How do you summarize risks at program or company level?
Practical sheet REF: FIC1465 V1

How do you summarize risks at program or company level?

Author : Laurent VINCI

Publication date: April 10, 2015 | Lire en français

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 INTRODUCTION

The Risk Manager of a project team is in charge of implementing all risk management processes on the project.

To achieve this, the PMBOK includes the following processes:

  • risk management planning ;

  • risk identification ;

  • implementation of qualitative risk analysis ;

  • implementation of quantitative risk analysis ;

  • risk response planning ;

  • risk management.

Once this analysis is complete, the project is under control in terms of risk management.

However, the question arises as to which risks should be reported to governance bodies.

Which method to use :

  • to escalate the most significant financial risks to impact?

  • up the most important weighted financial risks?

  • ...

This questioning takes on an even more operational meaning when it's no longer a question of tracking the risks of a single project, but of an entire program.

This fact sheet provides some answers to these questions.

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