Risk Management: Portfolio, Product, Program and Project
Many existing standards and approaches to risk management have proven to be ineffective and often misleading leaving corporations vulnerable to expensive blunders and worse. Risk management continues to be the weakest link in corporate decision making. From a decision-making perspective, risk management is a two-filter portfolio decision-making process. Knowledge about risk is only informative, meaningful, and useful if it supports decision making.
Applying a common and consistent risk management method and primary metrics across the many functions and processes in your corporation is key to improved corporate-wide decision making. These functions and processes include:
- Project Risk Management
- Program Risk Management
- Quality Risk Management
- R&D Portfolio Risk Management
- Supply Chain Risk Management
- Cyber Threat Risk Management
- Product and Product Launch Risk Management
- Site Risk Management
- Information Technology Risk Management
- Business Start-Up Risk Management
- Acquisition and Due Diligence Risk Management
Effective and efficient risk management in all of these areas can be achieved with a common and proven risk assessment method empowered by PRO Enterprise Management Methods and Analytics with minimal effort and cost.