risk_management_in_corporate

May 20th, 2015
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Arkansas Tech University
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Financial analysis (also referred to as financial statement analysis or accounting analysis or Analysis of finance) refers to an assessment of the viability, stability and profitability of a business, sub-business or project.Risk is defined in ISO 31000 as the effect of uncertainty on objectives (whether positive or negative).

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APPLICATION OF DATA WAREHOUSE 1. RISK MANAGEMENT Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives, whether positive or negative) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events[1] or to maximize the realization of opportunities. Risks can come from uncertainty in financial markets, project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards.[2][3] Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.MethodFor the most part, these methods consist of the following elements, performed, more or less, in the following order.1. identify, characterize, and assess threats2. assess the vulnerability of critical assets to specific threats3. determine the risk (i.e. the expected likelihood and consequ

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