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Understanding risk management in small 7 steps (article preview) |
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Risk management means making steps in order to identify those risks with a highly probability of causing problems to a project, to analyze the probability of loss and the magnitude of loss for each risk and developing composed risks, to classify the risk points identified according to the composed risks they belong to.
Risk management problem is quite complex. When such a process is triggered, it must consider several issues in parallel.
In this article we detect seven rules (principles) that a risk management department should take into account when deciding to implement a enterprise risk management:
- how risk management works? (analyzing the relationship between asset - vulnerability risk);
- analyzing the internal and external factors;
- risk analysis in the software development cycle (when appropriate);
- identifying the appropriate timing for risk assessment;
- seeing the boundary between real fact, possible and impossible events (related to risk);
- seeing the limit between threat and opportunity (related to risk);
- seeing risk as a probability event.
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