The risk management plan includes identifying, analyzing and responding to unexpected or uncertain events.

1. Risk Management Planning

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Risk Management Planning
• A risk is any uncertain event or condition that might affect your project.
• Not all risks are negative. Some events (like finding an easier way to do an
activity) or conditions (like lower prices for certain materials) can help your
project. When this happens, we call it an opportunity.
• There Various factors should be identified in order to analyze risk, including:
• What could happen?
Event
• How likely is it to happen?
Probability
• How bad will it be if it happens?
Impact
• How can you reduce the Probability (and by how much)?
Mitigation
• How can you reduce the Impact (and by how much)?
Contingency

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Ways for handling risk
• There are four basic ways to handle a risk:
• If you can prevent it from happening, it definitely won’t hurt your project.
• The problem is that whenever we avoid a risk we also miss out on the benefits we could have
received for participating in the associated activity.
• In addition, not all risks can be completely avoided.
Avoid
• If you can’t avoid the risk, you can mitigate it. This means taking some sort of action that will cause
it to do as little damage to your project as possible.
Mitigate
• One effective way to deal with a risk is to pay someone else to accept it for you. The most common
way to do this is to buy insurance.
Transfer
• When we can’t avoid, mitigate, or transfer a risk, then by default we retain it, accepting full
responsibility for the potential loss.
Accept

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Risk management process
Identify risk
• It is important to identify as many of these risk factors as possible. As even the minutest details need to be taken
care of.
• To identify risks, create a risk identification checklist that is specific to your project type.
Analyze the Risk
• Once risks are identified you determine the likelihood and consequence of each risk. You develop an
understanding of the nature of the risk and its potential to affect project goals and objectives.
Evaluate or Rank the Risk
• You’ll do this by assigning the risk likelihood a score from low probability to high probability. Then, you’ll map out
your risk impact from low to medium to high and assign each a score.
• This will give you an idea of how likely the risk is to impact the success of the project, as well as how urgent the
response will need to be.
Treat the Risk (Risk response)
• During this step you assess your highest ranked risks and set out a plan to treat or modify these risks to achieve
acceptable risk levels.
• How can you minimize the probability of the negative risks as well as enhancing the opportunities? You create risk
mitigation strategies, preventive plans and contingency plans in this step
Monitor and Review the risk
• Not all risks can be eliminated – some risks are always present. Such as market risks and environmental.
• In this step, you take your project risk register and use it to monitor, track and review risks.

5. 5
Our Services
5
Process Analysis & Improvement
Analysis is carried out to determine which
processes and process steps are value-adding or
non-value-adding and then work on enhancing the
effectiveness of each process.
Marketing Services
We offer to prepare your market
research, competition analysis &
marketing plan in Egypt or abroad.
Besides, we develop an international
market entry strategy if you want to go
global.
Operations Manual
The operations manual will contain the
basic knowledge that shows how the
brand will succeed and how the
franchisees will operate the business.
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Wherever you perform an
International Business Venture, SME
Consulting will be there to help you
to give powers to your business to
perform smoothly and easily.
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We help you to plan and choose the
suitable tools for your business
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staff to apply the transformation
successfully.
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We can help you to find the right
candidates, interviewing, selecting,
and outsource the right team.

6. Get in Touch
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