Risk ManagementUniversity of Economics, Kraków, 2012              Tomasz Aleksandrowicz
media monitoring: current risk events(27 Feb - 4 Mar)
Framework, Process andPrinciples of Risk Management                   based on ISO 31000:2009 Principles and Guidelines on...
Risk management definitions• Risk owner   – person or entity with the accountability and authority to manage a risk• Risk ...
Framework of RM  Relationship between various components of the risk management framework
Processof RM
Principles of risk management (I)• should create and protect value• integral part of organizational processes• part of dec...
Principles of risk management (II)• tailored to organization’s  stakeholders, context and risk profile• takes human and cu...
Risk types                            Excercise            Choose risks from list andassign to one of main risk categories:
Risk Management variants•   Enterprise Risk Management (ERM)•   Financial Risk Management (FRM)•   Operational Risk Manage...
Rm 03
Upcoming SlideShare
Loading in …5
×

Rm 03

494
-1

Published on

Published in: Business, Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
494
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
20
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Rm 03

  1. 1. Risk ManagementUniversity of Economics, Kraków, 2012 Tomasz Aleksandrowicz
  2. 2. media monitoring: current risk events(27 Feb - 4 Mar)
  3. 3. Framework, Process andPrinciples of Risk Management based on ISO 31000:2009 Principles and Guidelines on Implementation
  4. 4. Risk management definitions• Risk owner – person or entity with the accountability and authority to manage a risk• Risk attitude – approach to assess and eventually pursue, retain, take or turn away from risk• Risk appetite – level of risk that an organization is prepared to accept• Risk management policy – statement of the overall intentions and direction of an organization related to risk management• Risk management plan – approach, the management components and resources to be applied to the management of risk
  5. 5. Framework of RM Relationship between various components of the risk management framework
  6. 6. Processof RM
  7. 7. Principles of risk management (I)• should create and protect value• integral part of organizational processes• part of decision making• addresses uncertainty by defining possible risks• systematic, structured and timely• based on the best available information
  8. 8. Principles of risk management (II)• tailored to organization’s stakeholders, context and risk profile• takes human and cultural factors into account• includes stakeholders impact on organization• dynamic, iterative and responsive to change• facilitates continual improvement and enhancement of the organization
  9. 9. Risk types Excercise Choose risks from list andassign to one of main risk categories:
  10. 10. Risk Management variants• Enterprise Risk Management (ERM)• Financial Risk Management (FRM)• Operational Risk Management (ORM)• IT Risk Management (e.g. Risk IT)• Social Risk Management (SRM)• Supply Chain Risk Management (SCRM)• Project Risk Management

×