Risk Management Essay Examples and Topics

Introduction Risk management refers to the process of identifying, assessing, and prioritizing risks, as well as consequent application of measures to monitor, minimize, and control their effects (Frame 53). Risks emanate from several occurrences such as financial uncertainties, project failures, legal liabilities, credit difficulties, accidents, and other unpredictable events. Risk management standards apply avoidance of […]

Risk management is currently a core integral process that helps to identify risks and come up with plans to mitigate their effects on projects. In production management, risks affect the quality or performance of a developed product. In the construction industry, risks can disrupt schedules of projects, as well as resources used in the project. […]

Introduction Projects face risks that have detrimental impacts (Chapman & Ward 2003, 31). These include risks associated with financial, technical, commercial, execution and legal aspects. It is vital to define each of these risks, identify their scope and propose effective mitigation measures. This paper discusses the potential risks associated with the establishment and operation of […]

This paper is a discussion on the topic of risk management in the events industry. The paper is based on the question as to what extend is risk management essential in the events industry. The paper explores the topic in detail and especially pays special attention to the essence of risk management, through the presentation […]

Introduction The successful implementation of a project is widely dependent on the risk management. A poorly planned project may result in loss of resources and can even lead to quitting of some of the members. Project managers need to do risk planning in order to identify potential problems that might hinder the success of your […]

Risk management involves strategies adopted to counter any unexpected events. The events exposed to businesses vary, ranging from those that have significant severity to those that lead to a windfall. As a result, appropriate design of risk management strategies is vital for survival of the business. Company X, a multinational, faces several risks that are […]

Introduction This report aims at identifying business risks which All Work No Play Pty Limited is likely to face, and the appropriate risk management practices the company can use to address the identified risks. Risk management planning is essential in determining how to approach and resolve risks anticipated in business operations (Adams 2007). On the […]

Introduction In a perfect business environment, any goals that are set for an investment are achieved as per book. However, in real life, the actual returns often fall short of anticipations due to unforeseen uncertainties. In business, these uncertainties are known as risks and have the potential to affect the performance of any enterprise. Furthermore, […]

There are various risk management standards that can be applied at the local or international levels. Overall, various norms exist because countries may differ in terms of legislative practices, corporate responsibility rules, auditing processes, and reporting standards. Thus, there are different risk management principles that can be adopted at the national level. Additionally, one should […]

Executive Summary Value and risk management is a critical component in managing construction projects in the construction industry. It is a process which when integrated into the procurement phases improves and increases project value, enables project managers identify and reduce unnecessary expenditure, optimising resources, enables mangers and stakeholders generate creative ideas, and provides a framework […]

Introduction Any business or company may develop or plunge depending on certain circumstances. Despite the fact that the primary objective of any business is to prosper, companies or business organizations must be aware of the risk factors associated with their prosperity. Normally, there is extensive public attention to companies that are rapidly growing, thus risk […]

Introduction Oil and gas companies face a variety of risks in the process of their operations. Many occurrences that happen outside a company may have an effect on the firm and the financial decisions that it makes. Changes in interest rates, prices of oil, and exchange rates among others are likely to alter the financial […]

Introduction Risk is imminent in any industry that a business organization may be operating. As a result, it is incumbent upon the management to put in place measures that will ensure adequate prevention of any possible risk. Risk management process has been defined as a process through which an organization plans and executes organizational activities […]

Risk management is defined as the process used to identify, assess and prioritize risks. Risks are normally handled or given attention according to the priority they are given. There are several steps involved in each of the processes of risk management. In the identification of the risks, one has to consider their causes, the disruptions […]

Introduction Risk management is one of the tasks that need unparalleled attention in the construction industry. Risk management may refer to the process of identifying, assessing, and mitigating the hazards or the uncertainties that alter the objectives or focus of a firm (Taylor 2003). The process of risk management is critical in the construction industry […]

Abstract The ability to effectively prepare, prevent and manage key risks forms one of the most important concepts in project management. Understanding risks facilitates the ability of a management team to determine which risks are related and have greater implications to the whole project’s objectivity. To effectively identify a project’s risks, it would be important […]

Introduction Deployment of a deep water oil rig in any ocean around the world has many high risks, regardless of it being close to inhabited lands or not. Environmental and safety risks are high, just as we observed with Deepwater Horizon oil spill. If we have learned anything from this catastrophic event is to ensure […]

Introduction Over the last two decades, financial systems have faced many challenges in terms of business risks and unforeseen market changes that lead to losses. These circumstances led to better insight and research into the risks that face financial institutions. Focus was put on three main areas of risk: Risk analysis, risk assessment and business […]

Introduction Most of business objectives are future oriented and their realization are usually uncertain in the short run. There are many uncertain events that may take place in the course of running, which may make it impossible for businesses to realize their objectives. Such uncertain events are termed as risks and are likely to happen […]

Introduction Risk management is an issue that is seen to cause a lot of concern all over the world. It governs all dimensions of life and this is partly the reason why everybody seems to be interested in it. In business however, it requires more than mere mentioning. It is an issue that needs to […]

Introduction Risk management is a very crucial aspect in all fields of life. It is even more important when it comes to the business world that is faced by a variety of risks (both financial and non financial), which could lead to losses and to the extreme; it may lead to close down of business […]

Introduction Internal and external environments of an organization pose a wide range of risks to an organization and managers should establish strategies to manage risks for the long-term survival. Risk management strategies are enhanced by the culture of the organization and this can be maintained by inculcating a culture of good values, believes, norms and […]

Our environment gets affected by various problems like climate change, biodiversity loss and natural resource use. All these have long-term consequences and long-term policy solutions are required to keep the environment safe. It is advisable to anticipate the circumstances lying ahead and get the picture of current, upcoming and underlying developments. This will be helpful […]

Introduction Risk management can be described as the proactive management against the possibility of loss. The concept involves the identification of key risk areas and the formulation of possible strategies that can be used to lower the probability of occurrence of the risk, or reduce the potential losses (Crockford 1986, 12; Dorfman 2007, 10). Sometimes […]

Introduction Risk management is an integral part of any organisation. The efficiency of risk management determines organisational success. The construction industry is where risk management is applied widely as a principle. According to Chapman and Ward (2003), risk management can be viewed as the process of risk identification, assessment, and prioritisation. During a risk identification […]

Introduction Throughout Life, be it of a person or event of an entity is usually characterized by uncertainties regarding the future. Indeed, there may be future events happening, and according to many research findings, these future events maybe success factors or they may lead to succumbing. The future events that have the ability of making […]

Introduction Risk management refers to the concept of identifying, assessing, evaluating, prioritizing, of possible risks that a firm or an individual faces in a bid to minimize, control, or monitor impact of identified risks through applications of resources. One of the ways of controlling or minimizing impact of risks is the risk transfer (Dorfman, 2007). […]

All organizations aim at making profits in the long run. In this regard, efforts are always directed towards the activities that can not only increase income to the organization, but also activities that reduce expenses. However, in doing this the organization comes across various risks that might be detrimental if they are not properly addressed. […]

A good number of business analysts would agree that the human resources department of Apple Inc has been risking the future of the company. The company has incessantly violated the fundamental responsibilities of human rights in a workplace. According to Stevens et al. (2012, p.5-6), the primary responsibilities of human resources department in any organization […]

An Evaluation of Current and Potential Future Application of Value and Risk Management into Construction Project Management Professional Services in the Construction Sector in the UAE Abstract: The UAE had an unprecedented boom in its construction sector between 2004 and 2008. This ended during the international financial crisis of 2008. As a result, the UAE […]

Introduction The concept of risk management is crucial in any project management. Risk management entails measures that are taken to ensure timely completion of a project without many complications. Fertis, Baes and Lüthi (2012, p.663) define risk as a potential hazard that may emerge and cause difficulties and hence make it impossible to accomplish set […]

Introduction Risk assessment is a procedure that we always carry out on daily either unknowingly or knowingly. The main purpose of this paper is examine how risk assessment is done at home or in working setting especially when we handle hazardous materials. It is recommended that the storage and handling of inflammable and hazardous materials […]

Introduction Corporate governance involves promoting corporate accountability, fairness and transparency. OECD (1999) defined corporate governance as “the system in which the business corporate is controlled; corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation, including board managers, share holders and other stake holders” (OECD, 2005, p. 1). Corporate […]

Risk Identification Risk identification can be defined as the process of establishing either anticipated or existing risks along with their characteristics and outcome possibilities. The main objective of risk identification is to come up with a list of all possible risks in an area. In a scenario where a mother took her 4.5 month old […]

Introduction There is a lot of progress made in the practice of risk management in housing within the construction industry sector in America. The sector is prone to different types of risks because of a rapidly changing environment. There are few transferable practices since each project presents different operational conditions and different environmental constraints even […]

Business can be typically grouped based on the entity type. Some examples of business entities include a sole proprietorship owned and operated by an individual; partnerships, owned and run by group of partners and corporations owned by share holders and run by directors. However for the purpose of this report the discussion will focus mainly […]

Introduction Information is an important resource because it facilitates informed decision-making. It is advisable for decision makers to seek for the necessary information prior to making any decision. The reason for this is to gather facts, analyze various dimensions of a situation, and make a sound decision. This work is a presentation of a case […]

Abstract Safety and risks have continuously caused a lot of interest in workplace environment. The reason is that workplace hazards have resulted in increased injuries and deaths. As such, risk and safety management is critical in ensuring safe working environment. Moreover, managing risk and safety in the workplace often begin by organisations’ commitment to healthy […]

German Market Risk Assessment Risk management elements are risk assessment and risk mitigation. Risk assessment allows the business management team to evaluate the likely risks as well as the sources of those risks before venturing into a new market. Thus, this reflective treatise attempts to explicitly review the risks that Mogan Industrial Company will face […]

Safety of warehouses in the United States is regulated by the Occupational Safety and Health Administration (OSHA), as provided for under the Occupational Safety and Health Act which was legislated by the Congress and signed into law in the year 1970. Safety of the warehouse should, however, not be viewed as just meeting the minimum […]