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Steps in the Risk Management Process

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Identify and explain the steps in the risk management process. (Start with a determination of objectives.) Think of yourself as a risk manager and tell the class which step would be most important, and why.

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Identify and explain the steps in the risk management process. (Start with a determination of objectives.) Think of yourself as a risk manager and tell the class which step would be most important, and why.

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The first step is the identification of objectives of the whole risk management exercise, ie, the main purpose of the whole exercise. The next step in risk management is the identification of risks. In this step, it is extremely important to involve all the organizational employees as well ...

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Sandeep Bardia, MBA
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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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