Risk Assessment Framework

All initiatives start with uncertainty, creating consequences ranging from unfulfilled plans to total organizational failure. Yet ongoing research has shown risk management to be a frequently neglected area of planning.

A framework is a simple, basic conceptual structure of a process, modifiable to fit the needs and circumstances of initiatives, whether they be projects, programs, operations, or even a collection of activities. Strong frameworks (known as shikumi in Japanese), allow an organization to change and weather changes quickly. A good framework is usable by a small initiative, but is also usable across the organization and organizations.

Risk Assessment Framework provides a complete framework and a recommended means of implementation to establish a complete, reusable, and sustainable risk management methodology for any initiative. Tools, templates, forms, and guidance provide support for the implementation of the framework. It is up to the initiative manager to review the framework, tailor the framework to be appropriate for the initiative as needed, and select tools and techniques to support the tailored framework.

This newly revised edition of Risk Assessment Framework includes:

• an updated, scalable framework to proactively manage risk for any initiative
• a guide to tailoring and scaling the framework to put it to immediate use
• stress on positive risks as an encouragement to use it (hint: it can pay for itself!)
• a focus on a risk assessment workshop (the recommended framework implementation method)
• access to tools, techniques, templates, and guidance to continuously improve risk management
• alignment with the PMBOK Guide - Sixth Edition and ISO 31000

Whether you are an aspiring, new, accidental, or experienced manager, this book will help you successfully navigate uncertainty for any effort.

UPDATE MARCH 2020: Ray W. Frohnhoefer named as number 8 of 50 Top Global Thought Leaders on Risk Management by Thinkers 360: https://www.thinkers360.com/top-50-global-thought-leaders-and-influencers-on-risk-management-march-2020/

UPDATE DECEMBER 2020: Thinkers 360 named Risk Assessment Framework one of the 50 Books from Thought Leaders You Should Read in 2021: https://www.thinkers360.com/50-books-from-thinkers360-thought-leaders-you-should-read-in-2021/