Risk Management is a key aspect of both Programme and Project Management and needs to be considered alongside each of those disciplines. These are structured processes that allow individual risk events and overall project risk to be understood and managed proactively, optimising Project and Programme success by minimising threats and maximising opportunities.
Every organisation attempts to manage the risks that it encounters, although not always in an organised and consistent way. By adopting a structured approach to the Management of Risk an organisation can make use of proven methods, tools and techniques to identify and manage risk. This, in turn, will lead to better decision making through a clear understanding of the nature of the risks that the organisation faces, their potential impact, the probability that they will occur and the ways in which they can be mitigated or controlled.
Being primarily practitioners, we bring a great deal of practical knowledge and experience to an assignment. A key part of our approach is to achieve an effective transfer of that knowledge and skill, enabling our clients to reach a higher state of Risk Management maturity. So when we are called in to assist in the process of managing risk, or help our clients to do so, we encourage active involvement and participation. This establishes greater control during the life of the assignments and results in a smoother transition when they are complete.
Risk Management comprises an integral part of both Project and Programme Management, while in the wider sense it also forms a fundamental aspect of our core business of Security Consultancy and Information Assurance.
Our Management of Risk practice covers the following process steps:
- Identify and Record the Risk
- Analyse the Risk
- Evaluate or Rank the Risk
- Treat the Risk
- Monitor and Review the risk
Applying risk to Programme and Project planning to assist in delivering effective business change to time, cost and quality.