When is a risk not a risk?

how to distinguish risks from non-risks, particularly from their causes and effects.

Informazioni sul contenuto

One of the most common failings in the risk management process is for the risk identification step to identify things which are not risks.

Clearly if this early stage of the risk process fails, subsequent steps will be doomed and risk management cannot be effective. It is therefore essential to ensure that risk identification identifies risks.

This paper addresses two key requirements for effective risk identification. The first is a clear understanding of what is meant by the term “risk”. The second is to be able to distinguish risks from non-risks, particularly from their causes and effects.

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Informazioni sull'autore

David Hillson

Dr David Hillson PMP FAPM is an international risk management consultant, and Director of Risk Doctor & Partners (www.riskdoctor.com). He is a popular conference speaker and award-winning author on risk. He is recognized internationally as a leading thinker and practitioner in the risk field, and has made several innovative contributions to improving risk management. David is an active member of the global Project Management Institute (PMI®) and received the 2002 PMI Distinguished Contribution Award for his work in developing risk management over many years. He is also a Fellow of the UK Association for Project Management (APM) and a Fellow of the UK Institute of Risk Management (IRM).