Home > Knowledge > Topics and Skills > Risk / Mitigation > Risk Analysis and Management

Risk Analysis and Management


Risk analysis and management are techniques applied to ensure that contracts are successful. By adopting a ‘what-if’ mind-set it allows procurement to identify and assess the risks and prioritises them by aligning relevant resources to monitor, control and minimise or overcome the impact.

CIPS Procurement Topic

Related concepts

Supply Chain Risk Resilience

Whilst there are a number of BSI and ISO standards developed for business continuity, risk management and organisational resilience there is no global benchmark that can be used to test...

Find out more

Supply Chain Vulnerability

Examining the vulnerability of an organisation’s supply chain network can be used to identify such risks and weaknesses and produce mitigation strategies and corrective action plans...

Find out more

Risk Management in Purchasing and Supply Management

Minimizing risk is crucial for anyone in charge of a complex system, and traditional approaches aren’t good enough (Sargut and McGrath)

Find out more