Choosing which projects to invest in is a strategic decision to be taken based on objective data. In this article, we explore the problem of subjectivity and analyze the solution that allows management to make decisions based on a business plan, in a rigorous and...
Qualitative and quantitative risk analysis are two very different processes. In this article we explain qualitative evaluation with an example taken from the video game industry.In general, qualitative analysis seeks to identify risks by using scales that summarize...
One of the most intangible tasks when managing risks is at the very beginning of the process. Not in designing procedures or planning, which is streamlined thanks to the efforts of the international community of experts in project management.No. The most fleeting task...
Risk management has a specific place in protocols and risk management models. In this article we will discuss the six steps to controlling risk for risk managers, as broken down in the PMBOK: planning, identification, qualitative analysis, quantitative analysis,...
If you want to become a risk manager, you will have to combine two types of training.On the one hand, you must be a specialist in a particular field. For example, if you want to be a risk manager in the field of medicine or pharmaceuticals, you’ll need medical...
What is a risk assessment matrix?The matrix presents a set of risks on a graph where the x-axis represents the impact of risk and the y-axis represents the probability. For example, the impact of a fire occurring at the warehouse of a distribution company will be in...
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