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Risk management is the identification, assessment, and prioritization of Risks of uncertainty on goals/objectives followed by coordinated and cost-effective application of resources to lessen, and manage the risks, and likelihood and/or impact of failures (just in case) or to optimize the percentages for success.
In other words, in this book you will learn to Completely Eradicate, Avert, Defer Risks so that we can minimize the downside effects and maximize our percentages for success.
Risk Management principles apply anywhere in life, not just business and related applications. This is all about playing the stats!
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TABLE OF CONTENTS
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Definition Of Risk Management
Do Not Be Afraid Of Risks, Manage Them!
What Is Fear
Handling Fear
Recognizing The Threats
Risk Avoidance
Threat Prevention
Risk Maintenance
Risk Transfer
Work Environment Safety
Management Commitment
Accountability
Safety Training
Hazard Control
Investigation Of Accidents And Incidents
Participation
The Decision Makers Must:
Basic Steps Involved In Risk Management Practices
Natural Disasters
Joint Ventures
Having Contingency Plans
Making A Risk Management Plan
Crisis Management Plans In Place
Vulnerability Risk Management
Enterprise Risk Management
Business Outcome Risk Management
Project Risk Management
Is Your Money Safe With The Banks?
Insurance Tools To Mitigate Risks
Significance Of Insurance
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