Fundamentals of Risk Management | Accra Metropolitan University

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Fundamentals of Risk Management

Fundamentals of Risk Management - Organizational Body;

Each organisation has a “mission” and therefore, in absolutely general terms, it must address the problem of protecting itself against events that can place the pursuit of this fundamental objective “at risk” (and, as a result, all of the preliminary intermediate objectives). Risks, which are understood as “possible damage”, are connected to situations of uncertainty, with possible negative evolution, to which every organisation is exposed in carrying out its business.
For a long period of time, companies faced different types of risks in a specific and unconnected manner; today, instead, there are methods of “definition and control”, which are collected in a systematic approach known as “Risk Management”, which provides reasonable defence against the possible verification of harmful events.

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Publisher: : ., 644-08
Collation: 1-13
Language: English
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Subject(s): Fundamentals of Risk Management
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