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Erstellt von Pamela Stanton
vor mehr als 8 Jahre
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Two Dimensions of Risk Management Process:
Five Steps in Decision Making Process:
Four Administrative Areas in the Risk Management Process:
Five Advantages of a Risk Management Approach:
STEP ONE- IDENTIFY & ANALYZE LOSS EXPOSURES:
Purpose of Identification:
Purpose of Analysis:
Three Classifications of Loss Exposure:
Four Broad Categories of the Type of Value Exposed to Loss:
Two Types of Property Values:
Types of Tangible Property:
Types of Intangible Property:
Two Factors Affecting the Net Income Value of an Organization:
1. Decrease in Revenue:
1. Business Interruption:
2. Contingent Business Interruption:
3. Loss of Profits on Finished Goods:
4. Reduced Rental Income:
5. Decreased Collections of Accounts Recievables:
2. Increase in Expenses:
1. Increased Operating Expenses:
2. Increased Rental Expenses:
3. Expediting Costs:
Two Categories of Liability Loss Exposure:
Two Factors Affecting Measurement of Personnel Loss:
Three Origins of Perils Causing Loss:
Four Factors to Quantify the Financial Consequence of a Loss:
Loss Frequency:
Loss Severity:
Inverse Relationship Between Loss Severity and Loss Frequency:
Six Methods to Provide a Proper Basis of Exposure Identification and Analysis:
1. Standardized Surveys/ Questionnaires:
2. Financial Statements and Underlying Records:
Other Records and Documents:
4. Flowcharts
Personal Inspections:
6. Consultation with Experts Within and Outside the Business:
STEP TWO- EXAMINE ALTERNATIVE RISK MANAGEMENT TECHNIQUES:
Five Risk Control Techniques:
1. Exposure Avoidance:
2. Loss Prevention:
3. Loss Reduction:
Segregation of Exposure Units:
5. Contractual Transfer:
Pre-Loss Measures:
Post-Loss Measure:
1. Separation:
2. Duplication:
Forced Retention:
Optional Retention:
Contractual Transfer Can be Achieved By:
STEP THREE- SELECT RISK MANAGEMENT TECHNIQUE:
Two Steps Before Reaching a Decision of Risk Control and Financing Techniques:
1.Forecasting:
2. Selection Criteria:
STEP FOUR- IMPLEMENT TECHNIQUE:
Proper Implementation Involves Making the Following Decisions:
STEP FIVE- MONITOR RESULTS:
Once Implement the Risk Management Program Needs To Be:
Setting Standards to Measure Performance: