Risk Mitigation for Statisticians

The Effective Statistician - in association with PSI

Interview with Jess Thompson

• Understanding Risk Management They discuss the importance of continuous risk assessment and proactive planning throughout a clinical trial's lifecycle.
• Risk Identification We discuss the importance of collaborative risk identification, the role of assumptions in assessment, and aligning team members' timelines for successful project completion.
• Risk Assessment Jess explains the importance of collaboration and input from team members when assessing risks using a 1 to 10 scale in order to accurately evaluate the likelihood and impact of identified risks.
• Contingency Planning Risk scoring, mitigation options, risk tolerance, contingency planning, and documentation/communication are essential for successful risk management.
• Risk Reporting and Lessons Learned Status reporting is an important tool for activating necessary plans, recognizing successes, and fostering a collaborative atmosphere while also documenting risks.

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