Risk Management Approaches

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1、RiskManagementApproachesRiskManagementProjectsarerisky,uncertaintyishighProjectmanagermustmanagethisriskThisiscalled“riskmanagement”RiskvarieswidelybetweenprojectsRiskalsovarieswidelybetweenorganizationsRiskmanagementshouldbebuiltontheresultsofpriorprojectsRiskManageme

2、ntApproachesProcessing,managing,andcopingwithrisksThemaingoalofamanagementsciencemustbetoenablebusinesstotaketherightrisk.Indeed,itmustbetoenablebusinesstotakegreaterrisks-byprovidingknowledgeandunderstandingofalternativerisksandalternativeexpectations;byidentifyingtheresour

3、cesandeffortsneededfordesiredresults;bymobilizingenergyforcontribution;andbymeasuringresultsagainstexpectations,therebyprovidingmeansforearlycorrectionofwrongorinadequatedecisions.PeterF.DruckerBackgroundProjectmanagementoperatesinadynamicenvironmentthatisconfrontedwithvario

4、usrisksanduncertainties.Theprojectmanagersshouldconsiderallriskfactors,howthesefactorsinteract,andhowtobalancesubjectivebeliefsandinformationinassessingrisksanduncertainties,andtakingresponseactionsincontrollingrisks.ThenormalprocessesofriskmanagementDefiningtheproblemDeve

5、lopalternativesEvaluatingalternativesSelectingandimplementingthebestcourseofactionMonitoringtheperformanceofthesolutionEngineeringCouncil’sApproachTheGuidelinesonRiskIssuesdevelopedbytheEngineeringCouncildescribethemainactivitiesofariskmanagementprogrammeashazardidentific

6、ation,riskassessmentandriskcontrolasshowninfollowingfigure.AsiaEngineer,EngineersandRiskIssues(CodeofProfessionalPractice),HongKong,1994EngineeringCouncil’sApproachFirstofall,ittakesintoaccounttheexternalfactorslikegeneraleconomy,lawsandregulation,andtechnologicaldevelopment

7、.Withtheseinmind,theorganizationformulateariskpolicydescribingtheguidingprinciples.TheEngineeringCouncilproposedathree-phaseriskmanagementmethodologyinvolvinghazardidentification,riskassessmentandriskcontrol.EngineeringCouncil’sApproachExternalFactorsRiskPolicyHazardIdentifi

8、cationRiskAssessmentRiskControlRiskManagementMethodology(EngineeringCouncil