Enterprise Risk Analysis The Risk Management Process The
- Slides: 11
Enterprise Risk Analysis
The Risk Management Process
The Risk Management Process
The Risk Management Process Communication & Consultation Communication and consultation with internal and external stakeholders should take place at each stage of the risk management process as they make judgments based on their perception of risk.
The Risk Management Process Internal Context • Resource inventory • Risk tolerance • Identify the enterprise
The Risk Management Process External Context External context is the external environment in which the farm or ranch seeks to achieve its objectives. • Legal & regulatory requirements • Stakeholder perceptions • Market conditions • Other aspects of external risk
The Risk Management Process Objective(s) Involved • Risk criteria (goals) • What does success look like?
The Risk Management Process Risk Identification • ID sources: production, market, institutional, financial, human risk • Describe level of control
The Risk Management Process Risk Analysis • Identify threats • Describe consequences (positive/negative) • Evaluate likelihood of occurrence • Consider existing strategies
The Risk Management Process Risk Evaluation • Identify risks that warrant treatment • Repeated decisions • Large consequences • Consider threat/opportunities in light of risk criteria, risk tolerance • Select a strategy
The Risk Management Process Monitoring & Review Monitoring and review should be a planned part of the risk management process: • Evaluate changes in internal/external context • Evaluate changes in risk exposure • Evaluate effectiveness of treatment options (measure success)
- Literature review on enterprise risk management
- What is basel 3
- Enterprise architecture risk management
- Enterprise risk management for financial institutions
- Internal audit data analytics maturity model
- Omb enterprise risk management
- Enterprise risk management pharmaceutical industry
- Bindesh rach
- Enterprise risk management association
- Enterprise risk management integrated framework
- Credit risk market risk operational risk
- Putting the enterprise into the enterprise system