6_MP_Risk

= Risk Management =

The objective of **risk management** is to reduce different risks related to a preselected domain to the level accepted by society.
====//Risk management// is a structured approach to managing uncertainty related to a threat, a sequence of human activities including: risk assessment, strategies development to manage it, and mitigation of risk using managerial resources.====


 * Planning how risk management will be held in the particular project. Plan should include risk management tasks, responsibilities, activities and budget.
 * Assigning a risk officer - a team member other than a project manager who is responsible for foreseeing potential project problems. Typical characteristic of risk officer is a healthy skepticism.
 * Creating anonymous risk reporting channel. Each team member should have possibility to report risk that he foresees in the project.
 * Preparing mitigation plans for risks that are chosen to be mitigated. The purpose of the mitigation plan is to describe how this particular risk will be handled – what, when, by who and how will it be done to avoid it or minimize consequences if it becomes a liability.
 * Summarizing planned and faced risks, effectiveness of mitigation activities, and effort spent for the risk management.

Moreover, we are going to talk about risk identification and risk response to plan are major to area we are going to talk about more in our project presentation.
For more info please visit the links below:
 * [|The Institute of Risk Management]
 * [|10 Golden Rules of Project Risk Management]
 * [|Risk Managment & Critical Chain]
 * [|The Institute of Risk Management]

==[|Click] here to view our power point presentation ==

· 038620 NECIP ELIFOGLU 05338494833 · 069803 OJONUGWA LUCY ETUH 05338382356 · 068172 IBRAHIM AHMAD MUHAMMAD 05338369702  || = = = = =INFORMATION TABLE =
 * ** Project Topic ** || Managing Project Risk ||
 * ** Presentation Date ** || Thursday, 4th December 2008 ||
 * ** Team Members ** || · 033136 AMIR MASOOD MEHRTASH 0533-843-1235

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