Risk Assessment & Analysis Techniques
|
| Tweet |
|
Free PDF Download Opening a New Office Location - By Jesse Hopps |
Risk Assessment & Analysis Techniques
Risk assessment is an area of concern for all senior executives, but many mid-sized enterprises do not have the skills, processes, or tools to effectively mitigate risks. Instead of reactively 'fire-fighting' and dealing with issues as they arise, consider adding simple risk assessment & analysis exercises to your project planning process. Download & customize Demand Metric's Risk Assessment Tool, Risk Mitigation Checklist, and Risk Analysis (Fishbone) Tool, and add to your skills arsenal.
What are the Key Components of Risk Assessments?
- Risk Identification - what is the event that could trigger a problem or risk?
- Expected Outcomes - how will this risk affect your project or company?
- Business Impact - how large is the threat to continued business operations?
- Probability - how likely is the risk to occur, given the information available?
- Risk Mitigation Plans - what's your contingency plan? Are controls in place?
Fishbone Diagrams - originally developed in Japan by a quality control expert, the fishbone diagram is an analysis tool that provides a systematic method for looking at effects and the causes that create or contribute to those effects. The fishbone diagram is excellent for categorizing potential causes of problems, identifying root causes, determining areas for data collection and studying why a process is not performing optimally.
Action Plan:
- Learn Risk Assessment Techniques - use Risk Analysis (Fishbone) Tool to identify potential risks, and then use our Risk Assessment Tool to document risks, outcomes, impact, probability, and risk mitigation strategies.
- Add Risk Mitigation to your Processes - use a Risk Mitigation Checklist in the planning phase for new projects to minimize your exposure to risks that can be anticipated, or have senior management sign off on accepted risks.
Related Articles
|
Free PDF Download Opening a New Office Location - By Jesse Hopps |
|
About the Author: Jesse Hopps RSS for Jesse's articles - Visit Jesse's website Jesse Hopps founded Demand Metric in October 2006 and is the active President & CEO, focusing on sales & product development. Prior to Demand Metric, Jesse worked as an independent consultant specializing in Internet Marketing and Business Continuity Planning. He began his career with the Info-Tech Research Group in London, Canada, where he helped contribute to their explosive growth. Jesse holds a business degree from the University of Western Ontario and lives in Panama City, Panama. Click here to visit Jesse's website. Successful PR Campaigns Market Research Guide Focus Groups Guide Branding Strategy Guide Email Marketing Tips |
Related Forum Posts
Share this article. Fund someone's dream.
Share this post and you'll help support entrepreneurs in Africa through our partnership with Kiva.
Over $50,000 raised and counting - Please keep sharing! Learn more.
Trending Articles
|
|
Like this page? PLEASE +1 it! |
Newsletter
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Popular Articles
Handling Angry Customers
Sales Rep Lame Excuse #83
Three Common Recruiting Mistakes to Avoid
Handling Angry Customers
Sales Rep Lame Excuse #83
Three Common Recruiting Mistakes to Avoid
Suggestions
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.







