[File:Mathrix.png|frameless|right]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[File:Mathrix.png|frameless|right]]</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>This example is more general and very simple; you can maybe use it for a very small project. You can visit <del style="font-weight: bold; text-decoration: none;">| </del>Risk_analysis which is described more in detail. I will not go in too details in this reports, because another one is writing.   </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>This example is more general and very simple; you can maybe use it for a very small project. You can visit <ins style="font-weight: bold; text-decoration: none;">[http://apppm.man.dtu.dk/index.php/</ins>Risk_analysis <ins style="font-weight: bold; text-decoration: none;"> Risk_analysis] </ins>which is described more in detail. I will not go in too details in this reports, because another one is writing.   </div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>By defining risk management processes for your company, you get closer to success by minimizing or completely eliminating any kind of risks that could have a negative impact on the the project. This lets you to fulfill the targets within the allowed budget and time deadlines. If the risk management strategies are not defined properly then the project could be more prone to deficiencies and failures. Effective risk management strategies helps to overcome the extra expenses that do not produce a return on investment and it also helps to maximize the profits. Through detailed analysis, clever leaders prioritize the on going work based on the results produced, despite the odds.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>By defining risk management processes for your company, you get closer to success by minimizing or completely eliminating any kind of risks that could have a negative impact on the the project. This lets you to fulfill the targets within the allowed budget and time deadlines. If the risk management strategies are not defined properly then the project could be more prone to deficiencies and failures. Effective risk management strategies helps to overcome the extra expenses that do not produce a return on investment and it also helps to maximize the profits. Through detailed analysis, clever leaders prioritize the on going work based on the results produced, despite the odds.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> </table>

Saeh0803 http://13.50.150.85/index.php?title=Risk_management&diff=5482&oldid=prev 2014-11-30T20:43:38Z

<p><span class="autocomment">Risk Management in Practice</span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en-GB"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 20:43, 30 November 2014</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l78">Line 78:</td> <td colspan="2" class="diff-lineno">Line 78:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>To identify the projects risk, you can start with brainstorming, the first step is to list the main categories such as technologies, goal, stakeholder, communication, cost, environmental, resources, reliability, which is indicated with blue color in below figure. The next is to identify the risks, which is associated to the main categories. By brainstorm the risks, you can find 50-100 risks, depending to the projects size, therefore the third step is to estimate what the potential impact could be by using the Risk Matrix.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>To identify the projects risk, you can start with brainstorming, the first step is to list the main categories such as technologies, goal, stakeholder, communication, cost, environmental, resources, reliability, which is indicated with blue color in below figure. The next is to identify the risks, which is associated to the main categories. By brainstorm the risks, you can find 50-100 risks, depending to the projects size, therefore the third step is to estimate what the potential impact could be by using the Risk Matrix.</div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Each high priority or high impact risk should be assigned to a group member after their experience and skills, so they could study and evaluate the risks. Cost risks might for example assign to someone in the finance department than one from IT- department. The new technology might assign to someone from IT- department. The project manager should be assign for all the risks process, the most important part of risk process is the schedule with deadline and the risks list, which should only edit, added, re-prioritized and control by the project manager during the project. To reduce the risks, the project manager should communicate the risks list to all the project stakeholders regularly, at least once a week. All the changes should be registered to the risk map and at the end of the project the results can be used to do a retrospective. What did you learn from it, what should be different in next project and how to control the risks from the beginning?</ins></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[File:Mathrix.png|frameless|right]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[File:Mathrix.png|frameless|right]]</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Each high priority or high impact risk should be assigned to </del>a <del style="font-weight: bold; text-decoration: none;">group member after their experience and skills</del>, <del style="font-weight: bold; text-decoration: none;">so they could study and evaluate the risks</del>. <del style="font-weight: bold; text-decoration: none;">Cost risks might </del>for <del style="font-weight: bold; text-decoration: none;">example assign </del>to <del style="font-weight: bold; text-decoration: none;">someone in </del>the <del style="font-weight: bold; text-decoration: none;">finance department than one from IT- department</del>. <del style="font-weight: bold; text-decoration: none;">The new technology might assign </del>to <del style="font-weight: bold; text-decoration: none;">someone from IT- department</del>. <del style="font-weight: bold; text-decoration: none;">The </del>project <del style="font-weight: bold; text-decoration: none;">manager should </del>be <del style="font-weight: bold; text-decoration: none;">assign for all the risks process, the most important part of </del>risk <del style="font-weight: bold; text-decoration: none;">process is </del>the <del style="font-weight: bold; text-decoration: none;">schedule with deadline </del>and the <del style="font-weight: bold; text-decoration: none;">risks list</del>, <del style="font-weight: bold; text-decoration: none;">which should only edit</del>, <del style="font-weight: bold; text-decoration: none;">added, re-prioritized </del>and <del style="font-weight: bold; text-decoration: none;">control by </del>the project <del style="font-weight: bold; text-decoration: none;">manager during </del>the <del style="font-weight: bold; text-decoration: none;">project.</del></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">This example is more general and very simple; you can maybe use it for </ins>a <ins style="font-weight: bold; text-decoration: none;">very small project. You can visit | Risk_analysis which is described more in detail. I will not go in too details in this reports</ins>, <ins style="font-weight: bold; text-decoration: none;">because another one is writing</ins>. <ins style="font-weight: bold; text-decoration: none;"> </ins></div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">To reduce </del>the <del style="font-weight: bold; text-decoration: none;">risks</del>, <del style="font-weight: bold; text-decoration: none;">the </del>project <del style="font-weight: bold; text-decoration: none;">manager should communicate the risks list to all </del>the project <del style="font-weight: bold; text-decoration: none;">stakeholders regularly, at least once </del>a <del style="font-weight: bold; text-decoration: none;">week</del>. <del style="font-weight: bold; text-decoration: none;">All the changes should be registered to </del>the <del style="font-weight: bold; text-decoration: none;">risk map </del>and <del style="font-weight: bold; text-decoration: none;">at the end of </del>the project <del style="font-weight: bold; text-decoration: none;">the results </del>can <del style="font-weight: bold; text-decoration: none;">be used </del>to <del style="font-weight: bold; text-decoration: none;">do a retrospective. What did you learn from it, </del>what should be <del style="font-weight: bold; text-decoration: none;">different in </del>next project and <del style="font-weight: bold; text-decoration: none;">how </del>to <del style="font-weight: bold; text-decoration: none;">control </del>the <del style="font-weight: bold; text-decoration: none;">risks from the beginning?</del></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">By defining risk management processes </ins>for <ins style="font-weight: bold; text-decoration: none;">your company, you get closer </ins>to <ins style="font-weight: bold; text-decoration: none;">success by minimizing or completely eliminating any kind of risks that could have a negative impact on the </ins>the <ins style="font-weight: bold; text-decoration: none;">project</ins>. <ins style="font-weight: bold; text-decoration: none;">This lets you </ins>to <ins style="font-weight: bold; text-decoration: none;">fulfill the targets within the allowed budget and time deadlines</ins>. <ins style="font-weight: bold; text-decoration: none;">If the risk management strategies are not defined properly then the </ins>project <ins style="font-weight: bold; text-decoration: none;">could </ins>be <ins style="font-weight: bold; text-decoration: none;">more prone to deficiencies and failures. Effective </ins>risk <ins style="font-weight: bold; text-decoration: none;">management strategies helps to overcome </ins>the <ins style="font-weight: bold; text-decoration: none;">extra expenses that do not produce a return on investment </ins>and <ins style="font-weight: bold; text-decoration: none;">it also helps to maximize </ins>the <ins style="font-weight: bold; text-decoration: none;">profits. Through detailed analysis</ins>, <ins style="font-weight: bold; text-decoration: none;">clever leaders prioritize the on going work based on the results produced</ins>, <ins style="font-weight: bold; text-decoration: none;">despite the odds.</ins></div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div> </div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Assessing </ins>and <ins style="font-weight: bold; text-decoration: none;">managing risks is </ins>the <ins style="font-weight: bold; text-decoration: none;">best weapon you have against </ins>project<ins style="font-weight: bold; text-decoration: none;">'s deficiencies. By identifying </ins>the <ins style="font-weight: bold; text-decoration: none;">risk management within </ins>the <ins style="font-weight: bold; text-decoration: none;">projects plan and strategies</ins>, <ins style="font-weight: bold; text-decoration: none;">you will improve your chances for a successful </ins>project <ins style="font-weight: bold; text-decoration: none;">even if  </ins>the project <ins style="font-weight: bold; text-decoration: none;">is not </ins>a <ins style="font-weight: bold; text-decoration: none;">perfect project</ins>. <ins style="font-weight: bold; text-decoration: none;">Risk management is a way of success if you manage it in a correct way by making use of </ins>the <ins style="font-weight: bold; text-decoration: none;">correct framework </ins>and <ins style="font-weight: bold; text-decoration: none;">identifying all </ins>the <ins style="font-weight: bold; text-decoration: none;">risks that could have a negative impact on your </ins>project<ins style="font-weight: bold; text-decoration: none;">.</ins></div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">You </ins>can <ins style="font-weight: bold; text-decoration: none;">always use your projects result </ins>to <ins style="font-weight: bold; text-decoration: none;">the next project that </ins>what should be <ins style="font-weight: bold; text-decoration: none;">better on </ins>next project and <ins style="font-weight: bold; text-decoration: none;">which phases you should put more attention. An effective risks management will always help you </ins>to <ins style="font-weight: bold; text-decoration: none;">minimize </ins>the <ins style="font-weight: bold; text-decoration: none;">negative impacts of activities that could be a big problem for your projects and your organization.</ins></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>This example is more general and very simple,you can maybe use it for a very small project. You can visit [http://apppm.man.dtu.dk/index.php/Risk_analysis | Risk_analysis] which is described more in detail.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>This example is more general and very simple,you can maybe use it for a very small project. You can visit [http://apppm.man.dtu.dk/index.php/Risk_analysis | Risk_analysis] which is described more in detail.</div></td></tr> </table>

Saeh0803 http://13.50.150.85/index.php?title=Risk_management&diff=5468&oldid=prev 2014-11-30T20:30:08Z

<p><span class="autocomment">How to develop a risk analysis</span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en-GB"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 20:30, 30 November 2014</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l67">Line 67:</td> <td colspan="2" class="diff-lineno">Line 67:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>It describes deeply both what needs to be done through some principles, activities and roles and how to begin the activities. In some ways, ISO31000 and M_O_R are very similar and use some common definition and methods. M_O_R is designed for practical application of risk management techniques and based on 4 core concepts: principles, approach, process and embedding and review, while ISO31000 is designed more to assess how completely the risk management techniques have been applied [Best Management Practice], The difference is that ISO3100O based on framework, principles and process. It prescribe how an organization should implement risk management and manage the risk by using any tools, that suits its goal and organization, while M_O_R allows it to customize its approach within the guidelines to suit its operating environment and process. Both are useful tools and can be used for managing the risks.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>It describes deeply both what needs to be done through some principles, activities and roles and how to begin the activities. In some ways, ISO31000 and M_O_R are very similar and use some common definition and methods. M_O_R is designed for practical application of risk management techniques and based on 4 core concepts: principles, approach, process and embedding and review, while ISO31000 is designed more to assess how completely the risk management techniques have been applied [Best Management Practice], The difference is that ISO3100O based on framework, principles and process. It prescribe how an organization should implement risk management and manage the risk by using any tools, that suits its goal and organization, while M_O_R allows it to customize its approach within the guidelines to suit its operating environment and process. Both are useful tools and can be used for managing the risks.</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>Further information about M_O_R and ISO 31000:2009 is available in Michael Dallas report[http://www.best-<del style="font-weight: bold; text-decoration: none;">management practice</del>.com/gempdf/Management_of_Risk_Guidance_for_Practitioners_and_the_International_Standard_on_Risk_Management_ISO31000_2009.pdf]</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>Further information about M_O_R and ISO 31000:2009 is available in Michael Dallas report [http://www.best-<ins style="font-weight: bold; text-decoration: none;">managementpractice</ins>.com/gempdf/Management_of_Risk_Guidance_for_Practitioners_and_the_International_Standard_on_Risk_Management_ISO31000_2009.pdf]</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[File:Different between_M_O_R_AND_ISO.png|frameless|right]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[File:Different between_M_O_R_AND_ISO.png|frameless|right]]</div></td></tr> </table>

Saeh0803 http://13.50.150.85/index.php?title=Risk_management&diff=5466&oldid=prev 2014-11-30T20:28:49Z

<p><span class="autocomment">How to develop a risk analysis</span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en-GB"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 20:28, 30 November 2014</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l54">Line 54:</td> <td colspan="2" class="diff-lineno">Line 54:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* By using more general analysis or guidelines to define the project&#039;s goals and reduce the risks without managing it and less management participation.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* By using more general analysis or guidelines to define the project&#039;s goals and reduce the risks without managing it and less management participation.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>In the first option many standard guidelines and analysis can be used such as ISO 31000, IEC/ISO 311010, and ISO 73-2009 and many others. The International Organization for Standard (ISO ) risk management provides principles, general guidelines; framework and a process for managing the risks- It can be used by any project, organization regardless of its size. ISO 31000 summarizes all the central activities and main points, which an organization might go through to manage their risks effectively and increase their chance to reach their goals. It doesn’t contain any specific techniques in order to use, but it mentions that an organization must follow risk identification tools and techniques, that match the projects and its goals. Another ISO standard application is ISO/IEC 31010, Risk Management, which contains of some risk assessment techniques and steps that gives an understanding of the risks, which can have a negative impact on an organization’s achievement of its goals and the adequacy and effectiveness of controls already in place. Risk assessment helps decision makers to take the correct decisions, for example which tools and techniques must be used to treat the risks and how to choose the best opportunities. The following techniques described on ISO 31010</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>In the first option many standard guidelines and analysis can be used such as ISO 31000, IEC/ISO 311010, and ISO 73-2009 and many others. The International Organization for Standard (ISO ) risk management provides principles, general guidelines; framework and a process for managing the risks- It can be used by any project, organization regardless of its size. ISO 31000 summarizes all the central activities and main points, which an organization might go through to manage their risks effectively and increase their chance to reach their goals. It doesn’t contain any specific techniques in order to use, but it mentions that an organization must follow risk identification tools and techniques, that match the projects and its goals. Another ISO standard application is ISO/IEC 31010, Risk Management, which contains of some risk assessment techniques and steps that gives an understanding of the risks, which can have a negative impact on an organization’s achievement of its goals and the adequacy and effectiveness of controls already in place. Risk assessment helps decision makers to take the correct decisions, for example which tools and techniques must be used to treat the risks and how to choose the best opportunities. The following techniques described on ISO 31010</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"></del></div></td><td colspan="2" class="diff-side-added"></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">[[File:Different between_M_O_R_AND_ISO.png|frameless|right]]</del></div></td><td colspan="2" class="diff-side-added"></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk identification</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk identification</div></td></tr> <tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l69">Line 69:</td> <td colspan="2" class="diff-lineno">Line 67:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>It describes deeply both what needs to be done through some principles, activities and roles and how to begin the activities. In some ways, ISO31000 and M_O_R are very similar and use some common definition and methods. M_O_R is designed for practical application of risk management techniques and based on 4 core concepts: principles, approach, process and embedding and review, while ISO31000 is designed more to assess how completely the risk management techniques have been applied [Best Management Practice], The difference is that ISO3100O based on framework, principles and process. It prescribe how an organization should implement risk management and manage the risk by using any tools, that suits its goal and organization, while M_O_R allows it to customize its approach within the guidelines to suit its operating environment and process. Both are useful tools and can be used for managing the risks.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>It describes deeply both what needs to be done through some principles, activities and roles and how to begin the activities. In some ways, ISO31000 and M_O_R are very similar and use some common definition and methods. M_O_R is designed for practical application of risk management techniques and based on 4 core concepts: principles, approach, process and embedding and review, while ISO31000 is designed more to assess how completely the risk management techniques have been applied [Best Management Practice], The difference is that ISO3100O based on framework, principles and process. It prescribe how an organization should implement risk management and manage the risk by using any tools, that suits its goal and organization, while M_O_R allows it to customize its approach within the guidelines to suit its operating environment and process. Both are useful tools and can be used for managing the risks.</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">For further </del>information about M_O_R and ISO 31000:2009 <del style="font-weight: bold; text-decoration: none;">you can read </del>Michael Dallas report[http://www.best-management<del style="font-weight: bold; text-decoration: none;">-</del>practice.com/gempdf/Management_of_Risk_Guidance_for_Practitioners_and_the_International_Standard_on_Risk_Management_ISO31000_2009.pdf]</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Further </ins>information about M_O_R and ISO 31000:2009 <ins style="font-weight: bold; text-decoration: none;">is available in </ins>Michael Dallas report[http://www.best-management practice.com/gempdf/Management_of_Risk_Guidance_for_Practitioners_and_the_International_Standard_on_Risk_Management_ISO31000_2009.pdf<ins style="font-weight: bold; text-decoration: none;">]</ins></div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div> </div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">[[File:Different between_M_O_R_AND_ISO.png|frameless|right]</ins>]</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>The Tabel as taken from Michael Dallas report, which shows a direct comparison of M_O_R with ISO 31000 against categories that are common to both framework.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>The Tabel as taken from Michael Dallas report, which shows a direct comparison of M_O_R with ISO 31000 against categories that are common to both framework.</div></td></tr> </table>

Saeh0803 http://13.50.150.85/index.php?title=Risk_management&diff=5464&oldid=prev 2014-11-30T20:26:07Z

<p><span class="autocomment">How to develop a risk analysis</span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en-GB"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 20:26, 30 November 2014</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l54">Line 54:</td> <td colspan="2" class="diff-lineno">Line 54:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* By using more general analysis or guidelines to define the project&#039;s goals and reduce the risks without managing it and less management participation.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* By using more general analysis or guidelines to define the project&#039;s goals and reduce the risks without managing it and less management participation.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>In the first option many standard guidelines and analysis can be used such as ISO 31000, IEC/ISO 311010, and ISO 73-2009 and many others. The International Organization for Standard (ISO ) risk management provides principles, general guidelines; framework and a process for managing the risks- It can be used by any project, organization regardless of its size. ISO 31000 summarizes all the central activities and main points, which an organization might go through to manage their risks effectively and increase their chance to reach their goals. It doesn’t contain any specific techniques in order to use, but it mentions that an organization must follow risk identification tools and techniques, that match the projects and its goals. Another ISO standard application is ISO/IEC 31010, Risk Management, which contains of some risk assessment techniques and steps that gives an understanding of the risks, which can have a negative impact on an organization’s achievement of its goals and the adequacy and effectiveness of controls already in place. Risk assessment helps decision makers to take the correct decisions, for example which tools and techniques must be used to treat the risks and how to choose the best opportunities. The following techniques described on ISO 31010</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>In the first option many standard guidelines and analysis can be used such as ISO 31000, IEC/ISO 311010, and ISO 73-2009 and many others. The International Organization for Standard (ISO ) risk management provides principles, general guidelines; framework and a process for managing the risks- It can be used by any project, organization regardless of its size. ISO 31000 summarizes all the central activities and main points, which an organization might go through to manage their risks effectively and increase their chance to reach their goals. It doesn’t contain any specific techniques in order to use, but it mentions that an organization must follow risk identification tools and techniques, that match the projects and its goals. Another ISO standard application is ISO/IEC 31010, Risk Management, which contains of some risk assessment techniques and steps that gives an understanding of the risks, which can have a negative impact on an organization’s achievement of its goals and the adequacy and effectiveness of controls already in place. Risk assessment helps decision makers to take the correct decisions, for example which tools and techniques must be used to treat the risks and how to choose the best opportunities. The following techniques described on ISO 31010</div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">[[File:Different between_M_O_R_AND_ISO.png|frameless|right]]</ins></div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk identification</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk identification</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk analysis - consequence analysis</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk analysis - consequence analysis</div></td></tr> <tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l61">Line 61:</td> <td colspan="2" class="diff-lineno">Line 64:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Communication and consultation, and monitoring and review</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Communication and consultation, and monitoring and review</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Each step has described in detail on ISO 31010. Compare to [http://bcove.me/qvtxp001 M_O_R] and then M_O_R is much extensive application, which provides a detailed guidance on how to implement risk management. </ins></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>[[<del style="font-weight: bold; text-decoration: none;">File:Different between_M_O_R_AND_ISO</del>.<del style="font-weight: bold; text-decoration: none;">png|frameless|right]]</del></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">M_O_R stands for Management of Risk. It is a framework for the management of risk at different levels of of an organization such as Strategic, programme, project and operational level. It includes all the activities required to identify and control the risks, both negative and positive, which may have an impact on the achievement of an organization’s objectives </ins>[<ins style="font-weight: bold; text-decoration: none;">M_O_R].It is also a framework for how to make informed decisions about risks respectively strategic, program, project and operational level in order to identify, assess and manage the key risks in order to deliver the expected advantages </ins>[<ins style="font-weight: bold; text-decoration: none;">M_O_R]</ins>.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Each step has described in detail on ISO 31010. Compare to [http://bcove.me/qvtxp001 M_O_R] and then M_O_R is much extensive application, which provides a detailed guidance on how to implement risk management. M_O_R stands for Management of Risk. It is a framework for the management of risk at different levels of of an organization such as Strategic, programme, project and operational level. It includes all the activities required to identify and control the risks, both negative and positive, which may have an impact on the achievement of an organization’s objectives [M_O_R].It is also a framework for how to make informed decisions about risks respectively strategic, program, project and operational level in order to identify, assess and manage the key risks in order to deliver the expected advantages [M_O_R]. </del>It describes deeply both what needs to be done through some principles, activities and roles and how to begin the activities. In some ways, ISO31000 and M_O_R are very similar and use some common definition and methods. M_O_R is designed for practical application of risk management techniques and based on 4 core concepts: principles, approach, process and embedding and review, while ISO31000 is designed more to assess how completely the risk management techniques have been applied [Best Management Practice], The difference is that ISO3100O based on framework, principles and process. It prescribe how an organization should implement risk management and manage the risk by using any tools, that suits its goal and organization, while M_O_R allows it to customize its approach within the guidelines to suit its operating environment and process. Both are useful tools and can be used for managing the risks.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>It describes deeply both what needs to be done through some principles, activities and roles and how to begin the activities. In some ways, ISO31000 and M_O_R are very similar and use some common definition and methods. M_O_R is designed for practical application of risk management techniques and based on 4 core concepts: principles, approach, process and embedding and review, while ISO31000 is designed more to assess how completely the risk management techniques have been applied [Best Management Practice], The difference is that ISO3100O based on framework, principles and process. It prescribe how an organization should implement risk management and manage the risk by using any tools, that suits its goal and organization, while M_O_R allows it to customize its approach within the guidelines to suit its operating environment and process. Both are useful tools and can be used for managing the risks.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>For further information about M_O_R and ISO 31000:2009 you can read Michael Dallas report[http://www.best-management-practice.com/gempdf/Management_of_Risk_Guidance_for_Practitioners_and_the_International_Standard_on_Risk_Management_ISO31000_2009.pdf]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>For further information about M_O_R and ISO 31000:2009 you can read Michael Dallas report[http://www.best-management-practice.com/gempdf/Management_of_Risk_Guidance_for_Practitioners_and_the_International_Standard_on_Risk_Management_ISO31000_2009.pdf]</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> </table>

Saeh0803 http://13.50.150.85/index.php?title=Risk_management&diff=5463&oldid=prev 2014-11-30T20:24:13Z

<p><span class="autocomment">How to develop a risk analysis</span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en-GB"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 20:24, 30 November 2014</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l60">Line 60:</td> <td colspan="2" class="diff-lineno">Line 60:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk evaluation</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk evaluation</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Communication and consultation, and monitoring and review</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Communication and consultation, and monitoring and review</div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[File:Different between_M_O_R_AND_ISO.png|frameless|right]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[File:Different between_M_O_R_AND_ISO.png|frameless|right]]</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Each step has described in detail on ISO 31010. Compare to [http://bcove.me/qvtxp001 M_O_R] and then M_O_R is much extensive application, which provides a detailed guidance on how to implement risk management. M_O_R stands for Management of Risk. It is a framework for the management of risk at different levels of of an organization such as Strategic, programme, project and operational level. It includes all the activities required to identify and control the risks, both negative and positive, which may have an impact on the achievement of an organization’s objectives [M_O_R].It is also a framework for how to make informed decisions about risks respectively strategic, program, project and operational level in order to identify, assess and manage the key risks in order to deliver the expected advantages [M_O_R]. It describes deeply both what needs to be done through some principles, activities and roles and how to begin the activities. In some ways, ISO31000 and M_O_R are very similar and use some common definition and methods. M_O_R is designed for practical application of risk management techniques and based on 4 core concepts: principles, approach, process and embedding and review, while ISO31000 is designed more to assess how completely the risk management techniques have been applied [Best Management Practice], The difference is that ISO3100O based on framework, principles and process. It prescribe how an organization should implement risk management and manage the risk by using any tools, that suits its goal and organization, while M_O_R allows it to customize its approach within the guidelines to suit its operating environment and process. Both are useful tools and can be used for managing the risks.</ins></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>For further information about M_O_R and ISO 31000:2009 you can read Michael Dallas report[http://www.best-management-practice.com/gempdf/Management_of_Risk_Guidance_for_Practitioners_and_the_International_Standard_on_Risk_Management_ISO31000_2009.pdf]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>For further information about M_O_R and ISO 31000:2009 you can read Michael Dallas report[http://www.best-management-practice.com/gempdf/Management_of_Risk_Guidance_for_Practitioners_and_the_International_Standard_on_Risk_Management_ISO31000_2009.pdf]</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> </table>

Saeh0803 http://13.50.150.85/index.php?title=Risk_management&diff=5451&oldid=prev 2014-11-30T20:15:57Z

<p><span class="autocomment">How to develop a risk analysis</span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en-GB"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 20:15, 30 November 2014</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l51">Line 51:</td> <td colspan="2" class="diff-lineno">Line 51:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Risk Management can be developed in two different ways [Best Management Practice]:</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Risk Management can be developed in two different ways [Best Management Practice]:</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"> </del>By using the standard risk guidelines such as ISO 31000, which managers can go step by step and identify the risks and analyse the situation of each phase and take an action for each risk, that have negative impact on each situation. In this step more leaders must participate in order to reduce the impact of risks and take care of each situation.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* </ins>By using the standard risk guidelines such as ISO 31000, which managers can go step by step and identify the risks and analyse the situation of each phase and take an action for each risk, that have negative impact on each situation. In this step more leaders must participate in order to reduce the impact of risks and take care of each situation.</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"> </del>By using more general analysis or guidelines to define the project's goals and reduce the risks without managing it and less management participation.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* </ins>By using more general analysis or guidelines to define the project's goals and reduce the risks without managing it and less management participation.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>In the first option many standard guidelines and analysis can be used such as ISO 31000, IEC/ISO 311010, and ISO 73-2009 and many others. The International Organization for Standard (ISO ) risk management provides principles, general guidelines; framework and a process for managing the risks- It can be used by any project, organization regardless of its size. ISO 31000 summarizes all the central activities and main points, which an organization might go through to manage their risks effectively and increase their chance to reach their goals. It doesn’t contain any specific techniques in order to use, but it mentions that an organization must follow risk identification tools and techniques, that match the projects and its goals. Another ISO standard application is ISO/IEC 31010, Risk Management, which contains of some risk assessment techniques and steps that gives an understanding of the risks, which can have a negative impact on an organization’s achievement of its goals and the adequacy and effectiveness of controls already in place. Risk assessment helps decision makers to take the correct decisions, for example which tools and techniques must be used to treat the risks and how to choose the best opportunities. The following techniques described on ISO 31010</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>In the first option many standard guidelines and analysis can be used such as ISO 31000, IEC/ISO 311010, and ISO 73-2009 and many others. The International Organization for Standard (ISO ) risk management provides principles, general guidelines; framework and a process for managing the risks- It can be used by any project, organization regardless of its size. ISO 31000 summarizes all the central activities and main points, which an organization might go through to manage their risks effectively and increase their chance to reach their goals. It doesn’t contain any specific techniques in order to use, but it mentions that an organization must follow risk identification tools and techniques, that match the projects and its goals. Another ISO standard application is ISO/IEC 31010, Risk Management, which contains of some risk assessment techniques and steps that gives an understanding of the risks, which can have a negative impact on an organization’s achievement of its goals and the adequacy and effectiveness of controls already in place. Risk assessment helps decision makers to take the correct decisions, for example which tools and techniques must be used to treat the risks and how to choose the best opportunities. The following techniques described on ISO 31010</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk identification</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk identification</div></td></tr> </table>

Saeh0803 http://13.50.150.85/index.php?title=Risk_management&diff=5448&oldid=prev 2014-11-30T20:13:30Z

<p><span class="autocomment">How to develop a risk analysis</span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en-GB"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 20:13, 30 November 2014</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l51">Line 51:</td> <td colspan="2" class="diff-lineno">Line 51:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Risk Management can be developed in two different ways [Best Management Practice]:</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Risk Management can be developed in two different ways [Best Management Practice]:</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div> </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"> </ins>By using the standard risk guidelines such as ISO 31000, which managers can go step by step and identify the risks and analyse the situation of each phase and take an action for each risk, that have negative impact on each situation. In this step more leaders must participate in order to reduce the impact of risks and take care of each situation.</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">* </del>By using the standard risk guidelines such as ISO 31000, which managers can go step by step and identify the risks and analyse the situation of each phase and take an action for each risk, that have negative impact on each situation. In this step more leaders must participate in order to reduce the impact of risks and take care of each situation.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"> </ins>By using more general analysis or guidelines to define the project's goals and reduce the risks without managing it and less management participation.</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div> </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>In the first option many standard guidelines and analysis can be used such as ISO 31000, IEC/ISO 311010, and ISO 73-2009 and many others. The International Organization for Standard (ISO ) risk management provides principles, general guidelines; framework and a process for managing the risks- It can be used by any project, organization regardless of its size. ISO 31000 summarizes all the central activities and main points, which an organization might go through to manage their risks effectively and increase their chance to reach their goals. It doesn’t contain any specific techniques in order to use, but it mentions that an organization must follow risk identification tools and techniques, that match the projects and its goals. Another ISO standard application is ISO/IEC 31010, Risk Management, which contains of some risk assessment techniques and steps that gives an understanding of the risks, which can have a negative impact on an organization’s achievement of its goals and the adequacy and effectiveness of controls already in place. Risk assessment helps decision makers to take the correct decisions, for example which tools and techniques must be used to treat the risks and how to choose the best opportunities. The following techniques described on ISO 31010</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">* </del>By using more general analysis or guidelines to define the project's goals and reduce the risks without managing it and less management participation.</div></td><td colspan="2" class="diff-side-added"></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div> </div></td><td colspan="2" class="diff-side-added"></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>In the first option many standard guidelines and analysis <del style="font-weight: bold; text-decoration: none;"> </del>can be used such as ISO 31000, IEC/ISO 311010, and ISO 73-2009 and many others.</div></td><td colspan="2" class="diff-side-added"></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>The International Organization for Standard (ISO ) risk management provides principles, general guidelines; framework and a process for managing the risks- It can be used by any project, organization regardless of its size.</div></td><td colspan="2" class="diff-side-added"></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>ISO 31000 summarizes all the central activities and main points, which an organization might go through to manage their risks effectively and increase their chance to reach their goals. It doesn’t contain any specific techniques in order to use, but it mentions that an organization must follow risk identification tools and techniques, that match the projects and its goals. Another ISO standard application is ISO/IEC 31010, Risk Management, which contains of some risk assessment techniques and steps that gives an understanding of the risks, which can have a negative impact on an organization’s achievement of its goals and the adequacy and effectiveness of controls already in place. Risk assessment helps decision makers to take the correct decisions, for example which tools and techniques must be used to treat the risks and how to choose the best opportunities. The following techniques described on ISO 31010</div></td><td colspan="2" class="diff-side-added"></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div> </div></td><td colspan="2" class="diff-side-added"></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk identification</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk identification</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* Risk analysis - <del style="font-weight: bold; text-decoration: none;"> </del>consequence analysis</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* Risk analysis - consequence analysis</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk analysis– qualitative, semi-quantitative or quantitative probability estimation</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk analysis– qualitative, semi-quantitative or quantitative probability estimation</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk analysis – assessing the effectiveness of any existing controls</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk analysis – assessing the effectiveness of any existing controls</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk evaluation</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Risk evaluation</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* <del style="font-weight: bold; text-decoration: none;">communication </del>and consultation, and <del style="font-weight: bold; text-decoration: none;"> </del>monitoring and review</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* <ins style="font-weight: bold; text-decoration: none;">Communication </ins>and consultation, and monitoring and review</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div> </div></td><td colspan="2" class="diff-side-added"></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Each step has described in detail on ISO 31010. Compare to M_O_R,[http://bcove.me/qvtxp001 video] and then M_O_R is much extensive application, which provides a detailed guidance on how to implement risk management. M_O_R stands for Management of Risk and it is a framework for the management of risk across all parts of an organization such as Strategic, programme, project and operational level. It includes all the activities required to identify and control the risks, both negative and positive, which may have an impact on the achievement of an organization’s objectives[M_O_R].It is also a framework for how to make informed decisions about risks respectively strategic, program, project and operational level in order to identify, assess and manage the key risks in order to deliver the expected advantages [M_O_R]. It describes deeply both what needs to be done through some principles, activities and roles and how to begin the activities.</del></div></td><td colspan="2" class="diff-side-added"></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">In some ways, ISO31000 and M_O_R are very similar and use some common definition and methods. M_O_R is designed for practical application of risk management techniques and based on 4 core concepts: principles, approach, process and embedding and review, while ISO31000 is designed more to assess how completely the risk management techniques have been applied [Best Management Practice], The difference is that ISO3100O based on framework, principles and process. It prescribe how an organization should implement risk management and manage the risk by using any tools, that suits its goal and organization, while M_O_R allows it to customize its approach within the guidelines to suit its operating environment and process. Both are useful tools and can be used for managing the risks.</del></div></td><td colspan="2" class="diff-side-added"></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[File:Different between_M_O_R_AND_ISO.png|frameless|right]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[File:Different between_M_O_R_AND_ISO.png|frameless|right]]</div></td></tr> </table>

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