A3_wHAT IS RISK MANAGEMENT_TEAM#10_5CM4

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September ,2024

Delivery Date:

María Belen Vazquez Conde

Teacher´s Name:

5CM4

Group

Team: 10

• Garcia Perea Ana Cristal
• Martínez Aguilar María José
• Serrano Ortiz Dulce Lilian
• Vázquez Hernández Luis Enrique
• Velasco De Jesús Yuritzi

Students Name:

Risk Managment

English Subject Complement

Accounting

Major

Unidad Santo Tómas

Escuela Superior de Comercio y Administración

Instituto Politecnico Nacional

Different situations that could happen to a company.

Controlling

Assessing

Identifying

Analyzing

Forescasting

Process

What is Risk Management?

-Malicious or negative event

Effect of Uncertainty on objectives

Possibility of Something bad happening

Threat

Risk

Strategic Management Errores:

1. Bad Plan ING
2. Too many strategic goals
3. unclear objectives

Legal Liabilities:

1. Break the rules. 2. Not Following the Processes

Human Error:

1. Number mistakes When somebody swaps numbers or don’t write correctly amounts. 2. Forget something

Natural Disasters:

1. Earthquake 2. Tsunami 3. Hurricane

Risk and Threats

• Unsafe websites

• Frauds in buying and selling

• Account Hacking

Digital Risk

The development of companies is more digital and now there are more risks with thir nformation and investments

reduce the possibility of a risk occurring.

make safe decisions

empowers a business.

identify and deal with potential risks.

Why is important?

Risk Management is important because:

to prepare for eventualities

Complex calculations

Potential Threats

Unmanaged losses

Difficulty in implementing

Succesful Business

Protecting resources

Minimization

Treatment

New Opportunities

Disadvantages

Advantages

When companies want to do an appropriate risk management they have to

Establish Context

Identify Risks

Define Potential Risks

Analyze Risks

Assess and Evaluate risks.

Mitigate Risks

Monitor Risks

Communicate Shareholders

Plan

Risk Transfer

Risk Retention

Risk Reduction

Risk Avoidance

Strategies

• Large amounts of data
• Experience
• Time
• Money

Conclusion

Proper risk management enables teams to minimize exposure and potential extra costs

Thanks You for your attention