Description
Modules
Risk Management
Risk Management provides comprehensive coverage for managing all aspects of risk which is crucial for achieving the very best outcomes in the ongoing management & development of any client account.
Risk management is a process which enables you to identify, assess, classify, action & monitor any identified risk in order to either eliminate, reduce, share or maintain it.
So, there are always choices:
- Avoid the risk by eliminating the probability or by not undertaking the activity in the first place.
- Reduce the probability and/or severity of the risk or extend the timescale of the specific activity.
- Share the risk with a third party by either transferring it (outsourcing) or taking out insurance cover.
- Keep the risk at its current level of probability & severity, accept the potential consequences and budget accordingly, together with contingency planning.
This module explains how to manage risk for the client account overall, work/service/people/product contracts and sales & marketing.
Total Checks & Tips: 126
“although often generating significant extra revenue, change is the biggest risk of all which can destroy timescales, jeopardise working relationships & eat profits”
