Risk Management
Enterprise risk management is a process, carried out by the board of directors, management and other personnel of an organization applied within a strategic framework and across the enterprise,designed to identify potential events that may affect the organization to manage risks that are within acceptable limits in order to provide reasonable assurance regarding the achievement of the enterprise’s objectives.
The steps for risk management are as follows:
- 1.- Risk identification
- 2.- Risk analysis and evaluation
- 3.- Risk control
- 4.- Risk financing.
Management also helps you address day-to-day requirements for risk monitoring,the phases are risk management implementation and monitoring, risk manager identification, building the risk management team, information technology for management, building the cost of risk, new trends, as well as follow-up during organizational change.
