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RISK MANAGEMENT BLOG

Chris McDonald

Recent Posts by Chris McDonald:

Your Introduction to a Complete Risk Mitigation Plan

 
A risk mitigation plan  is often applied as a series of tasks in addition to those that were originally on the list of activities to ensure a greater probability of business success and continuity. The risk mitigation plan basically identifies those specific triggers that monitor the escalating proximity of a given risk.
 
As risks become manifest, the risk mitigation plan defines what actions need to be taken and who is responsible for implementing those actions.

The Significance of a Risk Map

Please note that we've updated this blog post! Please see the current versions: "The Importance of Risk Mapping" and "How to Build a Risk Map". 

A risk map prioritizes a particular identified risk according to its significance and likelihood and further goes on to sort the risk into four distinct quadrants. The purpose of a risk map is to identify, quantize and qualify a group of business risks which could impact a company’s ability to accomplish its business strategies.

Obviously a risk map is complex business and you need to know how to go about it.

Your Reliable Sample Business Continuity Plan

 
To choose your sample business continuity plan  with accuracy, you need to understand what a sample business continuity plan does for starters. Ideally, a sample business continuity plan should ensure maximized service levels, efficient recovery from interruptions as well as minimized risk impacts.
 
There are many different web-based businesses out there providing you with sample business continuity plan and you need to be able to differentiate between them.

The Don'ts of Risk Management

 
If you are an inexperienced project manager, there are risk management  facts you don't want to learn the hard way.
 
Perhaps the most important thing about risk management is not skipping steps to save time. There is absolutely no easy way out of risk management. You should never take the probability and impact assessment of risks lightly.
 
If you are hoping to undertake adequate risk management, there are a couple of don'ts you should know about.

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