2.10 Lesson 2 summary

  • The risk management process consists of identification and classification, analysis, management measures and reporting
  • One of the most used classifications is to divide risks into four categories: 1) Strategic risks, 2) Operational risks, 3) Economic risks, 4) Hazard risks
  • Standard scales can be used to assess the effects and probability of risks.
  • A risk matrix visualizes risks according to their significance and probability. It helps to prioritize risk management.
  • A risk portfolio is a way of managing the organization’s risks as a whole. It also helps to report and guide risk management.
  • A risk portfolio can connect to the organization’s other management portfolios and systems.

Kysymyksiä oppitunnista 2.