| |
If we think about the possibilty of robbery of house event, we certainly know that we can change the probability of this uncertainty by changing the conditions at home. For example, securing the home with an alarm system is the first thing that comes to mind. This is a part of security actions to prevent this possible event. By this manner, we actually try to control this uncertainty, risk, in other words; we actually try to manage the risk.
We can deal with risks like a regular activity in our life, but, in our business and in our organization, we have to manage these possibilities of loss, in more attentive toward and in a formal way. By this perspective, Risk Management field has come into existence and has been gained popularity in challenging environment of the world.
Every organization or business has a mission to accomplish. Their management should provide that the work to accomplish the mission should go in its expected way by identifying and preventing the risks before those risks arise in a problem; in other words by including risk management in their regular management process.
By this view of point, risk management has vital importance to all size of companies, organizations, business units or projects in different markets and sectors. The management group should understand and should accept the importance of risk management.
Formally, Risk Management can be defined as the process of identifying, assessing the risk and developing strategies to manage it. Strategies may include transferring the risk to another party, avoiding it, reducing the negative effect, and accepting some or all of the consequences of a risk.
In different markets or sectors there are different types of risks and so, the risk management procedures and techniques vary in their application ways but the target is same; putting the risks under control and accomplishing the mission as expected.
For example, a corn field has different risks than a financial credit company, or than a software development project. These days, with their industry specific risks, software development projects have very important role in this challenging world and should be managed by considering and including the risk management activities to reach the success. |
| |
etuzun (07.07.2008 00:21) |
Add a New  rticle! |
 Tags Of The Subject
risk definition risk management |
|
|
 Search Keyword |
|
|
ips & Definitions -
Risk Management 
Add New Tips & Definitions
New Categories
Top 10