To increase the chances of a proposed project succeeding; it is necessary for the organization to have an understanding of potential risks. To systematically and quantitatively assess these risks. Anticipating possible causes and effects, and then chooses appropriate methods of dealing with them. To ensure that any potential risks; are managed effectively. Risk management is […]
The risk management process is a framework for the actions that need to be taken. To manage the risk a total of five steps are necessary to take. The Risk Management Process involves these steps. These steps involve defining risks, then analysing them, then prioritises them, implements a response, and finally monitors them. In manual […]