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Risk Management : Assignment Sample

   

Added on  2021-06-16

12 Pages2593 Words23 Views
FinanceCalculus and Analysis
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Running head: RISK MANAGEMENTRisk managementName of the studentName of the universityAuthor Note:
Risk Management : Assignment Sample_1

2RISK MANAGEMENT Table of ContentsIntroduction......................................................................................................................................3Figure 1: Risk Management Process...............................................................................................4Risk Management Model.................................................................................................................4Reason for selecting the particular Risk Management Model.........................................................6Integration of the Risk Management Model into the organization..................................................6Sources and Types of Risk..............................................................................................................7Impact of Global Trends on the Risks.............................................................................................8Ways to avoid the Risks..................................................................................................................9References......................................................................................................................................11
Risk Management : Assignment Sample_2

3RISK MANAGEMENT IntroductionThe following report deals with the risk management process of a particular organization.The report is based on the risk management program of Bank X which has plans to establish andstart its operations in Australia. The report introduces the readers with a variety of different risksthat are involved in the operation of such a large project (Waemustafa and Sukri 2016). Thereport has used a five scale risk management framework that starts with the identification of thekey risks at disposal and ends with the ways to mitigate the risks accordingly. Identification of the key risks- The following part of the report discusses the key systemrisks that are The individual risks have been identified and segmented into specific riskcategories that helps to deal with the risks in a proper and systematic way (Gale andYorulmazer 2016). The more the project progresses, the more is the chance of theformation of complex risks. The main purpose of the identification of the key risks is toassess them and make necessary mitigation plans to counter them. Risk Mitigation and allocation strategies- The following part of the report discusses theinitial strategies that are taken for the mitigation of the risks. Each of the single risks areunique and harmful in nature and thus they have to be mitigated accordingly as early aspossible (De Anglo and Stulz 2015). The strategies include the likes of the procurementcontracting, delivery strategies and that of associated risk transfer. Risk Management and Processes- The risk management plans and processes part dealswith the risks involved throughout the HSR system’s life cycle.
Risk Management : Assignment Sample_3

4RISK MANAGEMENT The risk management process of the authority involves the likes of five of the key steps thatare needed to be implemented to reduce the chances of the risks that occur in the lifecycle of theproject. These are shown in the diagram provided below;Figure 1: Risk Management ProcessSource: (Gale and Yorulmazer 2016)Risk Management ModelIt is important for every business organization to identify and implement a solid riskmanagement model to make sure the business can avoid risks and progress smoothly with itsoperations in the market. The banks are no odd ones out as the management of each and everybank has to create a specific risk management model to ensure that they do not slip in the market.Bank X which has been planning to enter the market of Australia must also plan a similar riskmanagement model to get rid of the different forms of risk and establish their supremacy in themarket. The management of Bank X will be following a 5 step risk management model to make
Risk Management : Assignment Sample_4

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