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Risk sharing is the practice of distributing risks amongst organizations, departments, teams or individuals. This has several common flavors:1. InsuranceInsurance products designed to pool risks amongst clients.
2. Self InsuranceThe pooling of risks within an organization to reduce the maximum impact to any one team or department.3. MitigationRisk sharing may provide opportunities for an organization to mitigate risks. For example, resource risks shared between multiple teams may provide opportunities to share resources and reduce risk.4. CommitmentRisk sharing may be used as a strategy to improve the commitment of stakeholders to a project. For example, if operations and marketing share the risks of a project it may be more likely to succeed versus a situation whereby operations bears all risk.|
Type | | Definition | The practice of distributing risks amongst multiple parties. | Related Concepts | |
Project Management
This is the complete list of articles we have written about project management.
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A list of common project risks.
A list of basic project management techniques.
A definition of workaround with examples.
A list of project branding techniques.
An overview of project stakeholder management with examples.
A definition of action plan with examples.
The primary types of cost overrun.
The definition of document control with examples.
A guide to project oversight.
A definition of design driven development with examples.
A list of common project risks.
A list of common project stakeholders.
A list of common business risks.
The difference between a risk and an issue.
The five things that can be done about risk.
The definition of secondary risk with examples.
A guide to creating a risk register with an example.
A definition of risk perception with examples.
The common types of implementation.
A reasonably complete guide to project risk management.
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