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Risk Management
Risk Management involves the identification and analysis of loss exposures to persons and entities. It also addresses the kinds of actions that may be taken to minimize the financial impact of those risks, such as risk avoidance, risk reduction and risk transfer. This topic should address types of risk (for example, "pure" risk vs. "financial" risk) and should differentiate between personal risk management techniques and commercial risk management techniques. In the latter respects, the topic can dovetail into many issues addressed in the Insurance topic.
2,845 Questions
What does a crm company do on a day to day basis?
A CRM company's daily job is customer response management. This includes relaying information to the public, relaying questions and concerns to the company, and ensuring customers are happy with their company.
What are some of the biggest risk management firms?
There are a wide variety of large, reputable risk management firms. Some notable examples include Arthur J. Gallagher & Co., ABS Consulting, and McKinsey & Company.
Is risk management is strictly the responsibility of the commander?
No, risk management is not strictly the responsibility of the commander.
What does CRM management stand for?
CRM stands for Customer Relationship Management but it could mean and Customer Relationship Marketing, so give the the sentence and i will explain what it means there.
What is the purpose of getting a fire risk assessment?
A fire risk assessment is the best way to assess the risk of having a fire in your home, or business. Inspectors can detail any existing, and potential future fire hazards, saving the company property damage, and possibly saving lives.
What are the 2 primary levels of air force risk management?
The two primary levels of the air force risk management are fiscal and moral. There is a fiscal responsibility to enhance the bottom line with sound safety practices, and a moral obligation to protect lives and the environment.
Is assessing hazards which elements make up the cross matrix comparison to determine a risk level?
reduction
What is the purpose of feedback and lessons learned in the risk management process?
Hellow, Web designers are requested to make a free access to public benefit.
1.Feed back received from any source provides a picture of the situation or people or students or viewers or customers depending upon the case.
From the data received draw a normal curve after calculating mean, SD and test it(t test, Ztest etc.). This gives a clear picture of negative and positive areas of the situation. Explaining you, whether normal or skewed. Very clearly one can manage a risk, or modify teaching methodology, broadcast appropriately to satify or attract viewers etc, as the case may be. But please note this donot apply for commercial advertisements
Regards
Dr.VCSRayudu, Rtd professor.
The probability of an adverse or critical event occurring is what words like frequency, likely, occasional, seldom, and unlikely refer to in the risk assessment matrix.
A critical risk is a risk where there is vulnerability. The vulnerability could possibly cause grave damage to the viability of whatever it is that is at risk.
When is real-time management used?
When unexpected circumstances threaten the success of the mission.
When previously planned backup support suddenly becomes unavailable.
When you can't remember the next step in 5-Step Deliberative RM Process.
Which elements make up the cross-matrix comparison to determine a risk level?
severity, exposure and probability
What is the wingman concept as it relates to risk management?
A commitment between Airmen to watch over one another, accomplish the mission/activity and keep each other safe.
What is the risk identification advantage gained by performing an operational analysis?
Required resources and responsibilities become clear to everyone
Risk assessments evaluate the sensitivity and critical of the system or application data to the vulnerabilities, threats, impacts, and potential countermeasures that may exist in its environment.
What factors determine the risk level in the Risk Assessment Matrix?
Probability and Severity are the two factors determine the risk level in the Risk Assessment Matrix.
What are five steps of procurement process?
The procurement process typically involves five key steps:
- Needs Identification: Determine what goods or services are required to meet organizational objectives.
- Supplier Research and Selection: Identify potential suppliers and evaluate them based on criteria such as price, quality, and reliability.
- Purchase Requisition: Create and submit a formal request for approval to procure the identified goods or services.
- Order Placement: Issue a purchase order to the selected supplier, detailing the terms and conditions of the purchase.
- Receiving and Evaluation: Inspect and accept the delivered goods or services, and evaluate supplier performance for future procurement decisions.
What is the basic purpose of demographic in management?
The basic purpose of demographics in management is to insure an organisation has a qualified workforce in proximity to the work place. Management demographics is used in the expansion of most large business.
Which army regulation supersedes FM 100-14 concerning Composite Management?
FM 5-19 supersedes FM 100-14.
But ATP 5-19 supercedes FM 5-19 as of April 2014
Why some diversification decisions might be higher risk than others?
Some diversification decisions may involve higher risk due to factors such as the correlation between the new investments and existing assets, market volatility, and the potential for overexposure to specific sectors. For example, diversifying into highly correlated assets, like stocks within the same industry, may not provide the intended risk reduction. Additionally, entering unfamiliar markets or sectors without adequate research can lead to unexpected losses. Therefore, the effectiveness of diversification largely depends on the chosen assets' risk profiles and their relationship to the overall portfolio.
