RISK

Submitted to: Miss charu Submitted By: Abhishek shrivastava Chandrabhan Thakur Aanand verma

Concept of Risk
Risk is chance of loss or injury.

by : BOON & KURTZ It is a situation the outcome of which is uncertain , the result may be negative or positive.

Classification of RISK
1. 2. 3. 4. 5. 6. Property, liability and Personal Risk. Physical, social and Economic Risk. Static and dynamic Risk. Fundamental and Particular Risk. Speculative and Pure Risk. Uninsurable and Insurable Risk.

Methods of Handling Risk

1. 2. 3. 4. 5. 6. 7. Avoidance of Risk Method. Risk deduction Method. Risk Retention Method. Risk Transfer Method. Combination Method. Hedging Method. Research Method.

Risk Management

Risk Management is the process of defining all the risks that an organization faces Building a framework to not only monitor and mitigate those risks but to use risk management to increase shareholder value The point of risk management is not to eliminate it; that would eliminate reward The point is to manage it

Importance of Risk management

For Developing appropriate Business policies and Strategies. For Effective management of Resource. For Evaluating and appraising Events. For Avoiding Costs. For Developing plans & Procedures.

Process of Risk management

Thank you !!!