May 20th, 2015
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A. T. Still University
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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.

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RISK MANAGEMENTPresented ByMohan M. NallaINTRODUCTIONMost Management decisions involvethe assumption of risk the chance thatthings may not turn out the way wehope or want them to. Therefore, riskmanagement has become an integralpart of general organization and projectmanagement.DEFINITIONSWhat is Risk?The easiest way to define risk is by examining the following formula:Risk = Threats * Vulnerabilities * ImpactWhat is Risk Management?Risk management is about identifying risk, assessing the impact on yourbusiness if a security incident occurs, and making the right financial decisionabout how to deal with the results of your assessment.WAYS OF RISK MANAGEMENTSTEPS USE FOR RISK MANAGEMENTIdentify RisksAssess & Analyze RisksPlan ActionsMonitor & Implement the ActionMeasure the effectiveness & Controlthe risk impactTYPESOperation risk managementFinancial risk managementMarket risk managementCredit risk managementQuantitative risk managementCommodity risk management

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