Aswin kumar risk management
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Risk management is a methodology that helps managers make best use of their available resources. It is widely used in both the public and private sectors across many industries and activities. Effective risk management has become an integral part of business planning and is a recognized skill with formal study courses and degrees available. The risk management process involves seven steps: establishing context, identifying risks, analyzing risks, evaluating risks, treating risks, monitoring and reviewing risks, and communicating about risks. Customs administrations have increasingly adopted risk management as an effective way to meet national objectives by helping to prioritize resources according to strategic, operational, and tactical risks and facilitate low-risk trade.
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The document discusses risk management, including what it is, who uses it, and how it is applied in customs. Specifically:
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- The key steps in risk management are establishing the context, identifying and analyzing risks, evaluating risks, treating risks, and ongoing communication, monitoring and review.
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The document discusses risk management, including what it is, who uses it, and how it is applied in customs. Specifically:
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- It is widely used in both public and private sectors, including finance, insurance, healthcare, governments, and more.
- The risk management process involves establishing context, identifying risks, analyzing risks, evaluating risks, treating risks, and ongoing communication and review.
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This document discusses risk management. It defines risk management as a systematic process to identify and evaluate potential losses and select appropriate risk treatment techniques. It outlines objectives of risk management including creating value, being integrated into organizational processes, and allowing for continual improvement. It also discusses macro-level risk analysis by governments and key principles of risk management established by ISO.
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1. The document discusses risk management standards and processes for construction project management. It outlines ISO 31000:2009 as the key risk management standard and describes the risk management process it establishes.
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From Enron and WorldCom to the more recent financial crisis, events of the last decade have fundamentally shifted how organizations think about risk. Companies around the world have made substantial investments in personnel, processes and technology to help mitigate and control business risk. Historically, these risk investments have focused primarily on financial controls and regulatory compliance. However, these investments have often not addressed more strategic business risk areas. As a result, senior executives may not perceive risk management as strategic to the enterprise. Senior executives also may not have sufficient confidence in their ability to identify and address the risks that could impact the financial performance − or even the viability — of their organization. A strategic question presents itself: “Do organizations with more mature risk management practices outperform their peers financially?” Our research and experience tend to suggest “yes!”
In this presentation, Isnaeni Achdiat will also discuss how leading organization with higher maturity in managing risks, gets better return. We will also present the new paradigm of dealing with risks, either it is good or bad risks. We will introduce the concept of "risk that matters" in an organization and discuss approach to mitigate. Furthermore, we will present the linkage between strategic and project risks and how a good risk culture can impact the success of organization managing their risks. By analyzing the relationship between the strategic and project risks, the project professionals can better understand the setting priorities the boards make, and thus can anticipate allocation of resources at the optimum level, for the benefit of the enterprise. Managing project risks, without understanding context and background of the initial strategic decision, will not allow the project professionals to understand why top management put on-hold the project, or keep it running at the right speed.Risk Management.docx
The document outlines a risk management policy and procedure for an organization. It defines risk management as identifying and managing risks in a systematic way to avoid negative impacts. It details a six step process for risk management: 1) analyze the organizational context, 2) identify risks, 3) evaluate risks, 4) manage risks, 5) develop a risk management plan, and 6) monitor and review risks. All employees and management are responsible for risk identification and mitigation, while specific roles in the process are assigned to program supervisors, managers, and the management committee.
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Ionic compounds are made up of positive metal ions and negative non-metal ions arranged in a crystal lattice. In ionic compounds like sodium chloride, the oppositely charged ions are held together by strong electrostatic forces of attraction. Potassium oxide and lithium oxide are examples where the metal ions (potassium and lithium) outnumber the oxygen ions in a ratio of about 1:2, as represented by their chemical formulas K2O and Li2O.
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The document discusses risk management, providing information on what it is, who uses it, and how it is used. Specifically:
- Risk management is a logical methodology used to identify, analyze, treat, and monitor risks in any activity or process.
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This document provides an overview of risk management, including what it is, who uses it, and how it is applied in customs. Risk management is a systematic process to identify, analyze, and address risks. It involves establishing the context, identifying and analyzing risks, evaluating them, treating risks, and ongoing communication, monitoring and review. Customs administrations use risk management principles strategically, operationally and tactically to facilitate trade while maintaining control over cross-border movement of goods and people. Key aspects of applying risk management in customs include risk profiling, targeting high-risk transactions for examination, and regularly reviewing and updating risk assessments.
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Enterprise wide risk management
Enterprise-wide risk management (EWRM) provides:
1) Comprehensive identification of risks across the entire organization.
2) A systematic analysis of all organizational risks.
3) Quantification of risks and identification of the organization's risk retention capacity.
4) The ability to combine similar risks for evaluation and promote better strategic decision making to optimize the overall risk profile.
Fundamentals of-risk-management
The document discusses the fundamentals of risk management. It describes the typical phases of a risk management process, including context definition, risk identification, risk assessment, risk treatment, planning, communication, checking and supervision, and process review. It notes that risk management aims to protect an organization's existing and future value and opportunities. The document provides examples of risks related to external context, operations, and finances. It emphasizes that risk management requires an integrated process and organization.
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This document discusses risk management. It defines risk management as a systematic process to identify and evaluate potential losses and select appropriate risk treatment techniques. It outlines objectives of risk management including creating value, being integrated into organizational processes, and allowing for continual improvement. It also discusses macro-level risk analysis by governments and key principles of risk management established by ISO.
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Risk management is very useful to people everyday since it helps manage possible risks that might be encounter.
Enterprise risk management
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This document discusses best practices for strategic risk management. It recommends taking a comprehensive approach to risk management that improves corporate governance and increases shareholder value. Key aspects of this approach include establishing a robust risk management infrastructure with strong oversight and commitment from senior leadership, clearly defined roles and responsibilities, and policies aligned across levels from the board to individual business units. The goal is to build an effective risk culture through both formal processes and incentives that treat risk management as a partnership between the risk and business teams.
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• Risk management for identifying corporate strategy and market opportunities
• Using risk assessment to establish corporate risk reserves
• Refining the estimate process at the bid stage by using risk analysis to eliminate the “compounding contingency” effect
• Analyzing and quantifying ongoing project risk exposure
• How to involve your client in the risk management processRisk Overview & Risk management
1. The document discusses risk management standards and processes for construction project management. It outlines ISO 31000:2009 as the key risk management standard and describes the risk management process it establishes.
2. The risk management process involves establishing the context, identifying risks, analyzing and evaluating risks, treating risks, monitoring risks, and communicating about risks.
3. The document also discusses different risk management strategies like risk avoidance, reduction, sharing, and retaining and provides examples of each.
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The document outlines a risk management policy and procedure for an organization. It defines risk management as identifying and managing risks in a systematic way to avoid negative impacts. It details a six step process for risk management: 1) analyze the organizational context, 2) identify risks, 3) evaluate risks, 4) manage risks, 5) develop a risk management plan, and 6) monitor and review risks. All employees and management are responsible for risk identification and mitigation, while specific roles in the process are assigned to program supervisors, managers, and the management committee.
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The document discusses risk management, including what it is, who uses it, and how it is applied in customs. Specifically:
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- Customs administrations use risk management strategies to facilitate trade while maintaining control over cross-border movement of goods and people. It helps customs prioritize resources according to risk level.
Bec doms ppt on risk management
The document discusses risk management and how it can be used in customs. It defines risk management as a systematic process to identify, analyze, and treat risks. It describes the typical 7 steps in the risk management process as establishing context, identifying risks, analyzing risks, evaluating risks, treating risks, communicating and consulting, and monitoring and reviewing. It explains how customs administrations can use risk management strategies and processes like risk profiling to facilitate low-risk trade while maintaining control over trade risks.
Risk
The document discusses risk management and how it can be used in customs. It defines risk management as a systematic process to identify, analyze, and treat risks. It describes the typical 7 steps in the risk management process as establishing context, identifying risks, analyzing risks, evaluating risks, treating risks, communicating and consulting, and monitoring and reviewing. It explains how customs administrations can use risk management strategies and processes like risk profiling to facilitate low-risk trade while maintaining control over goods movement.
Customs Risk Management PPT.Presentation
Risk management is a logical and systematic method to identify, analyze, treat and monitor risks involved in any customs activity or process. It helps managers make best use of limited resources by focusing on higher risk areas. The main components of risk are probability, consequence, and perception. The risk management process involves identifying, analyzing, evaluating and prioritizing risks, then treating risks through measures like risk profiling and targeting systems to develop selection criteria for inspecting shipments. Regular monitoring and review helps ensure risk profiles and criteria remain effective.
ToTCOOP+i O3 o4 unit-9_final_version_en
This document provides an overview of a training programme on strategic risk management. It includes an agenda that covers topics such as risk management principles, frameworks, governance, and specific business risks. The aims and objectives of the training are also outlined. Key aspects that will be taught include risk identification and assessment, risk analysis, risk culture, and implementing an effective risk management process. Various risk management models and frameworks are also highlighted such as the COSO enterprise risk management framework. The document provides information on the content to be delivered in the risk management training programme.
#Contract Risk Audit# By SN panigrahi
#Contract Risk Audit# By SN panigrahi,
Enterprise Risk Management (ERM),
Risk Audit,
Contract Risk Audit process.
Types of Audit,
Risks Need to be Analyzed
on Four Aspects : SQSC,
CONTRACT ADMINISTRATION
Operations
The correct answer is D. All of the above impact the structure of a Risk Management program.
Risk Management - A Journey
1) The document discusses enterprise risk management concepts and frameworks. It outlines key risks faced in healthcare such as regulatory risks, operational risks, and reputational risks.
2) An effective risk management program can help organizations avoid surprises, improve governance, and ensure objectives are met without disruptions. The document provides examples of risk organization structures and processes for identification, assessment, and response.
3) Moving forward, the organization will validate risk registers, identify top 15 risks for rigorous management, and review mitigation progress of these risks in monthly leadership meetings. A risk polarization survey will also be conducted regularly.
Risk Management: The New Corporate Divination
The document discusses integrating risk management and strategic planning processes to improve organizational effectiveness. It recommends identifying risks, evaluating them, prioritizing them, and deciding risk treatment actions during strategic planning. Integrating these processes ensures risks are considered and treated in annual plans and budgets. Monitoring performance against plans allows organizations to continuously evaluate risks and make adjustments to mitigate threats and seize opportunities.
Risk Management Fundamentals
The document provides an overview of risk management fundamentals and processes. It defines risk, outlines the benefits of a risk management framework, and describes the key components of establishing and implementing an effective risk management system, including:
- Establishing the organizational context and risk criteria
- Identifying, analyzing, and evaluating risks
- Developing and implementing risk treatment plans
- Monitoring and reviewing the risk management process on an ongoing basis
Financial Management Of Head Starts.1.Qa
This document discusses developing a risk management plan for Head Start programs. It defines risk management as measuring and assessing risk to then develop strategies to manage those risks. It identifies sources of operational and financial risk for Head Start programs. The risk management plan process includes establishing context, identifying risks, assessing risks, determining treatments, creating the plan, implementing it, monitoring results, and reviewing/evaluating. An effective risk management plan prioritizes risks and proposes controls to mitigate risks in order to help Head Start programs satisfy performance standards.
Enterprise risk management
This document discusses enterprise risk management and contains activities and content related to risk management. It defines key risk management terms and concepts, outlines the risk management process, and discusses the benefits and relevance of risk management. It also addresses regulatory frameworks, legislative requirements, and key risks associated with ineffective risk management.
Enterprise Risk Management
PYA Principal Shannon Sumner co-presented “Enterprise Risk Management” at the HCCA Board Audit Committee Compliance Conference, February 27-28, 2017, in Scottsdale, Arizona.
The presentation covered:
The role of the governing Board of an organization in enterprise risk management (ERM)
Effective ERM in today’s healthcare setting
When ERM fails: “The perfect storm”
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This webinar was presented by M. Youssef K, an executive consultant & trainer with several qualifications. He is an accomplished expert with over 10 years’ experience in the field of risk management, project and program management, PRINCE 2, Agile, EVM, business process analysis and design, as well as operational and organizational excellence.
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Project Risk Management
This document discusses risk management for projects and programmes. It defines key risk management terms like known knowns, known unknowns, and unknown unknowns. It explains that risk management involves identifying, assessing, planning for, and implementing responses to significant uncertainties that could impact a project's objectives. The goal is to keep the level of risk exposure within the agreed risk appetite in a cost-effective manner through an iterative process.
ERM LCPL overview
Leighton Contractors is an Australian construction company employing over 8,000 people with $8.8 billion in projects. It uses an enterprise risk management system called Active Risk Manager (ARM) across all projects, operations, bids, and business units to identify, assess, and manage risks and opportunities. ARM allows for quantitative risk analysis and knowledge sharing across the organization.
RISK MANAGEMENT Essays
This risk management essay discusses key risks that construction project managers must consider. It notes that risk is present at all stages of a project's life cycle and must be jointly managed. Poor risk mitigation can negatively impact a project's performance, so proper risk management processes are essential. Specific risks addressed include cost overruns, delays, quality issues, regulatory changes, interest rate fluctuations, and exchange rate volatility for international projects. The essay emphasizes the importance of identifying and mitigating risks to help ensure construction projects are successful.
Risk Leadership Perspectives Breakfast Risk Manager of the Year Karl Davey
- Leighton Contractors is one of Australia and New Zealand's largest contractors, operating across construction, resources, telecommunications and other industries. It has more than trebled in size in recent years to over $12.5 billion in work.
- The company aims to implement an enterprise-wide approach to formalized risk and opportunity management to improve performance, develop a risk-aware culture, and provide additional value to clients.
- It has rolled out a common risk management process and software system across its projects and operations to facilitate identification, assessment, and proactive management of risks and opportunities.
Mastering Risk Management: Strategies for Safeguarding Business Success
Key Components of Risk Management: 1. Risk Identification 2. Risk Assessment 3. Risk Mitigation Strategies 4. Risk Monitoring and Review 5. Risk Communication and Reporting
Understanding Your Risk Management Strategy
The document discusses the components and process of developing an effective risk management strategy. It outlines four main techniques: risk retention, risk transfer, risk avoidance/prevention, and loss prevention. It also describes the process of identifying risks through interviews, developing a strategy using these techniques consistent with corporate objectives, coordinating implementation, and reviewing results over the long term. The overall goal is to uncover an organization's philosophy regarding risk management.
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Aswin kumar risk management
- 2. How is Risk Management used? Who uses Risk Management Risk Management in Customs How do you use it in Customs? What is Risk Management?
- 3. What is Risk Management ? Risk Management is a methodology that helps managers make best use of their available resources
- 5. Insurance
- 6. Health Care
- 9. Risk Management process There are 7 steps in the RM process 6 Establish the context 1 1 Identify the risks 2 2 5 Analyse the risks 3 Evaluate the risks 4 3 4 Treat the risks 5 Monitoring & review 6 7 7 Communication & consultation
- 10. Risk Management in Customs Customs administrations have turned increasingly to Risk Management as an effective means of meeting national objectives Risk management helps in matching Customs priorities to resources e.g., WTO/Kyoto Convention. APEC Sub-Committee on Customs Procedures Transport Industry representative bodies
- 11. Risk Management in Customs Long term strategies Strategic Risks to Customs goals and objectives, e.g.,prohibitions and restrictions, (social or economic), health, revenue, environment Medium term strategies Operational Short term strategies Tactical Decisionsand action planson measures taken to deal with the assessed risks.Deployment of resources; monitoring and review Used byofficers at their workplace, to deal with immediatesituations, working within set parameters and to approved procedures
- 12. Why you should use Risk Management Risk Management in Customs Economic benefits, by facilitating the movement of goods, ships, aircraft and people – when rated low risk Makes more effective use of existing skills and experience – giving better results Improves the quality of Customs controls – information and accountability The process helps Administrations focus on priorities and in decisions on deploying limited resources to deal with the highest risks