Risk Management and Risk-Based Decision-Making Processes
Our risk management professionals assist decision-makers by providing the mechanism to make intelligent decisions with risk reduction as a key input.
Risk Management Processes
Risk management provides the mechanism to make intelligent decisions with risk reduction as a key input driver. Risk management provides a disciplined environment for proactive decision making in order to
- Proactively identify risks
- Prioritize risks
- Implement strategies for dealing with risks
- Assure and measure effectiveness of implemented strategies
SAIC's risk management analysts are experienced in managing risks throughout the life cycle of a project or program to provide improved decision making and effective utilization of resources, thus increasing the chances for success.
We supply risk management training to enable an organization to effectively perform identification, analysis, mitigation planning, tracking and management control for risks within their programs and projects.
Risk Management Components
The risk management processes provide mechanisms for integration and management of the crosscutting aspects of risk, horizontally and vertically.
| Risk Management Components | Description |
|---|---|
| Proactive risk identification | Identification of potential risks to achieving objectives and requirements throughout the project life cycle, using proven tools and techniques. Tools include taxonomy-based questionnaires, workshops, and integration of knowledge management. |
| Risk analysis | Determination of the likelihood of risk occurrence and the potential impacts, using consistent tools and scoring techniques. Analysis may be qualitative or quantitative, based on the nature of the risk. Prioritization techniques are applied to determine resource allocations. |
| Risk review and facilitation | Evaluation of progress and mitigation strategies by stakeholders. Risk review processes (informal/formal) include reporting, facilitation, decision making, and escalation methods to appropriately direct attention. The use of web-based risk tracking and reporting tools supports the process. |
| Customized training | Customization of training and focus on understanding risks in order to successfully meet objectives and achieve performance criteria. The use of web-based training tools accommodates distributed environments. |
Why SAIC?
Decision makers are faced with managing risks to achieve success within cost, schedule, technical, and safety constraints. SAIC performs risk management across all life-cycle phases of complex, high-risk programs. We also supply continuous risk management training to numerous organizations, enabling them to effectively perform identification, analysis, mitigation planning, tracking, and management control for risks within their programs.