2. ABDULLAH ALKHADRAWY, PMP, RMP 2
The biggest risk is not taking any risk... In a world
that changing really quickly, the only strategy that
is guaranteed to fail is not taking risks
Mark Zuckerberg
Founder & CEO, Facebook.
3. ABDULLAH ALKHADRAWY, PMP, RMP 3
Prepared by
BSc.Civil Engineering (V. Good HONS) 2006
Graduation Project (Project Management)
2006.(Excellent graded)
Achieved PMI-PMP®April2011
Achieved PMI-RMP®April2016
Certified by Primavera Inc. ® : Advanced user for
Primavera P6 (2008).
Certified by Primavera Inc. ® : Advanced user for
primavera Contract Manager 12 (2009).
Working as: Sr. Planning Engineer
Abdullah Ahmed Al-Khadrawy
4. Organizational risk management
• Strategic risk management is your organisation's response to these
uncertainties and opportunities. It involves a clear understanding of
corporate strategy, the risks in adopting it and the risks in executing it.
These risks may be triggered from inside or outside your organisation.
• Sharpening strategic risk management: PwC
ABDULLAH ALKHADRAWY, PMP, RMP 4
5. ORGANIZATION LEVEL RISK MANAGEMENT
1) Importance of the risk management for the organizations.
2)Risk Attitude.
3) Risk Planning.
4)Risk Methodology.
5) Risk Factors.
6)Implementation of Risk Management.
7) Lessons Learned.
ABDULLAH ALKHADRAWY, PMP, RMP 5
7. 1) Importance of Risk Management
ABDULLAH ALKHADRAWY, PMP, RMP 7
• The risk management importance should be at the same level for you, that you
seek the success.
• Managing the business risk with professional manner, increases the probability of
the business success, much more than the empirical common manner, while
neglecting and/or forgetting the risk management raises the possibility of failure.
• Organizations should detect and recognize the importance for the risk
management to the success of their business.
• Spreading the risk recognition thru the organization and directing all the force of it
towards the successful achievement of its goals, is a common responsibility
between the persons who are holding the leading positions in the organization.
8. 1) Importance of Risk Management
MINOR
MAJORITY
NOT APPLIED
SUCCESS FAILURE
ABDULLAH ALKHADRAWY, PMP, RMP 8
LOWER
HIGHER
EMPIRICAL
APPLICATION
SUCCESS FAILURE
ALMOST FAIR
APPLIED SOMEHOW
PROFESSIONAL
SUCCESS FAILURE
MAJORITY
MINOR
PROFFESSIONAL
APPLICATION
SUCCESS FAILURE
Business success probability, based on the degree of Risk Management applied.
9. Risk comes from not knowing what you're doing.
ABDULLAH ALKHADRAWY, PMP, RMP 9
Warren Buffett
CEO, Berkshire Hathaway
10. Risk appetite
the degree of uncertainty an entity is willing to take on, in anticipation of a reward
ABDULLAH ALKHADRAWY, PMP - PMBOK 5TH. 10
Risktolerance
the degree, amount, or volume of risk that an organization or individual will
withstand
Riskthreshold
measures along the level of uncertainty or the level of impact at which a stakeholder
may have a specific interest. Below that risk threshold, the organization will accept the
risk. Above that risk threshold, the organization will not tolerate the risk.
2) RISK ATTITUDE
11. 3) Risk Planning
ABDULLAH ALKHADRAWY, PMP, RMP 11
• Plan Risk Management is the process of defining how to conduct risk management
activities for the organization.
• Ensures that the degree, type, and visibility of risk management are commensurate with
both the risks and the importance of each objective to the organization.
• Organization level risk plan, should reflect the current strategic plan of the organization,
and serve the implementation of it.
12. 4) Risk Methodology
ABDULLAH ALKHADRAWY, PMP, RMP 12
• Each organization should have a clear view regarding the risk management
activities that should be applied to achieve its objectives.
• Establishing the strategic goals for the organization, should consider for the
risk parameters, then should guide the risk management through the
business processes using an active methodology.
• Each organization should either has a clear risk methodology, or pay the
necessary effort and time to prepare suitable one.
• The suitable risk methodology should serve the strategic goals for the
organization, then be reviewed periodically, and whenever necessary at
each update for the organization policy and/or goals.
13. 5) Risk Factors
ABDULLAH ALKHADRAWY, PMP, RMP 13
• Considering the factors that may affect (if happens) the organization
objective with positive or negative impact.
• Risk factors, may include - but not limited to-:
Strategic plan, business volume, market conditions, business
constraints, contracts, organizations process, and environmental factors
14. 6) Implementation of Risk Management
ABDULLAH ALKHADRAWY, PMP, RMP 14
• Applying the strategic risk plan of the organization, considering all the items
were included.
• Continuously increase the understanding, awareness, and the perception of
the organization members to the importance of risk management.
• Continuously improve the process of risk management to keep it sufficient
and compatible with the strategic goals of the organization.
15. 7) Lessons Learned
ABDULLAH ALKHADRAWY, PMP, RMP 15
• The degree of recording, considering, & applying the lessons learned; can be significantly
reflected to the level of maturity at which the organization acts.
• Not necessary to fall in the mistake nor wasting the opportunity to be recorded in the
record of the lesson learned in the organization, you have to learn from the significant
history of others .
• Lessons learned may come from opportunities (achieved or missed), and not necessary
come from mistakes or threats.
• Fall in certain mistake, or missing an opportunity more than once, reflects low degree of
recognition.