151 Ways To Identify Risk
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Effective risk management requires risk identification; it is the first essential step in every risk management process. The goal is to develop risk treatments that are efficient and effective across the entire process from initiation to completion. And, you cannot treat risks without knowing what they are.. A thorough identification process leads to greater confidence that your decisions will produce positive results. By continuously scanning key areas, your risk management approach will effectively anticipate and mitigate risks that can have critical impact on your organization.
This guide helps you establish an organized approach to risk identification by covering key areas of your operation. Sources of risk covered are: Premises, Buildings and Contents; Loss of Income; Documentation Review; Corporate Governance; Legal Liability; Personnel Management; Fraud/Theft of Assets and Corporate Risk Tolerance. Risk identification focuses on:
•finding risks - not their potential impact, (that comes later).
•listing risks which affect a broad range of corporate objectives (including vague objectives like 'protect corporate reputation').
Keep in mind the identification process DOES NOT include listing risks which simply state the opposite of your goals. (i.e. Stating that a risk is 'a break-in at office' does not explain what hazard exists that creates that risk.)
R. Joy Jackson
Joy is a risk management speaker, consultant, author and educator who shows a deep understanding how you can use risk management to overcome obstacles in your business. A professional risk manager with over 25 years experience, Joy believes everyone can benefit from using risk management as one aspect of business skills. A believer in continuing education she encourages greater understanding of business risk and the many ways you can learn to control it. Joy can help you utilize risk management tools to take advantage of opportunities, attract and retain employees and reduce the cost of business.A Fellow, Chartered Insurance Professional with the Insurance Institute of Canada and a Fellow, Risk Manager in the Global Risk Management Institute. Joy offers teaching and training in classrooms, association boardrooms, and as a conference speaker. She’s helped many organizations to improve their approaches to operational management and insurance purchasing. By inspiring you to think differently, work smarter, you can reach your goals faster and with less cost. Read all risk management articles at cunnart.com for free
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151 Ways To Identify Risk - R. Joy Jackson
ISBN: 9781310145094
Title: 151 Ways to Identify Risk
Author: Joy Jackson
Publisher: Smashwords, Inc.
Copyright © 2016
Second Edition
All rights reserved.
www.cunnart.com
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