WELCOME TO

THE SEMINAR
Module 10
THEME:
MANAGING RISK
AND OPPORTUNITIES
 Managing risk and opportunities involves the
process of identifying, assessing, and addressing
potential risks while also recognizing and
capitalizing on opportunities in various aspects
of business or life. Here's a brief explanation:
1.Risk Management:
•Identification:
First, you need to identify potential risks that could negatively impact your objectives or goals. This could include
financial risks, operational risks, market risks, and more.
•Assessment:
Once identified, you assess the probability and potential impact of each risk. This helps in prioritizing which risks to
focus on.
•Mitigation:
Implement strategies to mitigate or minimize the impact of identified risks. This may involve risk avoidance, risk
reduction, risk transfer (e.g., insurance), or risk acceptance (when the risk is deemed tolerable).
Monitoring: Continuously monitor and review the risk landscape to adapt your strategies as necessary. Risks can
change over time.
2. Opportunity Management:
•Identification:
Identify opportunities for growth, improvement, or advantage. These could be market opportunities, technological
advancements, or internal improvements.
•Assessment:
Assess the potential benefits and feasibility of pursuing each opportunity. This helps in determining which
opportunities are worth pursuing.
•Exploitation:
Develop and execute plans to leverage these opportunities, whether it involves entering new markets, launching new
products, or making internal process improvements.
Monitoring and Adaptation:
Continuously monitor the progress of opportunity exploitation and be ready to adapt your strategies as circumstances
change.
EFFECTIVE RISK AND OPPORTUNITY MANAGEMENT IS AN INTEGRAL PART OF STRATEGIC PLANNING, ENSURING
THAT ORGANIZATIONS CAN NAVIGATE UNCERTAINTIES AND MAKE INFORMED DECISIONS TO ACHIEVE THEIR
GOALS. IT'S OFTEN A STRUCTURED AND ONGOING PROCESS THAT INVOLVES VARIOUS STAKEHOLDERS WITHIN
THE ORGANIZATION.

*Identifying risks and opportunities:

Involves a structured process of recognizing potential events or situations

that can affect an organization, either negatively or positively. Here are
the key steps for identifying them:

*Identifying Risks:

1. Internal Assessment:

Evaluate your organization's operations, processes, and systems to

identify internal risks. This may include issues like supply chain
vulnerabilities, operational inefficiencies, or financial weaknesses.
1. External Assessment:

Look at external factors that could pose risks, such as changes in regulations, economic conditions, or
shifts in market dynamics.

2. Historical Data:

Analyze past incidents and data to identify recurring patterns or trends in risks your
organization has faced.

3. Stakeholder Input: Engage with employees, customers, suppliers, and other stakeholders to gather
insights into potential risks they see or have experienced.

4. Risk Registers: Create and maintain a risk register, which is a structured document that lists
identified risks, their potential impact, likelihood, and the measures for managing them.

*Identifying Opportunities:

1. Market Research:

Conduct thorough market research to identify emerging trends, customer needs, and untapped markets
that can present opportunities.

2. SWOT Analysis:

Analyze your organization's strengths, weaknesses, opportunities, and threats. This can help in
pinpointing internal and external opportunities.
1. Innovation and Creativity:

Foster a culture of innovation and encourage employees to come

forward with creative ideas and opportunities for improvement.

2. Competitor Analysis:

Study your competitors to identify gaps in their offerings or

areas where your organization can excel.

3. Scanning:

Keep an eye on macro-environmental factors like political,

economic, social, and technological changes, as
these can reveal opportunities.

4. Feedback and Surveys:

Collect feedback from customers, clients, and stakeholders to

understand their needs and expectations.
Identifying and analyzing factors for successful
projects, as well as reasons for failure, based on specific
case studies in the context of "effective risk
management" in business.

When it comes to managing projects successfully in the

business world, it's important to understand the factors
that contribute to success and failure. This
understanding allows businesses to make informed
decisions and take necessary actions to minimize risks
and increase the likelihood of project success.
To identify and analyze factors for successful projects, businesses typically look at various aspects that
can influence project outcomes. These factors can include but are not limited to:

1. Clear Project Objectives: Clearly defining the goals and objectives of a project is crucial. It helps align
everyone involved and ensures that efforts are focused on achieving the desired outcomes.

2. Effective Planning: Proper planning is essential to set realistic timelines, allocate resources, and identify
potential risks. It involves breaking down the project into smaller tasks, estimating their duration and
dependencies, and creating a roadmap for execution.

3. Adequate Resource Allocation: Ensuring that the necessary resources, such as finances, personnel, and
equipment, are available and allocated appropriately is vital for project success. Insufficient resources can
lead to delays, quality issues, or even project failure.

4. Competent Team: A skilled and motivated team is a key factor in project success. It's important to have
individuals with the right expertise, experience, and teamwork capabilities to handle the tasks and
challenges associated with the project.

5. Effective Communication: Open and transparent communication among team members, stakeholders,
and project managers is crucial. Clear communication helps everyone stay informed, resolves issues
promptly, and ensures that the project stays on track.

6. Risk Management: Identifying and managing risks is a vital aspect of project success. Effective risk
management involves identifying potential risks, analyzing their impact and probability, and developing
strategies to mitigate or respond to them.
Now, let's discuss the reasons for project failure based on specific case studies in the context of effective risk management.

One common reason for project failure is inadequate risk assessment and management. Case studies have shown that businesses that
fail to thoroughly identify and analyze potential risks are more likely to encounter unexpected issues, delays, and cost overruns.
Ineffective risk management can result in project scope creep, where project requirements keep expanding without proper control,
leading to delays and resource drain.

Another reason for project failure can be poor communication and collaboration. Case studies have highlighted how
miscommunication, lack of coordination, and insufficient information sharing among team members and stakeholders can lead to
misunderstandings, delays, and errors that can ultimately derail a project.

Insufficient resource allocation is also a significant cause of project failure. Case studies have revealed that projects without adequate
resources, whether it's financial, human, or material, face difficulties in meeting deadlines, maintaining quality, and delivering
expected outcomes.

Lastly, a lack of proper project planning and monitoring can contribute to failure. Case studies have shown that projects that do not
have a well-defined plan, clear milestones, and regular monitoring mechanisms are more prone to facing unexpected challenges,
missing deadlines, and failing to achieve project objectives.
In summary, to ensure project success, businesses need to identify and analyze factors
such as clear objectives, effective planning, adequate resource allocation, competent
teams, effective communication, and proper risk management. Based on case studies,
failure can occur due to inadequate risk assessment, poor communication, insufficient
resource allocation, and lack of proper planning and monitoring. By understanding these
factors and learning from past failures, businesses can increase their chances of
delivering successful projects.
 GROUP 7

Claudia
Dominic Erwin C. Jerie Francia Claudia
Sarah Margane
Alves
Villamor Albina Dela Cruz Alves
Albento Monterona-
Business Head Ocop
Business Head Galleto
Certificates will be distribute on
Next week…

Thank you for your

Participation ;)