Risk Management is really important for finance institute or Bank - TopicsExpress

Risk Management is really important for finance institute or Bank factors, also for Telecom and ISP in order to find the risk and migrate the risk, surely we cannot eliminate the risk, but we can make risk become acceptable risk or low risk. Risk Management is defined as "the systematic application of management policies, procedures and practices to the tasks of establishing the context, identifying, analysing, assessing, treating, monitoring and communicating". Risk Management Process: 1.Identify the Risks 2.Identify the Causes 3.Identify the Controls 4.Establish your Likelihood and Consequence Descriptors 5.Establish your Risk Rating Descriptors 6.Add other Controls 7.Make a Decision 8.Monitor and Review

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