Risk management - PowerPoint PPT Presentation

About This Presentation
Title:

Risk management

Description:

Risk management theory and practice – PowerPoint PPT presentation

Number of Views:487
Slides: 8
Provided by: riskov
Category: Other

less

Transcript and Presenter's Notes

Title: Risk management


1
Risk Management
  • Theory and practice
  • www.rmtap.com

2
Risk
  • Risk is the risk of adverse outcome of the
    expected event, i.e. measurable probability of
    loss or loss of profits in any sphere of human
    activity.
  • Structural characteristics of risk
  • Event uncertainty (probability)
  • variation of outcomes
  • www.rmtap.com

3
Risk management
  • Risk management - targeted actions to limit or
    minimize risk in the system of economic
    relations.
  • Benefits of risk management
  • Increases revenue by reducing risk costs and
    increasing the efficiency of your organization 's
    funds
  • Can improve an organization 's ability to use
    speculative risk profits to recover from adverse
    net risk realization
  • Enables management to plan for the future with
    greater confidence and predictability
  • www.rmtap.com

4
Objectives and objectives of risk management
  • The ultimate goal of management risk is to make
    the most profit with an optimal profit-risk ratio
    acceptable to the entrepreneur.
  • Tasks risk of management
  • Continuous monitoring of the external and
    internal environment of the enterprise to
    identify risk factors
  • Establishment and implementation of a risk
    management programme (including the use of risk
    assessment methods, risk analysis, and measures
    to reduce and eliminate adverse health events)
  • Assessment of the effectiveness of the risk
    management system (acceptability of the use of
    certain methods, consideration of new trends
    dictated by the market)
  • www.rmtap.com

5
Process risk of management
  • www.rmtap.com

6
Standards risk of management
  • A number of standards have been developed
    worldwide to help organisations implement risk
    management systematically and effectively. These
    standards seek to establish a common view on
    frameworks, processes and practice, and are
    generally set by recognised international
    standards bodies or by industry groups. Risk
    management is a fast-moving discipline and
    standards are regularly supplemented and updated.
  • Standards are normally voluntary, although
    adherence to a standard may be required by
    regulators or by contract.
  • In practice, the following risk management
    standards are commonly used
  • ISO 31000 2009 - Risk Management Principles and
    Guidelines
  • IRM/Alarm/AIRMIC 2002 - A Risk Management
    Standard - developed in 2002 by the UK's 3 main
    risk organisations.
  • ISO/IEC 310102009 - Risk Management - Risk
    Assessment Techniques
  • COSO 2004 - Enterprise Risk Management -
    Integrated Framework
  • OCEG "Red Book" 2.0 2009 - a Governance, Risk
    and Compliance Capability Model
  • www.rmtap.com

7
Rules risk of management
  • You can 't risk more than equity can afford
  • You have to think about the consequences of risk
  • You can 't risk a lot for a small one
  • A positive decision is taken only in the absence
    of doubt
  • Negative decisions are made in case of doubt
  • You can 't think there 's always only one
    solution. There may be other solutions
  • www.rmtap.com
Write a Comment
User Comments (0)
About PowerShow.com