what are the risk management strategies?
238713
['Avoid it.', 'Reduce it.', 'Transfer it.', 'Accept it.']
914904
['Risk identification.', 'Risk measurement and assessment.', 'Risk mitigation.', 'Risk reporting and monitoring.', 'Risk governance.']
1099644
['Identify the assets to be protected. ... ', 'Identify the threats to those assets. ... ', 'Apply controls in a layered, overlapping way until the risks are reduced to an acceptable level.', 'Test the adequacy and effectiveness of the controls.', 'Monitor the program and periodically repeat the process.']
1071570
['Cost Differentiation Strategy. This strategy is all about pricing your product right. ... ', 'Product Differentiation Strategy. In this strategy, you have the leverage to keep the prices that you deem necessary. ... ', 'Growth Strategy. This strategy comes into picture when the business is doing well yet the revenues are static.']
1268505
Risk mitigation vs. Risk mitigation is the process of planning for disasters and having a way to lessen the negative impact. Other elements of risk management include risk acceptance and risk transfer. Risk acceptance is accepting a risk for a given period of time to prioritize other risks.
202577
['Risk Management issues which are often overlooked.', 'Lack of accountability.', 'Not taking risk assessment seriously.', 'Lack of transparency.', 'Overlooking risks which are known.', 'Failure with managing risks on real time basis.', 'Not prioritizing vulnerabilities.', 'Stressing too much on High Impact, Low Probability Risks.']
402849
['Situational. Changes in a situation can result in new risks. ... ', 'Time-based. In this case, the probability of the risk occurring at the beginning of the project is very high (due to the unknown factor), and diminishes along as the project progresses. ... ', 'Interdependence. ... ', 'Magnitude Dependent. ... ', 'Value-Based.']
679101
Insurance pays for the damages if the risk were to occur. Risk management provides a clear and structured approach to identifying risks. ... However, having an effective and operational risk management practice shows an insurer that your organization is committed to loss reduction or prevention.
444461
Risk management is predicting and managing risks that could hinder the organization from reliably achieving its objectives under uncertainty. Compliance refers to adhering with the mandated boundaries (laws and regulations) and voluntary boundaries (company's policies, procedures, etc.).
737427
Risk management in healthcare comprises the clinical and administrative systems, processes, and reports employed to detect, monitor, assess, mitigate, and prevent risks.
901037
['Cost Differentiation Strategy. This strategy is all about pricing your product right. ... ', 'Product Differentiation Strategy. In this strategy, you have the leverage to keep the prices that you deem necessary. ... ', 'Growth Strategy.']
556897
["Objectively review an organization's business processes.", 'Evaluate the efficacy of risk management procedures that are currently in place.', "Protect against fraud and theft of the organization's assets."]
363937
['Document control.', 'Change control.', 'Enterprise & operational risk management.', 'Supplier management.', 'Equipment and asset management.', 'CAPA management.', 'Policy management.', 'Internal audit.']
941337
risk management view of risk management is often confined to risks related to a personal injury lawsuit or a property damage claim. Preventive law one that looks at all risk that could affect the institution's financial health.
378047
['Control Environment;', 'Risk Management;', 'Controls;', 'Information and Communications, and.', 'Monitoring.']
1282462
Risks are generally treated at project level through one of four methods: avoidance, mitigation, transfer or acceptance. The program risk methodology should provide some practical guidance as to situations in which the different methods should be employed.
1246385
Quality Risk Management is the set of leadership, business process, culture, and technology capabilities an organizations establishes to create a collaborative approach for for identifying, quantifying, and mitigating product, operational, supplier, and supply chain risks that can impact quality.