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

Question: In the year 2015, the price of petrol has gone up so much that the oil reserves of the Republic of Mauritius start to look interesting to exploit. The oil reserves ar

Characteristics of Process Planning Since a process is required to manufacture a product it is necessary to plan the process. Process planning comes after it has

Solve the following CPM/PERT Network Analysis problem: Given the following network and activity time estimates, determine (ES, LS, EF, LF) earliest and latest activity times, slac

Question: (a) Projects are widely known for their tendency to run late and over-budget. (i) Choose an organization of your choice and briefly describe the main risks to

Line Balancing Methods  The various line balancing methods or techniques used are: Heuristic Methods Linear Programming Kilbride and waste Methods

Q. Where can I get help in project management? There are several sources of help such as books educational programs active societies and the Internet. However why not just pick

Q. What is a project? The term project appears to be a buzzword that means a lot of different things to different people. Anything for instance from a secretary's "project" to

Do you think Acorn’s solution was good? Why or why not?

QUESTION (a) The project organization structure clearly identifies the relationship between project team members through defining their duties, responsibilities and lines of au