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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%
MAJOR: CONTADOR PÚBLICO ENGLISH SUBJET: ASSIGNMENT 3 GROUP: 5CM2 TEACHER: MARIA BELEN VAZQUEZ CONDE DATE: SEPTEMBER 8th 2024

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.