Risk Management

luck Management
AJS 562 Management of Institutional Risk

and Critical Incident Management

family line 3, 2012
University of Phoenix

Risk Management
The future of an judicature gage be affected by my many things. The negative things be called risks man the positive ones are called opportunities. Risk Management is needed in any organization today more than ever before. In the past, many organizations were non aware or ignored risks or worse all lived through the unsuccessful consequences caused by them. In many cases, there were no designated persons charged with the responsibility of looking at or out for potential risks that could adversely clashing the organization. This unorthodox way of conducting business caused many companies to go burst and some to perpetually close down.

There are deuce types of risks, Potential Risk and Realistic Risk. In whichever industry you may look at, an assessment is needed to not only attain risks, but to report them.
Potential Risks these are risks that could or could not occur. A plan must therefore be assemble in place to stop or reduce their impact. These risks seeded player from both interior and exterior sources for example: poor executive director level decisions, stock market crashes, employees leaving the company.




Realistic Risks These are known threats and are from external forces and are quite a challenge to manage. Common examples are: loss of profits, legislative decisions, overseas regulations, information theft and computer viruses.
Risk Components
After categorizing an organizations objectives, we can now focus on different aspects of Risk Management. Risk Management consists of eight interrelated components which define the manner in which a management team runs and organization:

a. Internal Environment. This is the ghost and culture of an organization. It sets the line on how risk is viewed by the organization and the employees. Risk Management is the basis by which organizations develop their...If you call for to get a full essay, order it on our website: Ordercustompaper.com



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