Risk Assessment Considerations

Slides:



Advertisements
Similar presentations
1 of 21 Information Strategy Developing an Information Strategy © FAO 2005 IMARK Investing in Information for Development Information Strategy Developing.
Advertisements

Planning: Processes and Techniques
Risk Identification Chapter 6.
The Australian/New Zealand Standard on Risk Management
Title slide PIPELINE QRA SEMINAR. PIPELINE RISK ASSESSMENT INTRODUCTION TO RISK IDENTIFICATION 2.
Marketing research and Marketing Planning at Tesco.
Marketing research and Marketing Planning at Nestle.
Corporate Management. Requirements Candidates need to display a knowledge of the language of corporate or strategic management and have an understanding.
Strategic Management MGT Definition Art & science of formulating, implementing, and evaluating, cross- functional decisions that enable an organization.
© Prentice Hall, © Prentice Hall, ObjectivesObjectives 1.Definitions of both strategic planning and strategy 2.An understanding.
Planning for the Future Blase Lambert. Why have a business plan? A good plan is like a road map: it shows the final destination and usually the best way.
Marketing Research to Planning ndary Research Nestle does can be put into two separate categories: secondary – research that already exists e.g. newspapers,
P4.
Project Management IV1021Fö5 Risk Management. Agenda Project Risk Project Risk Management The Risk Management Process Goal: get an understanding of basic.
Copyright © 2006 by South-Western, a division of Thomson Learning, Inc. All rights reserved. 2-1 Chapter 2 Strategic Planning and the Marketing Process.
1 Ch. 4 Outline Introduction to Planning 1.Planning Fundamentals 2.Levels of Planning 3.Strategic Planning.
PMP Study Guide Chapter 6: Risk Planning. Chapter 6 Risk Planning Planning for Risks Plan Risk Management Identifying Potential Risk Analyzing Risks Using.
Technical English Spring Term MUJDE CETIN Industrial Engineering Department.
11.2 Identify Risks The process of determining which risks may affect the project and documenting their characteristics This is an interactive process.
Types of product development. Line extensions As consumers demands grow for a certain product, the manufacturing companies need to expand their sales.
Planning Planning is the establishment of objectives, evaluation and selection of policies, strategies tactics and action required to achieve them. A Forecast.
Strategic Planning In a Competitive Marketplace. Strategic Planning Process Necessary for large corporations to survive & prosper Budget/Forecast oriented.
Fashion MARKETING.
Strategic Marketing, 3rd edition
Management Practices Lecture-5 1. Recap Behavioral Management The Hawthorne Studies Theory X and Y Theory X v. Theory Y Theory Z Systems Considerations.
MBA 563 Dr Mukaro  Direction and scope of an organisation over a long period of time which achieves advantages in a changing environment through.
ISO 14001:2004 Clause 4.3 Planning. Clause 4.3 Planning Key Requirements of Environmental Management System Certification.
PMP Study Guide Chapter 6: Risk Planning (Unit 8).
Strategic thinking Chapter 1.
An Overview on Risk Management
Internal Control Principles
Contribute to the development of a strategic plan.
Level 2 Diploma in Business Administration
LO1 - Analyse the impact and influence which the macro environment has on an organization and its business strategies 1. P1 Applying appropriate frameworks,
Analisis Bisnis.
Strategic Marketing, 3rd edition
Plan Risk Management Outputs T &T Inputs Project Management Plan
11.2 Identify Risks The process of determining which risks may affect the project and documenting their characteristics This is an iterative process as.
SWOT Analysis Workshop A
Implementing and Auditing Ethics Programs
Understanding and Leading Change
CIMA E2 Project and Relationship Management.
CHAPTER11 Project Risk Management
التخطيط الإستراتيجي ببساطة – تحديد اتجاه مؤسسة – حزب – حركة – مجتمع ما في المرحلة المقبلة. سؤال إلى أين تتجه المؤسسة – الحزب – الحركة - المجتمع؟ وكيفية.
Project Risk Management
Higher Business Management
STRATEGIC MANAGEMENT & BUSINESS POLICY 12TH EDITION
MGT 498 Education for Service-- snaptutorial.com.
MGT 498 EDU Lessons in Excellence-- mgt498edu.com.
MGT 498 TUTORIAL Lessons in Excellence -- mgt498tutorial.com.
MGT 498 Education for Service-- snaptutorial.com
MGT 498 TUTORIAL Education for Service--mgt498tutorial.com.
MGT 498 Teaching Effectively-- snaptutorial.com
MGT 498 EDU Education for Service-- mgt498edu.com.
با نام و ياد خدا.
C H A P T E R C H A P T E R Planning 15.
کنکور کارشناسی ارشد 93 مدیریت
الفصل السادس التخطيط الاستراتيجي الأنشطة التسويقية
כלי אבחון.
التخطيط الاستراتيجي الأنشطة التسويقية
Edit Nemeth, Vice Chair of IACOP
Edit Nemeth, Vice Chair of IACOP
تحويل الأفكار إلى مشاريع
UNIT-VII Strategic Management.
55 Assessment, monitoring and evaluation
“Қазіргі таңда жастарға ақпараттық технологиямен байланысты әлемдік стандартқа сай мүдделі жаңа білім беру өте-мөте қажет” Н.Ә. Назарбаев.
Project Risk Management
Effective Risk Management in Decision Making Process
Session 3 Formulating and Executing Value Based
Session 3 Formulating Strategic Marketing Plans
Presentation transcript:

Risk Assessment Considerations

Importance Risk recognition and risk rating together form the risk assessment component of risk management process. It involves the recognition of the risk and rating of them to determine the significant risks facing the organization project or strategy. It defined in British Standard BS 31100 as well as the overall process of risk identification, risk analysis, and risk evaluation.

It focuses on improved decisions making, risk assessment is the main risk management input into strategy formulation. Risk may be attached to corporate objectives, stakeholders expectations, core processes and key dependencies . Whichever these features is selected as a starting point, risk assessment is undertaken. The purpose of the risk assessment is to identify the significant risks that could impact the selected feature.

Techniques for Risk Assessment S.N. Techniques Brief Discription 1 Questionnaires & Checklists Use of structured questionnaires & checklists to collect information that will assist with the recognition of the significant risk 2 Workshops & Brainstorming Collection & sharing of ideas at workshops to discuss the events that could impact the objectives, core processes or key dependencies. 3 Inspections & Audits Physical inspections of premises & activities and audits of compliance with established system & procedures. 4 Flowcharts & dependency analysis Analysis of process & operations within the organisation to identify Critical components that are key to success.

5. HAZOP & FEMA Hazard and operability studies and failure modes effects analysis are quantitative technique failure 6 SWOT & PESTLE Analysis Strength, Weakness, Opportunity, Threats and Political, Economic, Social , Technological , Legal , Environmental analyses offer structured approaches to risk identification

HAZOP- Systematically identifying & documenting hazards & operating issues. SAFETEC- An ABS group Company.