Risk management is identifying, evaluating, and prioritizing the risks to coordinate and implement economic resources to minimize, monitor and control the likelihood and / or the impact of the unfortunate events.
Project Risk Management

Risk is something that could happen and if it be positive or negative impact on the project. There are several points here. “It may happen” implies a probability of less than 100%. If probability of 100% – in other words, it will happen – it is a problem. Question is different than managing risk and we will handle the management issue in a later White Paper. It must also risk the chance just over 0%. It is a chance to happen or is not in danger.

The Risk Management Process

Risk Management is defined in the standard (AS / NZS 4360:2004) as “the systematic application of management policies, procedures and practices to the tasks of establishing the context, identify, analyze, evaluate, treat, monitor and communicate “.

The iterative process, each cycle consistently contributing to the improvement of the organization by management at about the risks and consequences reflect.

Risk can be applied to every level of organization, both in strategic and operational context, to specific projects, decisions and risk areas.

Define risk as “the chance of something happening that will have an impact on objectives”. It is, therefore, it is important to understand the objectives of the university, faculty, work unit or position, that is, before an application of risk analysis.
Simple Process

Risk analysis is best done in a group with each member of the group have a good understanding of the tasks and objectives of the area being analyzed.

1. Identify the risks: as a group, a list of things that might hinder your ability to meet your goals. You can even look at the things that should improve your ability to meet such goals. commercial fundraising opportunities. These are risks that example. loss of key employees; prolonged network outage IT, delays in the provision of other important information on the work unit / person, not the commercial opportunities, seize etc.