Risk management
Every organization, every asset, and every project, program, or portfolio of projects faces risks: events that can occur and have (often negative) consequences. Consider, for example, an event that jeopardizes the performance of an asset or hinders the progress of a project or program. Risks are often negative, but in some cases, they actually create new or different opportunities.
Risk management
Risk management is the explicit identification and proactive management of risks to achieve objectives. These can be objectives for a specific project, but also for a department, or even the entire organization. Within risk management, the focus tends to be on doom-mongering. The people at Delta Pi challenge you to shift that focus to goal-oriented thinking . By focusing on the objective (and not just the risks), your organization is better able to manage threats and uncertainties and seize opportunities—opportunities you would likely have missed due to doom-mongering.
The team at Delta Pi supports you in strategic, project, program, and/or portfolio risk management. We have in-depth knowledge of the technical aspects and have various methods and techniques . We are also happy to help you implement risk management within your organization and processes.
The Delta Pi approach
Risk management is a customized approach: every issue requires a different approach. By starting with the Risk Maturity Scan, we'll work with you to determine the scope of the assignment. We'll measure your organization's risk management maturity and determine the actual needs. Is there a need for "only" specialized knowledge, or is there also a developmental challenge, and can we train stakeholders or involve them in the process in some other way? By mapping out the objectives, as well as the context and preconditions, we ensure, both ourselves and you, that we're working on the right things.
Implementing risk management
If it appears that there is a need to implement risk management within the organization, we will start working with the Delta Pi Improvement and Change Vision ©.
- We begin by developing a (transition) roadmap that defines objectives and a timeline. This roadmap provides direction and support throughout the entire process.
- We'll take a phased, targeted inventory of the required improvements, which we'll document in an improvement agenda. This agenda outlines concrete improvement steps related to the seven themes from the Risk Maturity Scan.
- By implementing the improvement steps together, we not only help your organization develop risk management but also ensure that the approach is implemented and institutionalized at both the process and organizational levels. In other words, we address both the methodological and organizational aspects.
Perform risk management
If it appears that there is a need to identify and manage risks related to a project, program, or portfolio, our approach is as follows:
- Together, we'll identify risks in a structured manner through well-prepared brainstorming sessions with experts within your organization. We'll clearly identify potential risks and their causes and consequences.
- In the risk analysis, we describe the risks, their consequences if they occur, and the measures needed to manage threats and capitalize on opportunities. If a risk is unmanageable, we describe how the consequences can be minimized.
- Once we've identified all the risks and consequences together, we weigh each risk. We do this using a risk matrix, which we use to determine the risk tolerance level: which risks require action and which don't?
- In the final phase, we move from analysis to management. We specify the measures for the risks requiring action and help you implement the necessary measures to manage the risks or reduce their likelihood of occurrence. If that's not possible, we ensure you mitigate the consequences of the occurrence.
Whatever approach we choose, we always strive for a situation where risk management becomes an integral part of your organization, project, program, or portfolio. Want to know more?
