/ Risk Management Assignment Help
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Risk Management is a department that deals with the recognition of risk in an organization. It helps to minimize the loss condition and turns it into the income. Risk can come from monetary risk, credit risks, product failure, disaster risk, etc. Risk management determines the utmost acceptable level of any activity’s risk.
Risk management in business terms is a procedure including the forecasting and assessment of financial risks together with the identification of actions to minimize or totally avoid their impact. It gives a prospect to identify, assess, and prioritize risks followed by synchronized and economical application of resources to reduce, monitor, and control the prospect or impact of untoward events.
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There are several risks involved while making a decision about your investment. For example- if you are investing in shares then there is a chance that the prices may go down in next two days. Consequently, the quantity of the risks depends on the kind of financial instrument used. Therefore the risk management must:
Different departments and sectors have unique risks. The risk management is classified into various types that are: -
| Enterprise risk management. | Operational risk management. |
| Financial risk management. | Market risk management |
| Commodity risk management | Bank risk management. |
| Non-profit risk management. | OttTechnology risk management etc. |
It is essential to count risk factors and its effects on the business to reduce the loss condition. So, risk management needs a deep study and a risk manager has to think about every aspect that can harm the business. The areas we covered in our risk management assignment aid are:
| The Concept of risk | Types of risk |
| Measurement of risk | Risk evaluation and prediction |
| Sources of risk | Managing risk |
| Statistical techniques in risk | Disaster risk management |
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