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Chapter 3 Risk Management

Chapter 3 Risk Management

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Published by Jean Pierre Naaman
These ppt slides cover Chapter 3 in the Book "Introduction to risk Management and insurance, Mark. Dorfman." For any further information, contact me at jp.naaman@gmail.com
These ppt slides cover Chapter 3 in the Book "Introduction to risk Management and insurance, Mark. Dorfman." For any further information, contact me at jp.naaman@gmail.com

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Categories:Business/Law
Published by: Jean Pierre Naaman on May 11, 2010
Copyright:Attribution Non-commercial

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03/11/2013

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CHAPTER III
Risk management
 
Risk management
We define Risk Management as the logicaldevelopment and execution of a plan to dealwith potential losses.
Risk Management benefits all types of organizations facing potential losses, includingbusiness firms, non-profit organizations,individuals, and families.
Simply put then, Risk management is athree-step process. First, identify and measurepotential losses; second, develop and execute aplan to manage this loss potential; and third,continuously review the plan after it has been
 
Risk management
Risk management is a dynamic process.Large corporations change frequently: Theyintroduce new products or services, mergedivisions, acquire or sell operations, and capitalcosts increase or decrease. Each time anorganization changes significantly, its riskmanagement plan must be reviewed andupdated as necessary.

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