Risk is the possibility that an undesirable result will occur or that a desired result will not be achieved. The manager must always accept the fact that the element of risk will be present.
As Kaçarlar Makine, our Risk Management principle is to pro-actively identify and control the risk factors. In order to manage risks, we must be able to anticipate uncertainties.
Our Project Risk Management policy includes the following elements;
1- Planning of Risk Management; It is determined how the project risk management activities will be carried out and managed.
2- Identification of Risks; The project tries to reveal what could go wrong. Project risks are determined.
3- Making Qualitative Risk Analysis; Risks are prioritized among themselves in this process.
4- Performing Quantitative Risk Analysis; The financial cost of the negativity caused by the risk is calculated.
5- Planning of Risk Provisions; Actions to be taken to prevent risks or reduce their effects.
6- Monitoring and Controlling Risks; It is the process of monitoring the effectiveness of risk management plan implementation by implementing planned response strategies against risks, identifying emerging risks and analyzing them.
