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risk_management_in_corporate

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Ioan Gheorghe DUBAR Master AES, Anul I A risk is a combination of • the probability (OCCURRENCE) of an event, and • its consequence (SEVERITY/IMPACT) The purpose of Risk Management is to identify potential problems before they occur, so that risk-handling activities may be planned and invoked as needed across the life of the product or project to mitigate adverse impacts on achieving objectives. CMMI 2001 The organization shall prepare contingency plans to satisfy customer requirements in the event of an emergency such as utility interruptions, labour shortages, key equipment failure and field returns. ISO TS 16949 • Risk Management Planning / Strategy – decide how to approach, plan and execute the risk management activities for a project / company. • Risk Identification – determining which risks might affect the project and documenting their characteristics. • Qualitative Risk Analysis – prioritizing risks for subsequent further analysis or action by assessing and combining their probability of occurrence and impact. • Quantitative Risk Analysis – numerically analyzing the effect on overall project objectives of identified risks. • Risk Response Planning – developing options and actions to enhance opportunities, and to reduce threats to project objectives. • Risk Monitoring and Control – tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans, and evaluating their effectiveness throughout t ...
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