Risk Management

Check out our Risk Management Training Courses

Check out the risk management
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If you ignore a risk, you are already taking it

No matter how well you plan ahead, nothing ever seems to go according to plan. Risk management improves program management results by ensuring that risks are identified and proactively managed through the life of the program.

According to Systems Engineering Support Office Chief Mike Zsak, from the U.S. Office of the Under Secretary of Defense (Acquisition and Technology):

"Risk Management is a program management responsibility and is the act or practice of controlling the risk drivers that adversely affect the program. It includes:

the process of identifying, analyzing, and tracking risk drivers,
assessing the likelihood of their occurrence and their consequences,
defining risk-handling plans, and
performing continuous assessments to determine how risks change during the life of the program."

The key to successful risk management is the use of a proven and documented process. The PBSi Risk Management Process has been applied to hundreds of projects, ranging from shipbuilding to worldwide information technology projects.

PBSi's proven approach to risk management provides independent decision support to:

Identify and facilitate risk communications across disciplines and organizations:
Analyze their relative severity and urgency:
Identify high pay-off risk mitigation strategies
Track actions and risk status
Control and evaluate the process effectiveness (double loop learning)

PBSi uses our Risk Management Process to provide:

Independent Risk Assessments

Continuous Risk Management

Team Risk Management Services

PBSi provides tailored risk based project planning support to management teams. This ensures that risk management is achieved in an open communications and learning environment and is not influenced by the risks and rewards of the organization.