RMI-2302 Lecture Notes - Lecture 1: Income Statement
12 Sep 2017
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Don"t risk more than you can lose. Don"t risk a lot for a little. The risk management process: determination of objectives. 2: evaluation of risks, consideration of alternatives - selection of the tool. In theory, the evaluation and review are the nal step in the risk management process. Except in the rare case where an organization is newly created, every organization will have a risk management program already in existence. Repeat identi cation process to assure that it was performed correctly. Evaluate the risks that have been identi ed. Verify that the decision on how to address each risk was proper. Verify that the decision was properly executed. There are a variety of tools available to assist in risk identi cation including questionnaires, checklists, and procedure guides. The preferred approach to risk identi cation is a combination approach, in which all of the tools available are brought to bear on the problem.
