What is risk management?

Risk identification

Risk assessment

What should we do about uncertainty?

Conclusion

Risk Management Framework

The Risk Management Process

Authorization

Risk in Practice

Introduction

In every business

A good sense of Risk in its different forms

Risk Management occurs

Risk Management Process

Identify the Risk

Analyze The Risk

Prioritize the Risk

Treat the Risk

Monitor the Risk

Risk avoidance

Risk reduction

Risk sharing

Risk retention

Non-Business Risk

Financial Risk: Financial Risk as the term refers to the risk

1. Everyone Should Manage Risk

Makes Jobs Safer

Enables Project Success

4. Reduces Unexpected Events

Guides Decision Making

The role of the board and management

Risk management framework

Types of risk

The risk management process

Governance Institute's vision

Introduction

The Importance of Risk Management

Tools to Help Identify Risks

Types of Risk

Risk Mitigation Strategies

Building a Risk Management Plan

Communicating Risks to Stakeholders

Learning objectives

Regulatory requirements

Investigation of non-conforming product

Examples of Risk Management Techniques

Risk Management Process

Preliminary Hazard Analysis (PHA)

Fault tree analysis (FTA)

Benefit-Risk Analysis

Conclusion

Your call to action

Get Your Risk List Together

Mitigation

Example of What a Project Risk Register

Identify Risks

Political risks

Economic risks

T stands for Technology

Regulatory Risks

Safety and Security Risks

Keep a running list of all the risks you identify on all your projects

Terminate, Treat, Transfer, Tolerate

Estimating Risk

Conclusion

What is Risk Management?

Steps in risk management

What are risk management strategies?

Conclusion

What's your tolerance for risk?

Risk management is a term used to describe two separate approaches: one is an element of corporate governance, and the other involves certain rules and procedures to attract financing, talent, and satisfy regulators and stakeholders.

Risk management involves implementing policies, frameworks, and tools to assess and mitigate potential risks.

Apply decision science, behavioral economics, and neuroscience to make informed business decisions regarding technology, alternatives, budgeting, deals, transactions, and contracts.

Risk management involves pausing before making a decision, applying techniques from probability theory, decision science, and neuroscience to improve the quality of the decision when there is uncertainty and it is important to the corporation's objectives.

Applying quantitative risk analysis to insurance decisions can significantly impact the type of insurance purchased, highlighting the importance of calculating the underlying risk profile.

Saving over $10 million in a year made a significant impact on the outcome.

Risk management involves managing both a risk management fund and the overall risk of a corporation, requiring the corporate risk manager to balance both responsibilities.

Risk management involves supporting important business decisions by applying techniques and tools from probability theory, decision science, and neuroscience, which can include doing calculations oneself or creating a culture and processes for the business to do risk analysis.

Office of Enterprise Risk Management

Essential Elements of Enterprise Risk

Essential Flements of Enterprise Risk Management