Risk Analysis and Management for Projects. Risk Analysis Techniques - Problem-Solving Training from MindTools. Evaluating and Managing Risks Find out how to do a risk analysis, with James Manktelow and Amy Carlson.
Whatever your role, it's likely that you'll need to make a decision that involves an element of risk at some point. Risk is made up of two parts: the probability of something going wrong, and the negative consequences if it does. Risk can be hard to spot, however, let alone prepare for and manage. And, if you're hit by a consequence that you hadn't planned for, costs, time, and reputations could be on the line.
Risk Management - Tools and Techniques/Risk Matrix. The most important part of your risk management effort is process and the way you use it.
If you do not have a process yet, we recommend that you start using tools that will help you develop a process. The "Process Assets" compartment of this toolkit contains tools that can help you define, tailor, implement, and monitor a risk management process on your program or within your organization. These tools include guidance, steps, and descriptions of elements of the process. The "Support Assets" compartment of the toolkit contains detailed information that you can use at specific steps of the process.