Professional Documents
Culture Documents
9.1
C
6
E
6 3.1
A
7
6
0
F
0 D 16.1 18.1
B 16.1 18.1
4.3 2
4.3 7.8
8.3
- 3.5 S
How to use pert diagram in risk
management?
We can identify high risk
activities(having high variance)
We can identify routes with high variance
We can allocate buffer for high risk
activities
We can allocate route managers for high
risk paths as per pert diagram
Risk Mitigation
How to respond to risk?
- Minimize the likelihood of risk event
- Minimizing the chance of damage
Risk mitigation
A.Minimize the likelihood of risk event
- Relationship with suppliers and
stakeholders
- Proactive management
RISK MITIGATION
B.Minimize the damage
Analyze the risk during planning
Continuous monitoring
Plan for the back up
Transferring risk
Sharing the risk