- Definition of risk
- Risk examples: risk business case
- Different types of risks
- Risk management process
- Risk categories
Chapter Outline
- Define risk and provide examples
- Illustrate various risk areas
- Illustrate risk process areas in detail
- Determine risk mitigations
- Illustrate risk standards
Key Learning Points
- Learn and understand risk
- Identify risk areas
- Mitigate risk
- Understand what uncertainties exist
- Analyze and determine which events must have a planned response
- Adopt an approach for each risk event, defining what triggers a response
- Maintain risk plans
- Monitor risk occurrences
Definition of Risk
Risk can be defined as the possibility of gaining (good) or losing (bad) something such as financial benefits, ...
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