D. van der Waal & V. Versluis
Erasmus+
Sinopse: This text describes the main principles of every step of the risk management process, along with problems and opportunities that arise from this process. The focus will be on Enterprise Risk Management. By following the various steps of the risk management process, an organisation can create awareness of the risks it faces and will be better able to make responsible decisions to control risks.
Nowadays, many organisations are being held accountable for their risk management (processes). This accountability can be applied on a national (for example Code Tabaksblat in The Netherlands) or international level (for example COSO II and Basel II). These companies have to prove that they are in control.
In addition to all kinds of regulations, the turbulence in the financial markets has shown the importance of sound risk management. Structured measures used to control risks will reduce uncertainty and will eventually result in better company performance.
Chapter 1 of this reader will show a short history of risk management. A start on the theory will be made in chapter 2, which focuses on a number of key terms used in the risk management profession. Chapter 3 will link these terms to the risk management process. The various specific parts of this process will be extensively covered in chapter 4 to 9. In chapter 10 three practical examples of successful risk management will be discussed, which will show some specific benefits of risk management.
