Risk Management
As an organization, companies generally have the goal in implementing risk management. Some of the Goals which want to achieve are: reduce spending, prevent the company from failure, increase company profits, reduce production costs and so forth.
What is’ risk management ‘? Management risk is the risk management process that includes identification, evaluation and control of risks that can threaten the continuity of business enterprise or activity.
What are the stages in risk management?
Stages are passed by the company in implementing the risk management is first to identify risks that may be experienced by the company, after identifying then the evaluation is done on each of the risk review of severity (risk value) and frequency. Last stage is controlling the risk.
In the control of risk can be divided into 2 control the physical (risk eliminated, the risk diminimalisir) and financial control (the risk of arrest, the risk is transferred).
Eliminate the risk means eliminating all potential losses, for example in a car ride in the wet season, limited the maximum vehicle speed 60 km / hr.
Minimize the risk undertaken with the efforts to minimize losses in production, for example, the opportunity of a product failure can be reduced by quality control (quality control). Holding their own risk, the bear or any part of the overall risk, for example, how to establish the reserve in the company for the loss that will occur.
While the diversion / transfer of risk can be done with the losses / risks that may happen to other parties, such as insurance companies.