Risk Management Overview

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(References)
(References)
Line 43: Line 43:
  
 
<ref name="PMBogen">H. Pearson, "Project Management", ''Pearson Education Limited'', 4th. Edition (2010):.</ref>
 
<ref name="PMBogen">H. Pearson, "Project Management", ''Pearson Education Limited'', 4th. Edition (2010):.</ref>
<ref name="iso31000sme">ISO, "31000 Risk Management for smes", ''ISO'', (2015):. \url{https://www.iso.org/iso/iso_31000_for_smes.pdf, Visited 07-02-2018</ref>
+
<ref name="iso31000sme">ISO, "31000 Risk Management for smes", ''ISO'', (2015):. https://www.iso.org/iso/iso_31000_for_smes.pdf, Visited 07-02-2018</ref>
 +
<ref name="iso31000">ISO, "31000 Risk management — Principles and guidelines", ''INTERNATIONAL STANDARD'', (2009):. </ref>
 +
<ref name="RiskMatrixPicture">CGE Academy, "Risk matrices", (2018):. https://www.cgerisk.com/knowledgebase/Risk_matrices, Visited 05-02-2018</ref>
  
  
  
  
 +
@Misc{ResidualInherent,
 +
author = {Nasdaq},
 +
title = {{ASSESSING RISKS: INHERENT OR RESIDUAL}},
 +
howpublished = {\url{http://www.bwise.com/blog/assessing-risks-inherent-or-residual/obj5382859}},
 +
year = {2018},
 +
}
  
 +
@Misc{KnownKnownsWiki,
 +
author = {Wikipedia},
 +
title = {{There are known knowns}},
 +
howpublished = {\url{https://en.wikipedia.org/wiki/There_are_known_knowns}},
 +
year = {2018},
 +
}
  
  
 +
@book{HowToDoProjects,
 +
  title = {How to Do Projects:},
 +
  language = {eng},
 +
  publisher = {Dansk Standard},
 +
  pages = {159 p.},
 +
  year = {2017},
 +
  isbn = {978-87-7193-031-3},
 +
  author = {Geraldi, J. and Thuesen, C. and Oehmen, J.}
 +
}
 +
 +
 +
 +
 +
@Misc{TreatRisks,
 +
author = {Chartered Accountants},
 +
title = {{Treat Risks}},
 +
howpublished = {\url{https://survey.charteredaccountantsanz.com/risk_management/midsize-firms/treat.aspx}},
 +
year = {2018},
 +
}
 +
 +
 +
@book{RiskTreatBook,
 +
  title={Effective Opportunity Management for Projects: Exploiting Positive Risk},
 +
  author={Hillson, D.},
 +
  isbn={9780824748081},
 +
  lccn={2003063521},
 +
  series={PM Solutions Research},
 +
  url={https://books.google.dk/books?id=BR4hngEACAAJ},
 +
  year={2003},
 +
  publisher={Taylor \& Francis}
  
  

Revision as of 10:10, 10 February 2018

Contents

Abstract TEST

Here you will write your draft for your wiki article, include at least 1 reference. After add your abstract down in this page there is three buttons: Save page Show preview Show changes This buttons are self explanatory, but I recommend to in this first time to press the "show preview" button so you will see the initial changes in your wiki page. For more information, go to the "help" button on the left column of the page

According to scientists, the Sun is pretty big.[1] The Moon, however, is not so big.[2]


Test [3] [4] [5] [6] [7] [8] [9] [10] [11]

Abstract

Projects are part of a dynamic and fast changeling world. Therefore there are a degree of uncertainty and unpredictability in projects. In-order to minimize uncertainties and unforeseeable events related to the project, risk are identified and managed throughout the project life cycle, Rumsfeld's Unknown-Knowns and Risk categorization (mitigate, control, monitor).

Risk management is impotent tool to use in project management, even-though the Risk management is only estimates of potential future situations. Risk identification help the manager get an overview of potential obstacles that can occur or prevent the team from achieving their goals. By identifying the risks, managers can map them and initiate appropriate measurements to counter them. Risk management is highly impotent discipline and is therefore present in most projects.

The Risk Management Process is devided in to seven steps [kilde XXX]

The risks are identified and managed by using quantitative \& qualitative tools. This Wiki-article will focus on Risk categorization, Risk Matrix, actions to take against identified risks and Rumsfeld's Unknown-Knowns. Furthermore describing inherent and residual risks, and parameters which a company can use to measure impact. At last limitations and advantages of Risk Management will be discussed

Please note that this article only covers the risk (threat) management of a project and does not look in to opportunities management (risks with positive effect). Furthermore this article will give a brief overview of other relevant reading material.

Further Reading Material

Risk Management in Renewable Energy Projects

Risk management

Risk and Opportunities Management

References

  1. E. Miller, The Sun, (New York: Academic Press, 2005), 23-5.
  2. R. Smith, "Size of the Moon", Scientific American, 46 (April 1978): 44-6.
  3. H. Pearson, "Project Management", Pearson Education Limited, 4th. Edition (2010):.
  4. ISO, "31000 Risk Management for smes", ISO, (2015):. https://www.iso.org/iso/iso_31000_for_smes.pdf, Visited 07-02-2018
  5. ISO, "31000 Risk management — Principles and guidelines", INTERNATIONAL STANDARD, (2009):.
  6. CGE Academy, "Risk matrices", (2018):. https://www.cgerisk.com/knowledgebase/Risk_matrices, Visited 05-02-2018
  7. Cite error: Invalid <ref> tag; no text was provided for refs named ResidualInherent
  8. Cite error: Invalid <ref> tag; no text was provided for refs named KnownKnownsWiki
  9. Cite error: Invalid <ref> tag; no text was provided for refs named HowToDoProjects
  10. Cite error: Invalid <ref> tag; no text was provided for refs named TreatRisks
  11. Cite error: Invalid <ref> tag; no text was provided for refs named RiskTreatBook
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