ppt on risk management .. this ppt contain how to control risk. risk types and third party risk

1. RISK MANAGEMENT

2. RISK ?
Risk is an unplanned event or condition that can
have positive or negative effect on objective.

3. RISK TYPES
• Business Risk: These types of risks are taken by business enterprises
themselves in order to maximize shareholder value and profits.
• Non- Business Risk: These types of risks are not under the control of
firms.
• Financial Risk: Financial Risk as the term suggests is the risk that
involves financial loss to firms.

4. What is risk management and why imp?
• By implementing a risk management plan and considering the various
potential risks or events before they occur, an organization can save
money and protect their future.

5. Risk management strategies and processes
• Establish context
• Risk identification
• Risk analysis
• Risk assessment and evaluation
• Risk mitigation
• Communicate and consult
• Risk monitoring

7. Risk management approaches
• Risk Avoidance: While the complete elimination of all risk is rarely
possible, a risk avoidance strategy is designed to deflect as many
threats as possible in order to avoid the costly and disruptive
consequences of a damaging event.
• Risk reduction. Companies are sometimes able to reduce the amount
of effect certain risks can have on company processes. This is
achieved by adjusting certain aspects of an overall project plan or
company process, or by reducing its scope.

8. Risk sharing
Risk retaining

10. companies that failed to do risk management
Libor-fixing scandal (2012)
Peregrine Financial embezzlement (2012)
JPMorgan $14.6 billion in regulatory fines (2013)
General Motors recalls (2014)

11. THANK Y U