Risk Management

Manage Risks with a Structured Process

• Identification and enumeration of the risks
• Compilation of type, causes and effects
• Assess the likelihood of occurrence and possible effects
• Risk assessment by comparison with previously defined criteria of risk acceptance (e.g. from standards and norms)Risk management through measures
  • Reduce the likelihood of occurrence (mitigate)
  • Make consequences manageable (and accept)
  • Transferring risks (transferring)
• Risk monitoring with the help of parameters that provide information about the current risks (risk indicators)
• Documentation of all processes that take place in connection with the risk analysis and assessment