Introduction to Risk Management - Software engineering

Introduction to Risk Management PDF Aims of this presentation: To explain why it is relevant To explain its components the “Risk Cycle”  Gui...

Introduction to Risk Management

Introduction to Risk Management  pdf
Introduction to Risk Management PDF

Aims of this presentation:

  • To explain why it is relevant
  • To explain its components the “Risk Cycle” 
  • Guidance on Preparing a “Risk Register” 
  • Guidance on Risk management techniques 
  • Guidance on Reporting on risks

What is Risk Management?

It is a process to:
  • Identify all relevant risks 
  • Assess/rank those risks 
  • Address the risks in order of priority 
  • Monitor risks & report on their management
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Risk Management – why do we need it?

  • Promotes good management 
  • Maybe a legal requirement depending upon industry or sector 
  • Resources available are limited – therefore a focused response to Risk Management is needed
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