5 Stage Process of Risk Management
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 [...]
Basic Idea of Risk Management
“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 [...]
Categories of Sources of Risk
Risks which have to be managed by risk management are broadly categorized. Following are the categories in which the risks fall: An organization can face Political Risks which can include [...]
2 Types of Major Risks
There are two main classifications of risk. All types of risks fall into either of the following category. Following are the two main types of risks: 1- Speculative Risks:- Speculative risks are [...]
Aims of Risk Management
The aim of risk management program is to help mangers to apply risk management principles consistently throughout their work process. Resources will be more effectively utilized if identification [...]
Business Interruption Policy/Insurance
Business Interruption Policy offers protection for the loss of profits and continuing fixed expenses resulting from a break in commercial activities due to the occurrence of a risk. Business [...]
Steps to identify the risks
Any activity or action that causes loss in business is called risk and the process of the identification, assessment, and prioritization of risks is known as Risk management. Steps to identify [...]