A3 risk management
Munguía Vázquez Karla
Created on September 7, 2024
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Transcript
INSTITUTO POLITÉCNICO NACIONAL ESCUELA SUPERIOR DE COMERCIO Y ADMINISTRACIÓN UNIDAD STO. TOMÁS
STUDENTS:
- DE LA O SANCHEZ LUIS ANTONIO 100%
- GARCIA PINEDA KARLA YAMILE 100%
- MUNGUIA VAZQUEZ KARLA 100%
- ORTA SAUCILLO IVAN ALEJANDRO 100%
- SANTIAGO TORRES NAYELI ESMERALDA 100%
Importance
5
Strategies
4
Steps
3
Types of risk
2
Concept
1
INDEX
Interesting fact
Risk management is a process of appropriately managing risks that involves • identifying • assessing • controlling threats to an organization's capital and profits
WHAT IS RISK MANAGEMENT?
Risk management is a process of appropriately managing risks that involves • identifying • assessing • controlling threats to an organization's capital and profits
WHAT IS RISK MANAGEMENT?
Legal liabilities
WHAT RISK CAN A COMPANY FACE?
Risks or threats include strategic management errors
Human error
Natural desasters
Specifically, plans also include processes to identify and control threats to digital assets.
1. Establish the context in which the rest of the process will take place 2. Identify and define potential risks 3. Analyze the risks.4. Assess and evaluate the risks in relation to the company 5. Mitigate the risks by developing specific risk controls 6. Monitor the risks by keeping track of both the risks and the overall plan 7. Communicate and consult with shareholders risk management strategies
RISK MANAGEMENT PLANS
All risk management plans follow the same steps
STRATEGIES
Risk management strategies include • avoiding risk • reducing risk • sharing risk • retaining risk All strategies to answer questions such as what can go wrong? How will it affect the organization? What can be done? And how will we pay for it?
What is risk management important?
In general, a risk is a combination of the probability or frequency of an event and its consequences, which are usually negative, so creating a framework will enable companies to manage risk and uncertainty.
Risk management must encompass more than simply minimising the risk exposure of the enterprise.
Risk Management
Risk esposure
What is risk exposure?
Why is risk exposure important?
What are the most common types of risk exposure?
What is risk exposure?
Risk exposure is the quantified potential loss from business activities currently underway or planned.
Why is risk exposure important?
Risk exposure in business is used to rank the probability of different types of losses and to determine which losses are acceptable or unacceptable.
What are the most common types of risk exposure?
Brand damage, compliance failures, security breaches and liability issues.
The objective of risk management is to maximise the value of the firm by reducing the costs associated with various risks.
OBJETIVE
Risk management has perhaps never been more important than it is now. The risks that modern organizations face have grown more complex, fueled by the rapid pace of globalization. New risks are constantly emerging, often related to and generated by the now pervasive use of digital technology.