Just because we set out to achieve something, doesn’t mean everything will go according to plan. We may need to be Adaptable, manage risks, and make appropriate adjustments as new situations arise. One way to do this is by going through a structured risk management exercise or process.

Why do you need a Risk Management Process?

Where there’s risk, there’s also opportunity. One doesn’t exist without the other.

The Risk Management Process is a structured way to ask questions about unintended outcomes. If you just start thinking about everything that could go wrong, you’d never start, or you’d worry about things that aren’t even within the scope of your project. The Risk Management Process helps you match your fears to the reality of what you’re trying to accomplish.

Objective

The very first question to ask is: “What do we want to achieve?”

Starting from your ideal scenario helps you hold the vision while working within reality.

Scope

Project

Operation

Region

Organization