NAME: NUR DAYANA BATRISYIA BINTI

KHUSKANDAR
MATRIX NO.: 2019236728
CLASS: BA1115D
LECTURER NAME: RAJA ATTIK ARIFFUDDIN BIN
RAJA ARIFF
 RISK MANAGEMENT PROCESS

01 02 03
Examining alternatives
Identifying existing Evaluating potential
risk management
and potential risks risks
techniques

04 05
Selecting and implementing Evaluating, reviewing and
the risk management controlling the risk
programme management programme
 Identifying
The risk of
Rozeriya Enterprise

existing and is flood

potential
risks
 The level frequency of loss is low,
but the level of severity of loss is high

FREQUENCY

Evaluating
LOW HIGH

Risk Retention also: Loss prevention also:

loss prevention and loss loss reduction if the cost
potential
LOW

reduction if the cost cab be justified

SEVERITY

risks
justifies the benefits
Insurance also: Risk Avoidance also:
HIGH

risk transfer, loss Loss prevention and loss

reduction and loss reduction is possible
prevention
 RISK IDENTIFICATION TOOLS

ORIENTATION
• Gaining a through knowledge about the organization and its operations. Especially risk manager should
have general knowledge of the goals and functions of the organization, the practices of the particular
industry and the specific activities of the organization itself.

INSPECTION
• An examination of the firm’s various operations sites and discussions with managers and workers will
often uncover risks that might otherwise have gone undetected.
 Risk Financing:

Arranging external
funds to cover the
financial effect of 1:
unexpected losses
experienced by a firm Retention

Examining
technique because
it appear to be less
expensive than

alternatives
purchasing
insurance

risk 2:

management Insurance technique

because it is an act of

techniques transferring the

financial consequences
of potential accidental
losses from an insured
firm or individual to an
insurer
The best technique to use is risk retention
because it appear to be less expensive
than purchasing insurance.

Next, it also a loss prevention and loss

reduction if the cost justifies the benefits.
Selecting and
implementing
For some reason, it will affect the financial
that effects the organization’s profitability

the risk
or rate of return.

Hence, it also will affect the non-financial

that associated with the growth of the
organization, humanitarian aspects and management
legal requirements.
program
 The risk management must
be controlled and monitored
systematically. It must be
periodically reviewed to
ensure the techniques

Evaluating,
employed are still suitable
and that they satisfy the
current situations.

reviewing and
Remember that the risk
management process does not
take place in a vacuum as things

controlling the
changes. The technique were
appropriate last year may not be
the most advisable this year, and

risk
constant attention is required
Besides, mistakes

management
sometimes occurs. By
evaluate and review
the programme, the

program
manager review
decisions and
discover mistakes
THE END