Seif AbdelghanyGlobal Category & Portfolio Manager| Electrolux ABCairo, Outside Us Or Canada, Egypt
When I mitigate a risk, I understand that I decrease its probability of occurring , but also decreasing the impact is the tricky part, can someone elaborate on an example of decreasing impact either in scope, schedule, cost, quality ?
if a worker can be educated HSE to reduce probability accidents during the work and providing safety equipment that will reduce the impact . Saving Changes...
Xiaohui MaAssistant General Manager| TianBao (TianJin) CompanySaskatchewan, Canada
I'll take the new project introduction as the example . We could identify some of the project risks prior to the implementaton . use the 5M1E fishbone graph to categorize the risks . Then we could accordingly plan the personal training, prodedure modification , the machine TPM ,,,,all of these could relief the risk impacts to the project success. Saving Changes...
Hi Seif
Having spare parts on site, doesn't diminish probabilities of occurrences , but would reduce the impact, shorter down time. The cost to reduce the risk was the spare parts on site, what you save is cost to get spare parts urgently on site and the reduce down time. Saving Changes...
