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IJSTR >> Volume 7 - Issue 11, November 2018 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



The Importance Of Risk Management In An Organizations

[Full Text]

 

AUTHOR(S)

Azhar Susanto, Meiryani

 

KEYWORDS

Risk, Management, Importance, Organizations, Risk Management.

 

ABSTRACT

Risk management is a structured approach/methodology for managing uncertainty related to threats; a series of human activities including: Risk assessment, developing strategies to manage it and risk mitigation using resource empowerment/management. Strategies that can be taken include moving risk to other parties, avoiding risks, reducing the negative effects of risk, and accommodating some or all of the consequences of certain risks. Financial risk management, on the other hand, focuses on risks that can be managed using financial instruments. The goal of implementing risk management is to reduce the different risks associated with the chosen field at a level acceptable to the community. This can be in the form of various types of threats caused by the environment, technology, people, organizations and politics. The implementation of risk management involves all means available to humans, in particular, to risk management entities as human, staff and organization.

 

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