Risk Management Techniques

Risk Management Techniques

Risk Management Techniques Jonathan Poland

Risk management is the process of identifying, assessing, and prioritizing risks in order to minimize their potential impact on an organization. It is an essential element of effective business planning and decision making, as it helps organizations to identify and mitigate potential negative consequences that could arise from their operations or activities. The following are common risk management techniques and considerations.

Risk Identification
Risk identification involves a creative element as it is essentially a process of imagining the future. It is also approached using analysis and systems thinking.

  • Known Unknowns
  • Reference Class Forecasting
  • Risk Intelligence
  • Risk Register
  • Systems Thinking
  • Unintended Consequences

Risk Analysis
Modeling and measuring risk.

  • Acceptable Risk
  • Cone Of Uncertainty
  • Extreme Value Theory
  • Moment Of Risk
  • Risk Capacity
  • Risk Estimates
  • Risk Evaluation
  • Risk Exposure
  • Risk Impact
  • Risk Matrix
  • Risk Probability
  • Risk Profile
  • Risk Tolerance
  • Risk Triggers
  • Risk-Reward Ratio
  • Uncertainty

At its core, risk management is a process of treating risks. The following are types of risk treatment.

  • Antifragile
  • Resilience
  • Risk Acceptance
  • Risk Contingency
  • Risk Control
  • Risk Mitigation
  • Risk Monitoring
  • Risk Prevention
  • Risk Reduction
  • Risk Response
  • Risk Sharing

Strategies & Techniques
Techniques that go beyond the regular process of identifying and treating risk.

  • Business As Usual
  • Calculated Risk
  • Fail Well
  • Failure Is Not An Option
  • Resilience
  • Risk Communication
  • Risk Culture
  • Sanity Check

Special Practices
Variations of risk management for special categories of risk.

  • Contingency Planning
  • Disaster Preparedness
  • Dread Risks
  • Enterprise Risk Management
  • Innovation Risk Management
  • Positive Risk
  • Project Risk
  • Upside Risk

Pulling everything together as a risk management plan.

  • Contingency Plan
  • Risk Management Plan

Types of risk.

  • Business Risks
  • Competition
  • Compliance
  • Economic Risk
  • Financial Risk
  • Innovation Risk
  • Investing Risk
  • Political Risk
  • Positive Risk
  • Reputational Risk
  • Resource Risk
  • Seasonal Risk
  • Strategy Risk
  • Tactical Risk
  • Technology Risk

Failures & Challenges
Common challenges and patterns of risk management failure.

  • Cascading Failure
  • Failure Of Imagination
  • Residual Risk
  • Risk Awareness
  • Secondary Risk
  • Unknown Risks

Learn More…

Process Risk Jonathan Poland

Process Risk

Process risk is the risk of financial loss or other negative consequences…

Environmental Challenges Jonathan Poland

Environmental Challenges

Environmental issues are detrimental changes to the Earth’s natural surroundings that negatively…

Real Estate Investing Jonathan Poland

Real Estate Investing

Real estate investing refers to the process of buying, owning, managing, and…

Retail Automation Jonathan Poland

Retail Automation

Retail automation refers to the use of technology to automate and streamline…

What is Greenwashing? Jonathan Poland

What is Greenwashing?

Greenwashing refers to the act of making false or misleading claims about…

IT Governance Jonathan Poland

IT Governance

IT Governance refers to the way in which an organization’s executive leadership…

Over-positioning Jonathan Poland


Over-positioning refers to the practice of positioning a brand in a way…

Advanced Economy Jonathan Poland

Advanced Economy

An advanced economy is a highly developed economic system that provides a…

Veblen Goods Jonathan Poland

Veblen Goods

Veblen goods are a type of consumer good that is perceived as…

Jonathan Poland © 2023

Search the Database

Over 1,000 posts on topics ranging from strategy to operations, innovation to finance, technology to risk and much more…

Innovation Process Jonathan Poland

Innovation Process

Innovation refers to the process of making significant improvements by taking bold…

Strategic Risk Jonathan Poland

Strategic Risk

Strategy risk refers to the potential for losses resulting from the implementation…

Types of Infrastructure Jonathan Poland

Types of Infrastructure

In an industrial economy, the production of tangible goods and infrastructure plays…

Austrian Economics 101 Jonathan Poland

Austrian Economics 101

Austrian economics is a school of economic thought that originated in Austria…

ERG Theory Jonathan Poland

ERG Theory

ERG theory is a motivational theory that was developed by Clayton Alderfer.…

Customer Service Techniques Jonathan Poland

Customer Service Techniques

Customer service is any person-to-person exchange between a business and a customer.…

Procurement Risk Jonathan Poland

Procurement Risk

Procurement risk is the risk of financial loss or other negative consequences…

IT Governance Jonathan Poland

IT Governance

IT Governance refers to the way in which an organization’s executive leadership…

Sticky Information Jonathan Poland

Sticky Information

Sticky information is information that is difficult to transfer. This is an…