Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
3 Cards in this Set
- Front
- Back
|
"Introduction to Implementing and Monitoring the Risk Management Process - Section 1
1. Define risk and describe the six general classes of risk. (p. 2)" |
"“Uncertainty that may be either positive ornegative arising out of a given set ofcircumstances.”
Types of Risk: Pure Speculative Economic Legal Political Social Physical Juridical" |
|
|
"Introduction to Implementing and Monitoring the Risk Management Process - Section 1
2. Define risk management and discuss the five steps of the risk management process. (p. 5)" |
"“The process of protecting an organization’s assetsthrough exposure identification, exposure analysis,controlling exposures, financing losses with externaland internal funds, and the implementation andmonitoring of the risk management process.”
Steps: exposure identification, exposure analysis, controlling exposures, financing losses with external and internal funds, and implementation and monitoring of the risk management process " |
|
|
"Introduction to Implementing and Monitoring the Risk Management Process - Section 1
3. Discuss how risk administration supports the risk management program. (p. 13)" |
"This is a high-level view...
Identifies skills of a risk manager Assebles a risk managemetn team Technology is used as an enabler Implements a risk managent strategy " |
