Many businesses do well in identifying risks in their projects, and document these in Risk Registers, but then they fail to follow through to develop and implement effective risk responses. As a result, risk exposure remains unchanged and people think the risk process has failed. Risk responses must be appropriate, affordable and achievable, and need to be turned into action if they are to make a difference.
- From analysis to management via response – the need for action to change risk exposure
- Adopting a strategic approach to respond to risk
- The eight basic risk strategies for threats and opportunities
- Secondary risks – when responses make things worse
- Ensuring effective action – the Seven A’s.
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