risk mgnt...ppt

8/13/2019 risk mgnt...ppt

1/12

S.M.R.K-B.K-A.K Mahila

MahavidyalayaProject on: Risk ManagementBy: Kiran Umarani

BMS-I


2/12

Quotes It seems to be a law of nature, inflexible and

inexorable, that those who will not risk cannot win.-John Paul Jones

To win without risk is to triumph without glory.-Pierre Corneille

Risk and time are opposite sides of the same coin,for if there were no tomorrow there would be no risk.Time transforms risk, and the nature of risk isshaped by the time horizon: the future is the playing

field.- Peter Bernstein


3/12

What is risk?

A probability or threat ofa damage, injury, liability, loss, or other negativeoccurrence that is caused by external or

internal vulnerabilities, and that may be neutralizedthrough preemptive action.

Risk is the probability that a hazard will turn into a

disaster. Vulnerability and hazards are not dangerous,taken separately. But if they come together, theybecome a risk or, in other words, the probability thata disaster will happen.


4/12

What is Risk Management?

Risk management is the identification, assessment,and prioritization of risks followed by coordinatedand economical application of resources to minimize,

monitor, and control the probability and/or impact ofunfortunate eventsor to maximize the realization ofopportunities.

Risk management is defined as identification,assessment and economic control of those risks thatendanger the assets and earning capacity of abusiness.


5/12

Aims of Risk Management

Improvisation of targets

Minimizing of risk factors

Proper utilization of time

Efficiency of time

To be transparent and inclusive


6/12

Types of risk management

Operational Risk Management

Financial Risk Management

Market Risk Management

Bank Risk Management

Currency Risk Management

Project Risk Management


7/12

Process of Risk Management

Identify the Risks

Identify the Causes Identify the Controls

Establish your Risk Rating Descriptors

Add other Controls

Make a Decision Monitor and Review


8/12

gk


9/12

K


10/12

Merits

Supporting strategic and business planning;

Supporting effective use of resources;

Promoting continuous improvement;

Fewer shocks and unwelcome surprises; Quick grasp of new opportunities;

Enhancing communication between Schools andDepartments;

Reassuring stakeholders

Helping focus internal audit programmed etc.


11/12

Demerits

Involvement of uncontrollable variables.

Over dependence on easy methods for solvingcomplex process.

Non-information sharing between higher management

and bottom group resulting into bottom group beingisolated from the process.


12/12

Thank You..

risk mgnt...ppt

Documents

Transcript of risk mgnt...ppt