Risk Management
NO RISK ………NO GAIN…………...
Risk is around us …..everytime….everywhere…
Risk Management——————————————————————————————————————–
Procedures to kick-start Risk Management
PDCA Approach
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SWOT Approach
https://bow-now.com/media/column/swot_analysis
Strength; Weakness; Opportunity; Threat
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Definition of Risk Management
Risk management comprises a framework and process then enables an organization to manage uncertainties in a systematic, effective, efficient way from strategy, program, project and operational perspective, as well as supporting continual improvement and corrective actions based on the risk analysis. (refer to ISO 31000 Guidelines)
Risk Score = Probability x Impact
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