Friday, May 8, 2009

Risk Management

. Friday, May 8, 2009

As an organization, company in general have the purpose in risk management implementation. The purpose wishing to be reached for example is : expenditure, prevent company of failure, boost up advantage of company, depress the production cost etc.

What is ‘risk management’?


Risk management is processing management of the risk include;cover identify, evaluation and operation of risk able to menace the continuity of corporate activity or effort.

Any kind of phases in risk management?


The steps which is passed by company in risk management implementation to identifying beforehand the risks possibly will be experienced of by company, after identifying hence evaluate to the each risk evaluated from severity (risk value) and his frequency.

Last phase is operation of risk. In phase operation of risk differentiated become 2 namely operation of physical (risk eliminated, risk minimalism) and operation financial (under arrest risk, risk transferred).

risk mean to abolish all possibilities the happening of loss for example in riding the car in the rains, speed of vehicle limited by maximum 60 km/hour.

Minimalism risk done with efforts to minimize loss for example in production, opportunity the happening of deductible failure product with qualified control (quality control).
Detain by self risk mean to account entirety or some of risks, for example by forming the reserve in company to face the loss will happened (retention alone).

Is while divert/transfer risk can be done by removing loss/risk the possibles happened to other party, for example company of insurance.

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