Risk Management Strategies and the Role of Senior Managers

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3346053962
Total Pages : 26 pages
Book Rating : 4.3/5 (46 download)

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Book Synopsis Risk Management Strategies and the Role of Senior Managers by : Difrine Madara

Download or read book Risk Management Strategies and the Role of Senior Managers written by Difrine Madara and published by GRIN Verlag. This book was released on 2019-11-08 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2018 in the subject Business economics - Business Management, Corporate Governance, grade: A, Kenyatta University, language: English, abstract: Risks are inevitable in any business organisation. In this case, a company must put in place comprehensive measures to address various types of risks that a company may face. A senior manager of any organisation has a significant role to play in designing risk management strategies for the company. This report is, therefore, about the role of senior management in risk assessment, development of the company’s risk management strategy, communication and ressourcing risk management strategies and the evaluation of outcomes. Risk management can be defined as the process of identifying, evaluating and prioritising risks supported by a well-coordinated efficient investment of ressources to minimise, monitor and control the probability of the occurrence of the unfortunate events and maximise attainment of opportunities. Risks originate from several sources, such as uncertainty in the financial markets, threats of project failure, legal issues, accidents, credit risks, and natural occurrences, among others. There are also cases where some events that have never happened before can occur, such as 9/11 terror attacks. These risks are referred to as unforeseeable risks. According to Nassim Taleb, unforeseeable risks are events, which are the rare but high impact on the business or organisation. In the contemporary business environment, inventions, such as social media and natural issues, such as global warming can have a massive impact on business thus the management should prepare for such issues or events appropriately. Risk management, therefore, encompasses strategies adopted by the organisation to ensure that the negative effects of these uncertainties are limited by avoiding, reducing, transferring or accepting the risk. However, risk management initiatives must also consider strategic risks. Basically, strategic risks refer to long-term risks that may arise from long-term decisions taken by the company. That is, a strategic risk refers to potential losses that the company may incur as a result of pursuing wrong business or long-term plans. In this regard, strategic risk management could be described as identifying, assessing and managing risk processes that arise from the company’s business strategy, which includes taking necessary actions if such risks are identified. It encompasses the evaluation of a broad range of probable incidents and circumstances that may disturb the company’s strategy and its performance.

The Owner's Role in Project Risk Management

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Author :
Publisher : National Academies Press
ISBN 13 : 0309181615
Total Pages : 102 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Owner's Role in Project Risk Management by : National Research Council

Download or read book The Owner's Role in Project Risk Management written by National Research Council and published by National Academies Press. This book was released on 2005-02-25 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effective risk management is essential for the success of large projects built and operated by the Department of Energy (DOE), particularly for the one-of-a-kind projects that characterize much of its mission. To enhance DOE's risk management efforts, the department asked the NRC to prepare a summary of the most effective practices used by leading owner organizations. The study's primary objective was to provide DOE project managers with a basic understanding of both the project owner's risk management role and effective oversight of those risk management activities delegated to contractors.

The Risk Management Process

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Publisher : John Wiley & Sons
ISBN 13 : 0471151246
Total Pages : 625 pages
Book Rating : 4.4/5 (711 download)

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Book Synopsis The Risk Management Process by : Christopher L. Culp

Download or read book The Risk Management Process written by Christopher L. Culp and published by John Wiley & Sons. This book was released on 2002-02-28 with total page 625 pages. Available in PDF, EPUB and Kindle. Book excerpt: Integrates essential risk management practices with practical corporate business strategies Focusing on educating readers on how to integrate risk management with corporate business strategy-not just on hedging practices-The Risk Management Process is the first financial risk management book that combines a detailed, big picture discussion of firm-wide risk management with a comprehensive discussion of derivatives-based hedging strategies and tactics. An essential component of any corporate business strategy today, risk management has become a mainstream business process at the highest level of the world's largest financial institutions, corporations, and investment management groups. Addressing the need for a well-balanced book on the subject, respected leader and teacher on the subject Christopher Culp has produced a well-balanced, comprehensive reference text for a broad audience of financial institutions and agents, nonfinancial corporations, and institutional investors.

The Risk Manager's Desk Reference

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Author :
Publisher : Jones & Bartlett Learning
ISBN 13 : 9780834210165
Total Pages : 548 pages
Book Rating : 4.2/5 (11 download)

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Book Synopsis The Risk Manager's Desk Reference by : Barbara J. Youngberg

Download or read book The Risk Manager's Desk Reference written by Barbara J. Youngberg and published by Jones & Bartlett Learning. This book was released on 1998 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Risk Manager's Desk Reference, Second Edition is the definitive guide to ensure quality in your organization and save thousands of dollars in costly lawsuits. It puts at your fingertips the information you need on integrating quality assurance and risk management, understanding risk management in a managed care environment, and program development. With this book you learn how to integrate patient support services and facilitate physician participation. This handy reference offers concise information on your most challenging concerns and various ethical issues.

Risk From the CEO and Board Perspective: What All Managers Need to Know About Growth in a Turbulent World : What All Managers Need to Know About Growth in a Turbulent World

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Author :
Publisher : Mcgraw-hill
ISBN 13 : 9780071434713
Total Pages : 256 pages
Book Rating : 4.4/5 (347 download)

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Book Synopsis Risk From the CEO and Board Perspective: What All Managers Need to Know About Growth in a Turbulent World : What All Managers Need to Know About Growth in a Turbulent World by : Mary Pat McCarthy

Download or read book Risk From the CEO and Board Perspective: What All Managers Need to Know About Growth in a Turbulent World : What All Managers Need to Know About Growth in a Turbulent World written by Mary Pat McCarthy and published by Mcgraw-hill. This book was released on 2003-11-17 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: What all managers need to know about growth in a turbulent world Especially in these turbulent times, good risk management is about exploiting opportunities for growth while protecting value already created. To do this, corporate leaders must, first and foremost, learn to manage the chain of cause and effect between risk and shareholder value. Now Risk shows them how. As vice chairs of the international consulting giant KPMG L.L.P., authors Mary Pat McCarthy and Tim Flynn are uniquely qualified to offer executives and senior managers this ultimate primer on risk and its optimization and management. Packed with case studies and exclusive interviews with executives of many Fortune 500 companies Explores the most successful risk management strategies now in use internationally and offers prescriptions for adapting them to any company

Principles of Risk Management and Patient Safety

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Publisher : Jones & Bartlett Learning
ISBN 13 : 0763774057
Total Pages : 519 pages
Book Rating : 4.7/5 (637 download)

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Book Synopsis Principles of Risk Management and Patient Safety by : Barbara Youngberg

Download or read book Principles of Risk Management and Patient Safety written by Barbara Youngberg and published by Jones & Bartlett Learning. This book was released on 2010-10-15 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: Health Sciences & Professions

Enterprise Risk Management

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Publisher : John Wiley & Sons
ISBN 13 : 1119741483
Total Pages : 951 pages
Book Rating : 4.1/5 (197 download)

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Book Synopsis Enterprise Risk Management by : John R. S. Fraser

Download or read book Enterprise Risk Management written by John R. S. Fraser and published by John Wiley & Sons. This book was released on 2021-07-07 with total page 951 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlock the incredible potential of enterprise risk management There has been much evolution in terms of ERM best practices, experience, and standards and regulation over the past decade. Enterprise Risk Management: Today’s Leading Research and Best Practices for Tomorrow’s Executives, Second Edition is the revised and updated essential guide to the now immensely popular topic of enterprise risk management (ERM). With contributions from leading academics and practitioners, this book offers insights into what practitioners are doing and what the future holds. You’ll discover how you can implement best practices, improve ERM tools and techniques, and even learn to teach ERM. Retaining the holistic approach to ERM that made the first edition such a success, this new edition adds coverage of new topics including cybersecurity risk, ERM in government, foreign exchange risk, risk appetite, innovation risk, outsourcing risk, scenario planning, climate change risk, and much more. In addition, the new edition includes important updates and enhancements to topics covered in the first edition; so much of it has been revised and enhanced that it is essentially an entirely new book. Enterprise Risk Management introduces you to the concepts and techniques that allow you to identify risks and prioritize the appropriate responses. This invaluable guide offers a broad overview, covering key issues while focusing on the principles that drive effective decision making and determine business success. This comprehensive resource also provides a thorough introduction to ERM as it relates to credit, market, and operational risk, as well as the evolving requirements of the board of directors’ role in overseeing ERM. Through the comprehensive chapters and leading research and best practices covered, this book: Provides a holistic overview of key topics in ERM, including the role of the chief risk officer, development and use of key risk indicators and the risk-based allocation of resources Contains second-edition updates covering additional material related to teaching ERM, risk frameworks, risk culture, credit and market risk, risk workshops and risk profiles and much more. Over 90% of the content from the first edition has been revised or enhanced Reveals how you can prudently apply ERM best practices within the context of your underlying business activities Filled with helpful examples, tables, and illustrations, Enterprise Risk Management, Second Edition offers a wealth of knowledge on the drivers, the techniques, the benefits, as well as the pitfalls to avoid, in successfully implementing ERM.

Handbook of Integrated Risk Management for E-Business

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Author :
Publisher : J. Ross Publishing
ISBN 13 : 193215907X
Total Pages : 318 pages
Book Rating : 4.9/5 (321 download)

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Book Synopsis Handbook of Integrated Risk Management for E-Business by : Abderrahim Labbi

Download or read book Handbook of Integrated Risk Management for E-Business written by Abderrahim Labbi and published by J. Ross Publishing. This book was released on 2005-11-09 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: “This book provides a recipe for the practical application of technology and is one of the first instances where the tools and technologies that allow for the implementation of solutions to solve specific problems are actually outlined.” --Dr. Krishna Nathan, Vice President, IBM Research This ground-breaking book integrates converging views of e-business processes and offers ways to manage their inherent risks with advanced modeling techniques. Contributors from leading academic and business organizations explore state-of-the-art adaptive risk analysis systems that support business processes in project portfolio management, operations management, supply chain management, inventory control, data mining for customer relationship management, information technology security, finance, e-banking, and more. Today’s new business environments are characterized by increasing sources of uncertainty and variability which challenge current decision-making processes.Handbook of Integrated Risk Management for E-Business: Measuring, Modeling, and Managing Risk provides a roadmap for identifying and mitigating the primary risks associated with each critical e-business process. It also shows you how to transform your processes by empowering your decision-making systems and how to design appropriate risk management systems for decision support.

The Owner's Role in Project Risk Management

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Author :
Publisher : National Academies Press
ISBN 13 : 0309095182
Total Pages : 102 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis The Owner's Role in Project Risk Management by : National Research Council

Download or read book The Owner's Role in Project Risk Management written by National Research Council and published by National Academies Press. This book was released on 2005-03-25 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effective risk management is essential for the success of large projects built and operated by the Department of Energy (DOE), particularly for the one-of-a-kind projects that characterize much of its mission. To enhance DOE's risk management efforts, the department asked the NRC to prepare a summary of the most effective practices used by leading owner organizations. The study's primary objective was to provide DOE project managers with a basic understanding of both the project owner's risk management role and effective oversight of those risk management activities delegated to contractors.

Managing Risk in Organizations

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Publisher : John Wiley & Sons
ISBN 13 : 0787972649
Total Pages : 288 pages
Book Rating : 4.7/5 (879 download)

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Book Synopsis Managing Risk in Organizations by : J. Davidson Frame

Download or read book Managing Risk in Organizations written by J. Davidson Frame and published by John Wiley & Sons. This book was released on 2003-08-05 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Risk in Organizations offers a proven framework for handling risks across all types of organizations. In this comprehensive resource, David Frame—a leading expert in risk management—examines the risks routinely encountered in business, offers prescriptions to assess the effects of various risks, and shows how to develop effective strategies to cope with risks. In addition, the book is filled with practical tools and techniques used by professional risk practitioners that can be readily applied by project managers, financial managers, and any manager or consultant who deals with risk within an organization. Managing Risk in Organizations is filled with illustrative case studies and Outlines the various types of risk—pure, operational, project, technical, business, and political Reveals what risk management can and cannot accomplish Shows how to organize risk management efforts to conduct risk assessments, manage crises, and recover from disasters Includes a systematic risk management processrisk management planning, risk identification, qualitative impact analysis, quantitative impact analysis, risk response planning, and monitoring control Provides quantitative and qualitative tools to identify and handle risks This much-needed book will enable organizations to take risk seriously and act proactively.

Fundamentals of Enterprise Risk Management Chapter 26: The People of Risk Management–Modern Risk Managers

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Author :
Publisher :
ISBN 13 : 0814430457
Total Pages : 15 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Fundamentals of Enterprise Risk Management Chapter 26: The People of Risk Management–Modern Risk Managers by :

Download or read book Fundamentals of Enterprise Risk Management Chapter 26: The People of Risk Management–Modern Risk Managers written by and published by . This book was released on with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Complete Idiot's Guide to Risk Management

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Author :
Publisher : Penguin
ISBN 13 : 1101196238
Total Pages : 447 pages
Book Rating : 4.1/5 (11 download)

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Book Synopsis The Complete Idiot's Guide to Risk Management by : Annetta Cortez

Download or read book The Complete Idiot's Guide to Risk Management written by Annetta Cortez and published by Penguin. This book was released on 2010-02-02 with total page 447 pages. Available in PDF, EPUB and Kindle. Book excerpt: Manage the risk and maximize the reward! Risk. It's what business is all about. The key to success is to anticipating and managing the risks that can impact business. The Complete Idiot's Guide® to Risk Management provides the key information necessary to manage business risk successfully. • The basic categories of business risk • How to indentify the specific factors that affect any particular business • How to create practical risk models to plan ahead • How to lessen the impact of risk events should they happen • How to profit from strategic risk taking

Supply Chain Risk Management

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Publisher : Kogan Page Publishers
ISBN 13 : 0749464267
Total Pages : 265 pages
Book Rating : 4.7/5 (494 download)

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Book Synopsis Supply Chain Risk Management by : Donald Waters

Download or read book Supply Chain Risk Management written by Donald Waters and published by Kogan Page Publishers. This book was released on 2011-10-03 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vulnerability to sudden supply chain disruption is one of the major threats facing companies today. The challenge for businesses today is to mitigate this risk through creating resilient supply chains. Addressing this need, Supply Chain Risk Management guides you through the whole risk management process from start to finish. Using jargon-free language, this accessible book covers the fundamentals of managing risk in supply chains. From identifying the risks to developing and implementing a risk management strategy, this essential text covers everything you need to know about this critical topic. It assesses the growing impact of risk on supply chains, how to plan for and manage disruptions and disasters, and how to mitigate their effects. It examines a whole range of risks to supply chains, from traffic congestion to major environmental disasters. Highly practical, Supply Chain Risk Management provides a range of useful tables, diagrams and tools and is interspersed with real life case study examples from leading companies, including Nokia, IBM, and BP. The 2nd edition has been completely revised with brand new case studies on the Chilean Mining Disaster and BP oil spill.

Fundamentals of Enterprise Risk Management Chapter 27: The People of Risk Management–Chief Risk and Strategy Officers

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Author :
Publisher :
ISBN 13 : 0814430465
Total Pages : 18 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Fundamentals of Enterprise Risk Management Chapter 27: The People of Risk Management–Chief Risk and Strategy Officers by :

Download or read book Fundamentals of Enterprise Risk Management Chapter 27: The People of Risk Management–Chief Risk and Strategy Officers written by and published by . This book was released on with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Risk-Based Capital

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Author :
Publisher : DIANE Publishing
ISBN 13 : 0788186701
Total Pages : 187 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis Risk-Based Capital by : Lawrence D. Cluff

Download or read book Risk-Based Capital written by Lawrence D. Cluff and published by DIANE Publishing. This book was released on 2000 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt:

FISMA and the Risk Management Framework

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Author :
Publisher : Newnes
ISBN 13 : 1597496421
Total Pages : 585 pages
Book Rating : 4.5/5 (974 download)

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Book Synopsis FISMA and the Risk Management Framework by : Daniel R. Philpott

Download or read book FISMA and the Risk Management Framework written by Daniel R. Philpott and published by Newnes. This book was released on 2012-12-31 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: FISMA and the Risk Management Framework: The New Practice of Federal Cyber Security deals with the Federal Information Security Management Act (FISMA), a law that provides the framework for securing information systems and managing risk associated with information resources in federal government agencies. Comprised of 17 chapters, the book explains the FISMA legislation and its provisions, strengths and limitations, as well as the expectations and obligations of federal agencies subject to FISMA. It also discusses the processes and activities necessary to implement effective information security management following the passage of FISMA, and it describes the National Institute of Standards and Technology's Risk Management Framework. The book looks at how information assurance, risk management, and information systems security is practiced in federal government agencies; the three primary documents that make up the security authorization package: system security plan, security assessment report, and plan of action and milestones; and federal information security-management requirements and initiatives not explicitly covered by FISMA. This book will be helpful to security officers, risk managers, system owners, IT managers, contractors, consultants, service providers, and others involved in securing, managing, or overseeing federal information systems, as well as the mission functions and business processes supported by those systems. Learn how to build a robust, near real-time risk management system and comply with FISMA Discover the changes to FISMA compliance and beyond Gain your systems the authorization they need

Bank Regulation, Risk Management, and Compliance

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000702731
Total Pages : 327 pages
Book Rating : 4.0/5 (7 download)

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Book Synopsis Bank Regulation, Risk Management, and Compliance by : Alexander Dill

Download or read book Bank Regulation, Risk Management, and Compliance written by Alexander Dill and published by Taylor & Francis. This book was released on 2019-10-01 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bank Regulation, Risk Management, and Compliance is a concise yet comprehensive treatment of the primary areas of US banking regulation – micro-prudential, macroprudential, financial consumer protection, and AML/CFT regulation – and their associated risk management and compliance systems. The book’s focus is the US, but its prolific use of standards published by the Basel Committee on Banking Supervision and frequent comparisons with UK and EU versions of US regulation offer a broad perspective on global bank regulation and expectations for internal governance. The book establishes a conceptual framework that helps readers to understand bank regulators’ expectations for the risk management and compliance functions. Informed by the author’s experience at a major credit rating agency in helping to design and implement a ratings compliance system, it explains how the banking business model, through credit extension and credit intermediation, creates the principal risks that regulation is designed to mitigate: credit, interest rate, market, and operational risk, and, more broadly, systemic risk. The book covers, in a single volume, the four areas of bank regulation and supervision and the associated regulatory expectations and firms’ governance systems. Readers desiring to study the subject in a unified manner have needed to separately consult specialized treatments of their areas of interest, resulting in a fragmented grasp of the subject matter. Banking regulation has a cohesive unity due in large part to national authorities’ agreement to follow global standards and to the homogenizing effects of the integrated global financial markets. The book is designed for legal, risk, and compliance banking professionals; students in law, business, and other finance-related graduate programs; and finance professionals generally who want a reference book on bank regulation, risk management, and compliance. It can serve both as a primer for entry-level finance professionals and as a reference guide for seasoned risk and compliance officials, senior management, and regulators and other policymakers. Although the book’s focus is bank regulation, its coverage of corporate governance, risk management, compliance, and management of conflicts of interest in financial institutions has broad application in other financial services sectors. Chapter 6 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.