9/10/19
The 5 Step Risk Management Process • Identify potential risks •Measure frequency and severity • Examine alternative solutions •Decide which solution to use and implement it •Monitor results
K.I.S.S
Measure frequency and severity
A RISK MAP IS A VISUAL TOOL THAT DETAILS WHICH RISKS ARE FREQUENT AND WHICH ARE SEVERE (AND THUS REQUIRE THE MOST RESOURCES).
WHAT IS THE LIKELIHOOD OF A RISK OCCURRING AND IF IT DID, WHAT WOULD BE THE IMPACT?
17
Made with FlippingBook Online document