Fiza Badar and Naureen Farhan
Abstract: The report consists of the basic information regarding risk management. At the core of effective risk management strategies is the desire to find ways to manage the degree of uncertainty that exists within any business enterprise. Once there is a solid grasp of how the organization functions and the business model is understood, it is possible to identify specific risks that are present throughout the production process, including the delivery of goods and services to buyers. As those risks are identified, they are analyzed for ways to alter the process so that the end result is still achieved, but the degree of risk is minimized or removed altogether. Risk management may be an extremely complicated process or require nothing more than making a few minor adjustments.
Keywords: Risk assessment, Evaluation, Measure, Reviews, BCP, BCM, Liquidity risk, Credit risk, Market risk, Exposure risk, Investment risk and Country risk.
The actual process of risk management will vary from company to company. The focus may be on employee safety measures, or machinery maintenance. In other companies, risk management may demand revamping policies and procedures in order to rid the company environment of potential risk situations. Risk management normally requires the support of owners and the management team in order to refine the overall operation and achieve the lowest degree of risk The strategies to manage risk include transferring the risk to another party, avoiding the risk, reducing the negative effect of the risk, and accepting some or all of the consequences of a particular risk.possible.
Risk management is a logical process or approach that seeks to eliminate or at least minimize the level of risk associated with a business operation. Essentially, the process identifies any type of situation that could result in damage to any... [continues]
Cite This Essay
(2011, 05). Risk Management Report. StudyMode.com. Retrieved 05, 2011, from http://www.studymode.com/essays/Risk-Management-Report-700582.html
"Risk Management Report" StudyMode.com. 05 2011. 05 2011 <http://www.studymode.com/essays/Risk-Management-Report-700582.html>.
"Risk Management Report." StudyMode.com. 05, 2011. Accessed 05, 2011. http://www.studymode.com/essays/Risk-Management-Report-700582.html.