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Principles and Aims of risk management
Description
A-Levels 1. Introduction to Risk Management Mind Map on Principles and Aims of risk management, created by helen_woolford on 06/05/2013.
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1. introduction to risk management
1. introduction to risk management
a-levels
Mind Map by
helen_woolford
, updated more than 1 year ago
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Created by
helen_woolford
over 11 years ago
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Resource summary
Principles and Aims of risk management
Principles of RM
RM activity
ISO 31000
PACED
What Rm should look like
CADE3
What Rm should delvier
Output from RM
Operations, processes and strategy
linked to initiative and framework
Importance of RM
better decision-making
Improved efficiency
assurance to stakeholders
risk identified and managed
accurate of reporting (SOX)
RM Activites
RM process ISO Guide 73 & BS31100
identifying, analysing, evaluating, treating, monitoring, and reviewing risks
policies, procedures, practices
communicating, consulting, establishing the context
RM standard= RM process and framework
Efficient, effective & efficacious
Efficient operations
Effective processes
Efficacious strategy
corporate failures
Implementing Risk Management
Hazard management
Control Management
Opportunity Management
delivery of better value for money
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