Wednesday, February 24, 2010

Reflections on risk management

Risk management is the use of tactics formal managers to identify, assess and predict risks for the efforts you are ready. It 'important that the leaders of the time before the beginning of a new company (if it is a formal project or a new approach to service delivery company) to undertake an evaluation of risk management. When a leader engaged in a new company, without taking the time on the risks that may arise, then I think it is truly a leaderPreceded prepared for the things that would face a possible error. Since the process of risk management is not all that time is very short leader to start a business without regard to risk management.

There are three types of personality in the standard view of how leaders approach risk management. First, there is the danger, the unpleasant nature of leadership. This guide will try to avoid the risks, especially to increase the pot. ThisThe market leader is to choose a path or a different approach to the task, if there was no evidence of danger. This in itself is a form of risk management in order to avoid the easy choice.

Secondly, there is a risk-neutral leader. This guide applies both to avoid the risk, or choose the path of danger. Even if these leaders can not avoid the view that the use in choosing or accepting a risk approach. This guide is absolutely necessary to develop a plan to manage risks, sinceE 'possible, the risk may be vulnerable road approved.

Thirdly, there is a risk, looking kind of leader. This general guide, choose the way that the risk tends to go, and more likely to choose to take the risk if the risks are greater. Sure, it is important that these leaders drew up a plan for risk management.

When risk management into consideration, we must also determine the level of certainty about the likelihood of risk. There are three levels ofcertain that we imagine. Are you sure, designed, and uncertain. Predict the value of some of the leaders, with an accuracy of 100% of the risk and possible outcomes. The height of the fund manager can not be expected to predict with certainty the possible situations and outcomes should occur, the likely risks. The amount is uncertain, the operators did not reliably predict the outcome or potential risks should occur. This is important for managersFactor in planning strategies to reduce risks or to neutralize them.

What types of risks, a leading provider may need to consider? In the business world, there are four categories of types of risk, a leader must take into account. There are risks of the project are the risks for the program. These risks are related to things such as funding, schedule, contractual relationships, and there are political risks for a project or program.

Other risks: technical risks, which include items such as performanceproduct development risk that may occur during production, and obsolescence. The information is outdated, the risk that products may be obsolete before it hits the market. There is also a risk, as the engineering of doing things, such as reliability are the product (as the product for normal use), the operation of the product (the product so effective as expected), maintenance (maintenance) and training is the product of (special training is required).Finally, it is the kind of production risks, which covers issues such as the package is in terms of consideration, manufacturing and materials available. This is only the operational aspects of production.

Here are some useful questions to consider as they begin to assess risks and risk management. A leader can be identified, and all the risks? The answer is probably no. In short, the future is not always clear, particularly in the production andproduction, it is almost impossible to identify all the risks. If a head, also trying to identify all the risks? The answer is probably no. (Did you see that?) For all these reasons I have mentioned, and because a leader can try to keep as precious, a business risk, it is better to think that only a certain amount of time to use reflection, then forward.

Some thoughts on risk control. Knowing what a leaderhave an aversion to risk seeking risk-neutral or risk. Assess the level of security about their risks. Is it safe to wait, or insecurity? If provided, what are the signs? Also note the participation of teams in the process. If you are committed to make or accept or indifferent? So quiet, you can leave the leader (you)? If yes, this is not good, and as leaders, must make to the process.

Keep Lessons LearnedAfter each session or event. Make sure that the exchange of knowledge, such as silos of risk are more devastating to a team. Develop a strategy to reduce their level of risk management. This is a conditional statement, which reads as follows: If the risk occurs or seems imminent, the approach to reduce or mitigate the damage they cause. Since the implementation of the strategy simple and clear.

Enter your plan for risk management in a formal manner. Cana simple set of states of decomposition, could be a document or a more formal and participative. There are some very good models for risk management (plans are available some are free, others not). That the chosen strategy, have a plan for risk management. Duda reduce stress, and may be able to leave on time and on budget.

Thanks To : ">House Sale 2

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