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risk_management

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What is Risk Management?
Risk management can be defined as the culture, processes, and structures
that are directed towards the effective management of potential opportunities
and adverse effects.
This broad definition can quite rightly apply in nearly all fields of
management from financial and human resources management through to
environmental management. However in the context of contaminated sites,
risk management can be taken to mean the process of gathering information
to make informed decisions to minimize the risk of adverse effects to people
and the environment.
Risk assessment involves estimating the level of risk estimating the
probability of an event occurring and the magnitude of effects if the event
does occur. Essentially risk assessment lies at the heart of risk management,
because it assists in providing the information required to respond to a
potential risk.
In a resource management setting, environmental risk assessment may be
used to help manage, for example:
1. Natural hazards (flooding, landslides),
2. Water supply and waste water disposal systems, and
3. Contaminated sites.
Human health risk assessment is one form of risk assessment, focusing on
assessing the risk to people and communities from hazardous substances or
discharge of contaminants.
Ecological risk assessment is another form of risk assessment that can be
used to assist management of risks to ecological values.
The focus of risk assessment for contaminated sites is usually human health,
as a large proportion of the known potentially contaminated sites are located
in urban areas. However, where valued natural environments are present, the
focus of ecological risk assessment is on assessing the risks to plants,
animals and ecosystem integrity from chemicals present at or discharging
from a contaminated site

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What is financial risk management?
Financial risk management is the practice of creating economic value in a
firm by using financial instruments to manage exposure to risk, particularly
credit risk and market risk. Other types include Foreign exchange, Shape,
Volatility, Sector, Liquidity, Inflation risks, etc. Similar to general risk
management, financial risk management requires identifying its sources,
measuring it, and plans to address them. Financial risk management can be
qualitative and quantitative. As a specialization of risk management,
financial risk management focuses on when and how to hedge using
financial instruments to manage costly exposures to risk.
In the banking sector worldwide, the Basel Accords are generally adopted by
internationally active banks for tracking, reporting and exposing operational,
credit and market risks.
Financial risk management is a method of producing or adding value to a
company through utilizing financing mediums for handling vulnerability to
risk, specifically market risk and credit risk. Financial risk management is an
important form of risk management.
About financial risk management:
Financial risk management is a type of risk management, which tries to add
value in a company through implementation of financing mediums (cash
instruments and derivative instruments) to handle risk exposure, especially
from market risk and credit risk .
With the help of financial risk management, a number of financial risks can
be handled, which include the following:
1. Shape risk
2. Foreign exchange risk
The characteristics of financial risk management resemble the features of
common risk management and the process of financial risk management
involves identification of financial risk, evaluating the financial risk and
strategies to deal with those risks.
Financial risk management concentrates on the appropriate time and manner
for hedging implementation of cash instruments and derivative instruments
to address pricey risk exposures

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What is Risk Management? Risk management can be defined as the culture, processes, and structures that are directed towards the effective management of potential opportunities and adverse effects. This broad definition can quite rightly apply in nearly all fields of management from financial and human resources management through to environmental management.  However in the context of contaminated sites, risk management can be taken to mean the process of gathering information to make informed decisions to minimize the risk of adverse effects to people and the environment. Risk assessment involves estimating the level of risk – estimating the probability of an event occurring and the magnitude of effects if the event does occur. Essentially risk assessment lies at the heart of risk management, because it assists in providing the information required to respond to a potential risk.  In a resource management setting, environmental risk assessment may be used to help manage, for example: 1. Natural hazards (flooding, landslides), 2. Water supply and waste water disposal systems, and 3. Contaminated sites. Human health risk assessment is one form of risk assessment, focusing on assessing the risk to people and communities from hazardous substances or discharge of contaminants. Ecological risk assessment is another form of risk assessment that can be used to assist management of risks to ecological values. The focus of risk assessment for contaminated sites is usually hu ...
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