**3. Important risk management tools**

#### **3.1 Risk assessment template**

A risk assessment is a methodical technique of considering the routine and/or special work tasks, by means of thoughts on "what can go wrong." Then, it is the decision on appropriate control methods to avoid defeat, harm, or injury at the workplace. The calculation must comprise the controls, which are obligatory to exclude, decrease, or minimize the given risks.

This will depend on the organization and may vary depending on the nature of work. However, assessments must consider everyone who could be affected by that activity.

There are no unbreakable and/or reckless guidelines about how the risk assessments must be performed. Every organization, team, or department is different, so they may necessitate a somewhat diverse approach. It is nevertheless significant that risk assessments are conducted methodically and reflect all of the predictable risks.


• *Threats: elements in the environment that could cause trouble for the business or project*

*Identification of SWOTs is important because they can inform later steps in planning to achieve the objective. First, decision-makers should consider whether the objective is attainable, given the SWOTs. If the objective is not attainable, they must select a different*

Within the HigherKos project "CONEKT—**Co**operation, **Ne**tworking and **K**nowhow **T**ransfer between Austria, Kosovo, Albania in the field of Biobanking" for two biobanks of CEE countries, a SWOT analysis was performed to determine the strengths, weaknesses, opportunities, and threats of each partner (**Table 1**).

country. More efficient strategies for biobanking processes and use of existing

*Overview SWOT analysis. Adapted from source: https://conceptdraw.com/a462c3/preview–SWOT%20ana*

infrastructure and knowledge in research were defined (**Figure 5**).

If specific values related to your business offerings are established within the four quadrants of SWOT analysis, a strategic plan based on the learned information

Therefore based on the SWOT analysis, a strategy paper was developed for each

*objective and repeat the process* (**Figure 4**) [3].

*3.2.2 A practical example for biobanking*

*DOI: http://dx.doi.org/10.5772/intechopen.91463*

*Risk Management in Biobanks*

could be developed.

**Figure 4.**

**79**

*lysis%20matrix.*

