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Risk management - Concept map

"Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives, whether positive or negative) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. ... Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.

The strategies to manage threats (uncertainties with negative consequences) typically include transferring the threat to another party, avoiding the threat, reducing the negative effect or probability of the threat, or even accepting some or all of the potential or actual consequences of a particular threat, and the opposites for opportunities (uncertain future states with benefits)." [Risk management. Wikipedia]
The concept map example "Risk management" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Concept Maps solution from the area "What is a Diagram" of ConceptDraw Solution Park. Read more
Concept map
Concept map, concept map,

How to Manage Problem Solving Using Seven Management and Planning Tools

Stage by stage gouide on using visual tools to move toward solving the problem. Read more
7 MP Tools
7 MP Tools

How To Create Risk Diagram (PDPC)

Article on how to identify possible risks when carrying out corrective actions, and define preventive actions Read more
Seven Management and Planning Tools
Seven Management and Planning Tools

ConceptDraw PROJECT Project Management Software Tool

ConceptDraw PROJECT is simple project management software. If you are on the fast track in your career and start facing such challenges as coordination many people, coordination tasks and works, manage project with a great deal of time and money involved - it is the right time to get Project management tool involved in your work. Read more

concept map, concept mapping Concept Maps

concept map, concept mapping
The technique of concept mapping was developed as a constructive way of representing knowledge in science and increasing the meaningfulness of learning. Now, the creation of a concept map is extremely helpful when used in education as learning and teaching techniques that assist memorization. Concept maps are also used for idea generation in brainstorming sessions, and for detailing the structure of complex ideas. Read more

seven management and planning tools Seven Management and Planning Tools

seven management and planning tools
Seven Management and Planning Tools solution extends ConceptDraw PRO and ConceptDraw MINDMAP with features, templates, samples and libraries of vector stencils for drawing management mind maps and diagrams. Read more