Risk Management Guide

Risk management is a 5 stage process. These processes go simultaneously. These steps are to be followed for having a good risk management. These steps are listed and explained below: 1- Risk [...]

“The identification, analysis and control of those risks which can threaten the operations, assets and other responsibilities of an organization is known as risk management” Risk is basically [...]

It is very important for a risk manager to know the scale of a risk. Scale of the risk includes frequency of the risk as well as severity of a risk. Any event can cause multiple losses, so the [...]

“Risk financing is basically concerned with arrangement of finance to meet with the financial losses which arises due to any unforeseen and unpredictable incident” Full extent of the potential [...]

An organization may become liable for its own conduct or for the conduct of those whose responsibility lies legally on the organization, Responsibility of organization arise either under common [...]

For identifying and analyzing loss exposures there are two steps, first is to identify three dimensions of loss exposures and the second is to use widely used method for analyzing and identifying [...]

Risk Manager is a person responsible for the implementation of risk management process and for eliminating the risk to maximum extent. The risk manager has a vital role to play in supporting the [...]

The first step of the risk management process is identification of a risk. This is the obvious requirement which has to be fulfilled by the risk manager. Risk Manager is involved in working out [...]

When all the information is available to the risk manager, it will be cumbersome for the risk manager to clearly identify that where the risk lies. If the wrong risk has been identified then all [...]

This is another very useful technique for identifying and eliminating risk. Fault tree tries to understand the potential for failure and possible causes of failure. It considers the chain of [...]