Welcome to the 1520 Perfect Dictionary
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| Risk management | |
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| RISK MANAGEMENT Definition: The skill or job of deciding what the risks are in a particular situation and taking action to prevent or reduce them. ______________________________________________________________________ * All nine elements should be in. 1. Purposeful and considered necessary to decide, and then try to prevent or reduce risk. 3. A holistic approach in the study and assessment of the entity will be undertaken, by the relevant professionals. 4. Identification, recognition and awareness of the risks will be established, from the studies made. 5. Creation and development of risk-bearing strategies, such as having financial safety nets, comprehensive insurance, reinsurance, etc. will be in place. 6. Decisions that will be taken will be after a thorough review concerning such areas as commercialization, recapitalization, nationalization, mergers and acquisition, privatization, etc., etc. 7. Development and application of methods and measures are constantly and permanently promoted or conducted as required or necessary. 8. Relevant monitoring, reassessment, re-evaluation, review, etc. needed to effectively manage situation will be taken. 9. Skill achieves objective(s) or job serves purpose(s). That is, risks are prevented or reduced for organization as a direct outcome of the decisions taken. _________________________________ See perfect RISK-TAKING. See perfect RISKINESS. See perfect DECISION-MAKING. See perfect SYSTEMS ANALYSIS. See perfect RISK (4). See perfect STATISTICIAN. See perfect MULTITASKING (2). See perfect ENTREPRENEURSHIP. See perfect EXTRAVAGANCE (1). Quote: "I think part of the job of risk management is to, in some way, guide the customer". - Phillip Oduoza. Quote: "If you don't invest in risk management, it doesn't matter what business you're in, it's a risky business". - Gary Cohn. | |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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