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risk_management

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RISK MANAGEMENT Presented By Mohan M. Nalla INTRODUCTION  Most Management decisions involve the assumption of risk the chance that things may not turn out the way we hope or want them to. Therefore, risk management has become an integral part of general organization and project management. DEFINITIONS  What is Risk? The easiest way to define risk is by examining the following formula: Risk = Threats * Vulnerabilities * Impact  What is Risk Management? Risk management is about identifying risk, assessing the impact on your business if a security incident occurs, and making the right financial decision about how to deal with the results of your assessment. WAYS OF RISK MANAGEMENT STEPS USE FOR RISK MANAGEMENT      Identify Risks Assess & Analyze Risks Plan Actions Monitor & Implement the Action Measure the effectiveness & Control the risk impact TYPES  Operation risk management  Financial risk management  Market risk management  Credit risk management  Quantitative risk management  Commodity risk management ...
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