MANAGING RISK

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MANAGING RISK

• ISMU KUSUMANTO
• JURUSAN TEKNIK INDUSTRI
• UIN SULTAN SYARIF KASIM RIAU

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FILOSOFI

• Great deeds are usually wrought at great risk

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RISK EVENT GRAPH
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THE RISK MANAGEMENT PROCESS
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STEP 1 RISK IDENTIFICATION

• The risk management process begins by trying to
  generate a list of all the plossible risks that
  could effect the project.
• One common mistake that is made early in the risk
  identification process is to focus on
  consequences and not on the events that could
  produce consequences.
• The focus in the beginning should be on risks
  that can effect the whole project as oppose to a
  specific section of the project or network. An
  effective tool for identifying specific risks is
  the work breakdown structure (WBS).

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STEP 2 RISK ASSESSMENT

1. The undesirable event
2. All the outcomes of the events occurrence
3. The magnitude or severity of the events impact
4. Change probability of the event happening
5. When the event might occur in the project
6. Interaction with other parts of this or other
   projects

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STEP 3 RISK RESPONSE DEVELOPMENT

• Mitigating risks
• Avoiding risks
• Transferring risks
• Sharing risks
• Retaining risks
• Technical risks
• Schedule risks

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STEP 4 RISK RESPONSE CONTROL

• Executing the risk management strategy
• Monitor risks
• Controlling the cost of risks is documenting
  responsibility
• Risk management is not formalized, responsibility
  and responses to risk will be ignored it is not
  my area

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TERIMA KASIH