Risk management enhancement , Project Management

Risk management enhancement 

There is scope for risk management scenario and the following are some of the methods suggested:  

Bringing increased awareness of risks:  Improving the awareness of risk and risk management, having a well-documented system, communicating the risk management plan and a continual review would bring all round development 

Reporting: Risk Reporting should be more robust to enable stakeholders to have a good view 

Specialised departments:  Creating specialised departments ensures better monitoring, control and formalisation 

Senior management involvement:  Greater care of senior management through frequent reviews would enhance management of risks. 

Risk alignment: Risk processes must be integrated with not only business functions but also with strategic planning  

Posted Date: 9/25/2012 6:50:18 AM | Location : United States







Related Discussions:- Risk management enhancement , Assignment Help, Ask Question on Risk management enhancement , Get Answer, Expert's Help, Risk management enhancement Discussions

Write discussion on Risk management enhancement
Your posts are moderated
Related Questions
Value Engineering

HELP WITH ASSIGNMENT

Organisational Structures The project organisational structure facilitates coordination and implementation of project activities. It should be designed to include the essential

J, the Finance Director, is preparing for an important negotiation with P, the Marketing and Sales Director, regarding the way the company's sales targets will be set in the future

Question: (a) The National Printing Company has been losing customers and orders due to various delays and errors. The Company wants to identify the problems that might be con

Number of post-release defects (found by clients in field operation), categorized by level of severity Ratio of defects found internally prior to release (by inspections and tes


1. Which product /service you propose to work on this quarter? From which company? Which product category does it belong to? Describe the product/service you will market briefly.

QUESTION a) Project management activities are carried out in a planned manner. List the distinguishing characteristics of a project? b) During project management meetings, t

S Company has been awarded the contract for the refurbishment of a local hotel. The overall timescale for the project has been agreed at 30 weeks (a high fast completion for this s