Manage a risk

When managing a high-probability, high-impact risk event, it's crucial to review both the causes and consequences thoroughly. Effective risk management involves implementing control measures to mitigate the most probable causes and reduce the severity of the event'

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Where next?

If you have a risk event with high-probability causes, and severe impact, then you will need to take action and establish effective controls.

Review the causes of this event: have you taken enough measures to prevent the most probable causes?

Review the impact of this event: have you taken enough measures to reduce its effects?

To improve the management of this risk, implement the control measures that you have identified on both sides of the map.

Welcome!

Emerging new competitor

Causes

Poor service quality

Develop sales & service trainning

Lack of staff interrest

Endomarketing campaing

Consequences

Revenew drop

Sales growth

Delivery problems

Reorganize delivery department

Manage a risk

When managing a high-probability, high-impact risk event, it's crucial to review both the causes and consequences thoroughly. Effective risk management involves implementing control measures to mitigate the most probable causes and reduce the severity of the event'