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Managing Risk

Ronald Peters's picture

Managing risk can be effectively done with the right software tools. Specifically with enterprise risk management software tools. In mechanical engineering projects, managing such risk is paramount to success and meeting deadlines. Most mechanical engineering students will not study such processes, but in having knowledge of managing risk, you will put yourself on a higher pedestal.

"Risk Management is the process of identifying vulnerabilities and threats to the information resources used by an organisation in achieving business objectives, and deciding what countermeasures, if any, to take in reducing risk to an acceptable level, based on the value of the information resource to the organisation".

Understand how the processes work will enable you to function well in a management role.

We often use these processes in team collaboration environments, and allow us to focus on projects. We use a SaS based risk management software tool when working on projects that need more control.  

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