risk_management

May 20th, 2015
Studypool Tutor
A. T. Still University
Price: $25 USD

Tutor description

Risk: Risk can be defined as an uncertainty that could have negative or positive impact on expectations or on one or more objectives. Types Of Risk: 1. Business risk 2. Financial risk

Word Count: 320
Showing Page: 1/8
Risk Management Risk: Risk can be defined as an uncertaintythat could have negative or positive impact onexpectations or on one or more objectives. Types Of Risk:1. Business risk2. Financial riskRisk management: RM means identification, assessmentand prioritization of risks followed by coordinated andeconomical application of resources with an objectiveof minimizing the probability & impact of unfortunateevents or to maximize the realization of opportunities.Nature of Risk mgt:1. RM is a process2. Objective oriented process3. ethical, philosophy and social responsibility4. Reporting is essential5. Response to risk6. Economical use of resources7. control is essentialobjectives of Risk mgt:1.Identify the risk and report to top mgt2.Minimise adverse effects of risk(obj mini)3. maximise the benefits of opp4.Render the social responsibilities5. prevent the risk from assuming seriousdimension6. shift fin risk to the third party7. Create the value for the company8. achievement of mission & visionScope of Risk mgt1.2.3.4.5.6.7.planning & implementing risk mgtrisk identification and analysisassessment and prioritization of riskestablishing org capability for risk handlingReporting of riskInclusion of risk in the cor govetaking ins policyProcess of risk mgt1.2.Planning of risk mgtIdentification of risks- Sources analysis- problem analysis- objective base risk mgt- scenario based risk mgt- common risk checking- taxon

Review from student

Studypool Student
" Awesome! Exactly what I wanted. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1819 tutors are online

Other Documents

05/20/2015
05/20/2015
05/20/2015
05/20/2015
05/20/2015
05/20/2015
05/20/2015
05/20/2015
05/20/2015
05/20/2015

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors