http://eiwiki.ro/index.php?feed=atom&target=Cristina_Sima&title=Special%3AContributions 2026-04-10T04:02:22Z From EiWiki MediaWiki 1.14.0 http://eiwiki.ro/wiki/Talk:Risk_management 2012-03-24T12:36:22Z

<p>Cristina Sima: </p> <hr /> <div>Contributors: Bogdan Dragotoiu, Cristina Sima, Maria Alexandra Baescu<br /> <br /> Hi both,<br /> <br /> I've just finished to read both articles on Risk managerment, and mainly I would like to write about what ideeas realy stuck in my mind and the ones which I think there true also I found 2 nice quotes which I would like to share. Hope that is ok with you, also!<br /> <br /> Regards,<br /> Cristina</div>

Cristina Sima http://eiwiki.ro/wiki/Talk:Risk_management 2012-03-14T08:20:44Z

<p>Cristina Sima: /* Definitions */ new section</p> <hr /> <div>Contributors: Bogdan Dragotoiu, Cristina Sima, Maria Alexandra Baescu<br /> <br /> == Definitions ==<br /> <br /> The first question to be asked on this topic is: &quot;What is a '''Risk'''?&quot;. Briefly and commonly known a &quot;Risk&quot; is:<br /> <br /> - The possibility of suffering a harm or lost.<br /> <br /> - An element, factor or way that includes unknown dangers.<br /> <br /> - An event that could happen and reduces the chance of success.<br /> <br /> In a Project management approach, it can be consider that: &quot;A risk is '''PROBLEM WAITING TO HAPPEN'''&quot;.<br /> To better understand and indentify a risk, it is indicated to look for some particular properties of it, like:<br /> <br /> - A Risk is an event in the '''future''', not in the present.<br /> <br /> - It '''could''' happen (is not a fact)<br /> <br /> - It is '''potentially''' harmful<br /> <br /> - It could increase, decrease, disappear or happen<br /> <br /> Now passing on to the second aspect of risk in an organizational and economic entity, it is time to ask: &quot;What is '''Risk Management'''?&quot;. We can define this concept as being: &quot;The process of identifying risks, analyzing the exposure to them and determining how to best handle such exposure in order to decrease the probability of a project failure&quot;.<br /> <br /> In practice, Risk Management has the following key elements:<br /> <br /> *Objective<br /> <br /> - Identify and qualify project risks<br /> <br /> *Directives<br /> <br /> - Identify project risks (3 to 5 risks)<br /> <br /> - Build risk statements<br /> <br /> - Identify project probability and loss, and calculate exposure<br /> <br /> - Rank risks<br /> <br /> *In group<br /> <br /> - Discuss the identified top n risks</div>

Cristina Sima