UNDERSTANDING RISK MANAGEMENT IN SMALL 7 STEPS
UNDERSTANDING RISK MANAGEMENT IN SMALL 7 STEPS
Author(s): Valentin Petru MazăreanuSubject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: risk management; model; approach; principle
Summary/Abstract: Risk management means making steps in order to identify those risks with a highly probability of causing problems to a project, to analyze the probability of loss and the magnitude of loss for each risk and developing composed risks, to classify the risk points identified according to the composed risks they belong to. Risk management problem is quite complex. When such a process is triggered, it must consider several issues in parallel. In this article we detect seven rules (principles) that a risk management department should take into account when deciding to implement a enterprise risk management.
Journal: Revista tinerilor economişti
- Issue Year: 2011
- Issue No: 16
- Page Range: 75-80
- Page Count: 6
- Language: English