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
a) Provide a detailed evaluation of an equity investment decision in the current economic climate. Your briefing should include: i)  A review of the 'top-down' analysis tha

What are the steps of controlling in the management? All the steps comprised in controlling are as follows: • Purpose of standards of performance. • Measurement of defini

However proving a design defect can be difficult. Some of the factors used by the jury to asses s whether a product design is defective and unreasonably dangerous are: 1.The utili

Question 1: (a) Briefly discuss features of learning organizations. (b) Identify two pitfalls in implementing ‘Citizen's Charters' in public sector organizations. Ques

Explain the concepts involved in Product Layout and its advantages and disadvantages vis-a-vis process layout. 18 carpets were observed closely and the number of defects in thei

S Company has for many years been a long standing household name, designing and manufacturing electrical appliances for use in the kitchen. It has developed a strong culture over t

Determine the critical path by activities and duration. Activity          Duration (Wks)       Preceded by A                     5                               -

Q. What is a task manager? Terminology in the project business is extremely confusing. Different people as well as different organizations use different names to mean different

A project execution plan (written and graphical report) developing the strategy covering FIVE key areas: Some guidelines for each subject area are listed below, but the report s

Describe the ways in which IS and IT might help an organisation's human resource function perform its role effectively. Assisting HR planning. In order to construct robust HR s