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RiskManagementisbasedonthebestavailableinformationFullerutilisationleadstobetterproductivityandincreasedprofitsExplain,howcanyoumanageyour family'srisks?Next-genriskintelligent.RiskmanagementisnotjustsomethingforResultWhilethecommondefinitionofERMstillholds anenterprisewide strategyforidentifyingandpreparingforthemostimpactfulrisksanorganizationfaces theResultThemanagementofrisksneedstobeundertakenbytheteam responsibleforachievingaparticularobjective(orobjectives)Authors:LSResult(b)DefinitionsofRiskManagementTheUniversityusesthefollowing definitionsofriskandriskmanagement:RiskisthethreatoropportunitythatanactionorISOdefinesriskastheeffectofuncertaintyonobjectivesImportantly, thestandardrecognisesthatriskhasbothanupsideandadownsideIntegratedRISKMANAGEMENTSTRATEGYWhydoyouhavetoreviewtherisk managementprogramcontinuously?ManyoftheseconceptsReducinguncertaintyaroundtheachievementofWHO’sobjectivesandoutcomesUsespredictive analyticsanddata-driventechnologiestoautomateprocesses,generateinsight,andenablerisk-intelligentision-making.Itsetsplansforfunctioningofbusinessand ensuresthatallactivitiesaregoingontheirplannedtrackAbstract.RiskManagementistransparentandinclusive.ThisstrategyprovidesablueprintforWHO’s visionandambitionrelatedtoEnterpriseRiskManagement(ERM)withintheWorldHealthOrganization(WHO)Theobjectiveofprojectriskmanagementisto understandprojectandprogrammelevelrisks,minimisethelikelihoodofnegativeeventsandmaximisethelikelihoodofpositiveeventsonprojectsandprogramme outcomesRiskmanagementaimsatefficientutilisationofallresourcesIdentifyResultobjectiveforriskmanagementWhatdoyoumeanevaluationoftheloss exposureunit?RiskmanagementtechniquessupportstrategicplanningforbetterresultsTimeandmaturityThiscanincludetheorganization’spurpose,vision,and valuesaswellasthegoalsandtargetsPrinciplesofRiskManagementRiskManagementissystematic,structuredandtimelyDevelopingAbstractEnvironmental Science&Policy.IntroductionDefined.Thischapterexplainstheobjectiveofriskmanagementanddescribestheframeworkinwhichfinancingisionsincluding insurancearetakenandevaluatedHencebeforerisksareResultTheobjectiveofprojectriskmanagementistounderstandprojectandprogrammelevelrisks, minimisethelikelihoodofnegativeeventsandmaximisethelikelihoodResult1, Approachestodevelopingriskmanagementobjectives:Ananalysisof internationalstrategiesRiskManagementfacilitatescontinualimprovementoftheorganizationWhataretheobjectivesofriskmanagement?RiskManagementis basedonthebestavailableinformationRiskisbuiltintoision-makingSelectivelyseizeopportunitiesbecauseofabilitytoexploitrisksResultPrinciplesofRisk ManagementRiskManagementissystematic,structuredandtimelyLeadingpracticeRiskResultStepEstablishthecontext:Definethescopeofenquiry/objectives: iewhatactivity,ision,project,program,issuerequiresanalysisDescribethestepsinriskmanagementprocess,byapplicationtoyourUniversity'srisks?