What is the best way to manage risks?

Question

Hey there

I'm looking for best practice on how to manage and report on risks. I've got the Risk Register add on and I definitely do not think my methodology is the most efficient!

Please let me know if there are any other - potentially built into Jira - solutions or suggestions for me to capture, manage and report on risks.

Thanks for your time.

Shivam Pandey_6cxsya · Answer

Risk management encompasses the identification, analysis, and response to risk factors that form part of the life of a business. The best ways to manage the risk are:

1. Accept The Risk

2. Avoid The Risk

3. Transfer The Risk

4. Mitigate The Risk

5. Exploit The Risk

Marion Lepmets _SoftComply_ · Answer

Hi Clayton,

Should you be looking for a software/product risk management app, SoftComply has built one for the safety-critical industry that supports Hazard Analysis and FMEA - https://marketplace.atlassian.com/apps/1216361/softcomply-risk-manager?hosting=cloud&tab=overview.

We also run webinars regularly on how to manage risks in Jira and establish traceability between risks, requirements and test cases, if you'd like to learn more about it - https://softcomply.com/services/

You can also check out various posts on risk management practices in our blog.

In case of any questions or to arrange a call, feel free to contact us at info@softcomply.com

Kind regards, Marion
SoftComply

Craig Schwarze _ProjectBalm_ · Answer

Hi there!

This article from the Project Management Institute goes through the basic methodology of Risk Management: https://www.pmi.org/learning/library/risk-analysis-project-management-7070

If you are using Risk Register by ProjectBalm and have specific questions, please raise them in our support system and we will be happy to assist further: https://marketplace.atlassian.com/apps/1213146/risk-register?hosting=cloud&tab=support

kind regards,
Craig Schwarze
ProjectBalm