Risk context
Posted by SkillMaker in Dec, 2013
What is the Risk context? In order to develop a risk management strategy, an organisation must begin by establishing the risk context. The risk context should take into account both the internal and external set of circumstances or rules within which the organisation is operating. Creating a proper risk context can help an organisation to […]
Post Tagged with Risk analysis
Posted by SkillMaker in Dec, 2013
What is Risk analysis? Risk analysis is the name given to a technique which is used to identify and assess any factors which may jeopardise the success of a business. The method also assesses the chances of a risk occurring and the likely outcome of the risk if it did indeed occur. This analysis should […]
Risk management process
Posted by SkillMaker in Nov, 2013
What is the Risk management process? The risk management process is the name given to the steps which are taken to manage potential risks which may affect a company. There are different types of risk management process, but the most common processes involve seven steps, which come together to identify operational risks and take action […]