hello to the world of risk management, or what is sometimes now called enterprise risk management or ERM.
for anyone looking for a reference to the concepts used in the past or the newly appointed expert danger, and you will see elements of risk management in the organization in some of the concepts below. May be part of:
- contingency planning,
- review and due diligence,
- review of the acquisition,
- , and mergers and acquisitions review,
- operational evaluation of
- facilitated senior management strategy session in this approach, or
- risk management.
by a common source of the definitions of the Business Dictionary, think of these concepts as follows:
acquiring coordinate planning of individuals involved in the purchase of an asset or supply activities to ensure the timely and cost-effective.
contingency planning activity is taken to ensure that will be taken by the management and staff in emergencies appropriate and immediate follow-up steps. Its main aims are to ensure the following:
(1) contain the damage or injuries, or losses, individuals and property, and
(2) the continuity of the main operations of the organization.
due diligence is a measure of wisdom, responsibility and diligence that is expected of it, and usually practiced before, sane and wise in these circumstances.
operational evaluation is to assess the effectiveness of the work and suitability of the system during the test methods aims to:
(1) identify the flaws and gaps and areas of danger,
(2) the adequacy of the output measure, and
(3 ) assess the reliability of operations.
risk management policies, procedures and practices involved in the identification, analysis, evaluation and monitoring, and to avoid, reduce or eliminate unacceptable risks. Assuming the risk of the company, and to avoid the risks may use, and retention of risk, and risk transfer, or any other strategy (or a combination of strategies) in future events sound management.
often the new expert in the job has to get a working knowledge of the terminology and industry buzz expressions as one of their first steps. If you are an expert in risk management of the new institution, or a risk management expert, and you'll see these conditions regularly.
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