January 2015
Beginner
344 pages
7h 36m
English
Content preview from Key Management Models, 3rd Edition
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23
Risk management
The big picture
Risks are an ubiquitous and characteristic side-effect of taking action by organisations (see also Chapter 33). Although there are many different types of risk (financial, economic, project, market, technical, social, operational, safety, etc.), the structured approach of risk management helps to identify risks and take appropriate action to minimise the likelihood of the occurrence or reduce the (negative) impact of that risk (Figure 23.1).
Figure 23.1 Risk management
When to use it
Every activity brings ...
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