The Art of Risk Management

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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