What is This Thing Called Risk Management?
- Topics:
- Contingency Planning
- Tags:
- DISASTER-RESOURCE.com,
- Finance,
- Financial Planning,
- Financial Services,
- Management,
- Risk Management,
- Security,
- Strategy
- Source:
- DISASTER-RESOURCE.com
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Overview: Most people equate risk management with insurance. Insurance is one aspect of risk management, but certainly not the only one. Then there are the operations managers who equate risk management with disaster recovery. Even though insurance and disaster recovery are necessary parts of risk management, both will hopefully never be needed. That’s where end-to-end risk management comes into play. This article discusses four components of risk management: Indexing, Assessing, Mitigating and measuring in detail. Thus, risk management is an art and like any work of art it is valuable, something to be admired and worth its weight in gold.
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Format: HTML | Date: Jan 2003 | Pages: 1
