Do you know why you do what you do? Is there anything else you should be doing? Risk List lets you manage the risks which may stop you reaching your objectives.
Manage your Risks
Do you know what might stop you from reaching your objectives? Risk List lets your link Risks to Objectives. Does the following sound familiar to you?
- I want to get more sales
- I want to improve customer service
- I want to spend less time doing [xyz]
- I want to Grow Big
Using Risk List as your Risk Management tool lets you assign risks against these objectives. You cant get more sales if your website keeps going down. Thats a Risk.
Control your Risks
Once you know your risks, you can control them. Add controls and link them to risks. Assign an owner to the control. Make sure that its operational and helps you to manage the risk. For example running pingdom or other server monitoring tools is a control which helps you detect whether your website keeps going down. Classify controls
- Detective is there a problem? What is your downtime report showing
- Preventative if a condition is not met, then this will stop something going ahead
- Corrective this is something which is done after something happens. If your site goes down youd contact the host, complain, perhaps even move host
The above uses the risk of your website going down as an example.
Do you know what measures your success? What should you and your team be focussing on?
- Grow monthly sales revenue
- Increase email subscribers
- Improve customer response times
- Grow Twitter following
- Create and track your metrics
Do you know how your processes tie in to which risk you are managing? Who does what.
- See whats due when
- See who needs to do what
- Set frequency (recurring monthly, weekly, daily)
- Mark complete / incomplete
Risk Dashboard Overview
Risk List adds new Dashboard widgets so you can see at a glance your Risk Information.
- See your risks on a Heat Map
- See your top risks in your Risk Overview
- Track actions
- View upcoming processes
- Plus much more
A brief Markdown Example
- Some feature
- Another feature
- Something else about the plugin
- something else
- third thing
Markdown uses email style notation for blockquotes and Ive been told:
Asterisks for emphasis. Double it up for strong.
- Upload the plugin files to the
/wp-content/plugins/risk-listdirectory, or install the plugin through the WordPress plugins screen directly.
- Activate the plugin through the Plugins screen in WordPress
- Add objectives. Link risks to objectives.
- Add controls and metircs to manage your risks.
- Track processes and actions and link to risks.
Determining your business Objectives and Risks stopping you meeting them help you to know what to focus on. Do you know what could go wrong and stop you reaching your objective.
Are you doing enough to control (prevent, detect or correct) the risks that youve identified? Are you doing too much?
A heat map is a chart of your risks. If something will have a very high impact on your business (5) and is certain (5) then this should be the focus and would be flagged red.
If you have something which has a very low impact on your business (1) and is almost never going to happen (1) then this would be green. Spending too much time in this area may not be worth it. Since even if something does go wrong its very unlikely. If it does, its not going to impact you much at all.
Controls are what you to do lower either the impact, or the probability of something happening. If website availablity is a risk which you class as high. Then having pingdom running to alert you of downtime is a control against this risk.
Listing your controls makes you understand whether you are doing what is needed to be done to manage th risks you face.