Risiko-Management kann Risiko nicht verhindern.Wenn aber etwas passiert, stehen Sie danach jedenfalls besser da als ohne.

Risiko-Management kann Risiko nicht verhindern.Wenn aber etwas passiert, stehen Sie danach jedenfalls besser da als ohne.

RISK MANAGEMENTRISK MANAGEMENT

Risk ManagementRisk Management

Risk Analysis is: Risk Analysis is:

Risk Analysis is not: Risk Analysis is not: a stand-alone tool

part of the strategypart of evaluation tools

part of every planning process

a remedy against risk

risky –– because it is composed because it is composed of estimates and calculationsof estimates and calculations

PrefacePreface

I.Mader, OSI/MD

Risk ManagementRisk ManagementSome typical fieldsSome typical fields

I.Mad

er, O

SI/M

D

Typically Engineering disciplines use a great variety of risk analysis tools to increase safety of their products, e.g. in aerospace. Basis is the analysis of failure modes, like in the FMECA (Failure Modes, Effects and Criticality Analysis), etc.

Insurance companies need to quantify the risk related to insurance contracts. The calculations are based on a large number of historic data.

Typically used by banks to quantify the risk related to the granting of credit funds.The calculations are based on a wealth of data available from the historic records.

Credit Risk Credit Risk

Insurance RiskInsurance Risk

Risk in EngineeringRisk in Engineering

Project RiskProject Risk Following the example of the above disciplines, risk assessment was integrated into project management, like in the field of logistics, etc. Problematic: Often little historic data available.and many more…and many more…

Risk ManagementRisk Management

Risk Identification Risk Identification

Risk QuantificationRisk Quantification

consists ofconsists of

I.Mader, OSI/MD

Risk Monitoring & EvaluationRisk Monitoring & Evaluation

Note:Risk Management needs to be taylored to each project. If risk analysis is absent, appropriate measures cannot be taken and the risk of damage/loss is may be high.If risk analysis is over-prioritized, the project might not proceed to being operational or be much delayed.

Assessment, scenario analysis, process analysis, PHA (preliminary hazards analysis), FMECA (failure modes, effects & criticality analysis),FHA (functional hazard assessment), …

Localization of fields of potential risk, establishment of strategic context

Risk ManagementRisk Management

ContextEstablishment

MonitoringEvaluation

RiskAssessment

RiskTreatment

Figure from: CTBT/PTS/INF.471OSI Health & Safety Concept

Done according to an assessment and evaluation framework developed for each project

Risk ManagementRisk ManagementWays how to treat riskWays how to treat risk

1. Risk Avoidance 1. Risk Avoidance

2. Risk Reduction2. Risk Reduction

3. Risk Retention3. Risk Retention

4. Risk Transfer4. Risk Transfer

DamageDamage

ProbabilityProbability

*

*

* **

*

**

Risk (R) = Probability (P) x Damage (D)

* *

*

*

*

InsuranceInsurance**

Ris

k R

educ

tion

(pro

tect

ion)

Risk Avoidance(prevention)

e.g. accept loss when it occurs,either because the loss is negligible,or there is no insurance possible (likepremium to insure against hurricane)etc.

e.g. buy insurance

e.g. take protective measures

e.g. prevention

* Insurance does not protect from damage of reputation

acceptable

acceptable

not acceptable

not acceptable

Expertise aufbauen zum Beispiel hier:

Risk Management MSchttp://www.donau-uni.ac.at/wuk/rim

International Information &Communication Systems Managementmit Fachvertiefung Risk Managementhttp://www.donau-uni.ac.at/wuk/icm

Isabella Mader, MScLehrgangsleiterin International Information &Communication Systems Management MSc http://www.donau-uni.ac.at/wuk/icmZentrum für Wissens- und Informationsmanagement IS0 9001:2000 CERTIFIED

Donau-Universität Krems Dr.-Karl-Dorrek-Str. 30, A-3500 Krems, Austria Mobil: +43-(0)699-102-55-124 Phone: +43-(0)2732-893-2335Fax: +43-(0)2732-893-4335www.donau-uni.ac.at/wim