• mitigate
  • Thomson Reuters Risk Management Solutions - for the trusted answers that help you anticipate, mitigate and act on risk with confidence. (thomsonreuters.com)
  • To help mitigate any risks, we provide a full, end-to-end Know Your Customer management solution, from initial screening and due diligence to on-boarding and training. (thomsonreuters.com)
  • While these risks cannot be eradicated, utilities can seek to understand, manage and mitigate them. (sas.com)
  • In practice the process of assessing overall risk can be difficult, and balancing resources used to mitigate between risks with a high probability of occurrence but lower loss versus a risk with high loss but lower probability of occurrence can often be mishandled. (wikipedia.org)
  • To overcome these challenges, companies mitigate supply chain interruptions and reduce risk with strategies and tactics that address supplier-centric risk at multiple stages in the relationship: On boarding: Bringing suppliers into the operation with registration that includes: A centralized supplier registration portal Integration of third party performance, financial data and predictive indicators into the supplier profile Monitoring for stability beyond financial data, including: Criminal and terrorists (i.e. (wikipedia.org)

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  • enables
  • The use of this risk management information system enables ORM to allocate the annual premiums to each State agency and to handle its claims responsibilities in a timely and efficient manner. (slideshare.net)
  • enterprise
  • The focus of NYU's Enterprise Risk management (ERM) program is to recognize the university's goals, identify risks to these goals and work toward mitigating and managing these risks while helping the university to grow as an organization. (nyu.edu)
  • RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk. (nndb.com)
  • The business risk associated with the use, ownership, operation, involvement, influence and adoption of IT within an enterprise or organization IT risk management can be considered a component of a wider enterprise risk management system. (wikipedia.org)
  • Notable PRA tools and techniques Event chain methodology - A method of managing risk and uncertainties affecting project schedules The RIMS Risk Maturity Model (RMM) for enterprise risk management, was published in 2006. (wikipedia.org)
  • Risk Radar Enterprise (RRE) - Web-based application for enterprise-wide program and/or project level Risk Management. (wikipedia.org)
  • The impact of the Enron failure and the implementation of the Sarbanes-Oxley Act has caused several software development companies to create enterprise-wide software packages to manage risk. (wikipedia.org)
  • Cultivating strategic supplier relationships for the long-term: Leverage supplier scorecards for continuous improvement Establish and use benchmarks for measuring supplier performance Creating a system for collaboration and supplier development Establish control across the extended enterprise: Create integrated supplier networks Extend performance management benchmarks to second and third tier suppliers In 2008-2009, manufacturers experienced the startling speed at which suppliers can move from stability to shutting down operations. (wikipedia.org)
  • ERM can also be described as a risk-based approach to managing an enterprise, integrating concepts of internal control, the Sarbanes-Oxley Act, and strategic planning. (wikipedia.org)
  • According to Thomas Stanton of Johns Hopkins University, the point of enterprise risk management is not to create more bureaucracy, but to facilitate discussion on what the really big risks are. (wikipedia.org)
  • There are various important ERM frameworks, each of which describes an approach for identifying, analyzing, responding to, and monitoring risks and opportunities, within the internal and external environment facing the enterprise. (wikipedia.org)
  • outcomes
  • With regard to its Risk Management roots, BRM analyzes the effect of practices, cultures and behaviors as well as their associated risk of negative outcomes within an individual (health) and/or an organization (expenses). (wikipedia.org)
  • But in addition to avoiding adverse outcomes, a climate risk management strategy also aims to maximize opportunities in climate-sensitive economic sectors--for example, farmers who use favorable seasonal forecasts to maximize their crop productivity. (wikipedia.org)
  • Analyzing/Quantifying Risks: This includes the calibration and, if possible, creation of probability distributions of outcomes for each material risk. (wikipedia.org)
  • minimize
  • Fourth, implementing structural risk reduction measures for dams, reservoirs and evacuation bridges help minimize adverse effects from disasters. (worldbank.org)
  • asset
  • Aon's property risk control professionals focus on the design, implementation and communication of cost-effective asset protection programs. (aon.com)
  • Second, the choice of countermeasures (controls) used to manage risks must strike a balance between productivity, cost, effectiveness of the countermeasure, and the value of the informational asset being protected. (wikipedia.org)
  • CAP-M uses market or economic statistics and assumptions to determine the appropriate required rate of return of an asset, given that asset's non-diversifiable risk. (wikipedia.org)
  • The curriculum is updated annually by a group of distinguished risk professionals employed internationally at nearly every major bank, asset management firm, hedge fund, consulting firm, and regulator in the world. (wikipedia.org)
  • hedge
  • Firms that had been performingwell suddenly announced large losses due to credit exposures that turned sour, interest rate positions taken,or derivative exposures that may or may not have been assumed to hedge balance sheet risk. (slideshare.net)
  • uncertainties
  • The meeting was designed to review opportunities and constraints in integrating climate risks and uncertainties into decision-making. (wikipedia.org)
  • firms
  • This includes charities, emergency services, security firms, risk management organisations, UK Government departments including the Foreign and Commonwealth Office, the oil and gas industry, transport organisations and media companies including the BBC. (wikipedia.org)
  • There has been some research on the risks firms must consider when operating in many countries, such as the three kinds of foreign exchange exposure for various future time horizons: transactions exposure, accounting exposure, and economic exposure. (wikipedia.org)
  • Monitoring
  • When a risk becomes fully mitigated, the mitigation plan is updated to reflect the ongoing monitoring plan. (nyu.edu)
  • Share or Insure: transferring or sharing a portion of the risk, to finance it Accept: no action is taken, due to a cost/benefit decision Monitoring is typically performed by management as part of its internal control activities, such as review of analytical reports or management committee meetings with relevant experts, to understand how the risk response strategy is working and whether the objectives are being achieved. (wikipedia.org)
  • productivity
  • Third, enhancing livelihoods among poor households through an Agricultural Risk Management Information System (ARMIS) that assists farmers in improving productivity and enhancing resilience to droughts, floods, erosion, and heat. (worldbank.org)
  • livelihoods
  • An estimated 70 percent of Vietnamese people are exposed to risks from natural hazards-specifically in rural communities where livelihoods are most threatened. (worldbank.org)
  • business
  • Through innovative analytics, business intelligence and data management software and services, SAS helps customers at more than 83,000 sites make better decisions faster. (sas.com)
  • He reviews three key areas for auditing: risk management, business continuity, and disaster recovery planning. (lynda.com)
  • disaster management
  • In addition, 30 communes prepared and implemented their Safer Commune Plans, including the construction of the key identified mitigation infrastructure, training and appointment of disaster management facilitators. (worldbank.org)
  • Climate Risk Management (CRM) is a term is used for a large and growing body of work, bridging the climate change adaptation, disaster management and development sectors, amongst many others. (wikipedia.org)
  • Principles
  • The U.S. Department of Defense summarizes the principles of ORM as follows: Accept risk when benefits outweigh the cost. (wikipedia.org)
  • focuses
  • SRM focuses specifically on the poor, who are the most vulnerable to risk and more likely to suffer in the face of economic shocks. (wikipedia.org)
  • program
  • The ERM program works to identify risks and consequences and their effect on the University community. (nyu.edu)
  • The success of the World Bank pilot on Community-based Disaster Risk Management (CBDRM) which had been implemented in 12 project provinces led the Vietnam government to develop a National CBDRM Program of US$450 million covering 6,000 communes across the country. (worldbank.org)
  • The objective of the risk management program is to reduce risk and obtain and maintain DAA approval. (wikipedia.org)
  • Reducing
  • The approach seeks to promote sustainable development by reducing the vulnerability associated with climate risk. (wikipedia.org)
  • analytics
  • Weather information and forecasts utilized in risk management decision making is often referred to as meteorological intelligence and offered by companies such as Delphi Weather Analytics. (wikipedia.org)
  • occur
  • According to the definition to the risk, the risk is the possibility that an event will occur and adversely affect the achievement of an objective. (wikipedia.org)
  • project
  • The project has helped improve the disaster early-warning and forecasting capacity for the Southern hydrometeorology authority and also improved the planning capacity for integrated disaster risk management at both national and provincial level. (worldbank.org)
  • Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. (wikipedia.org)
  • Project risk management is an important aspect of project management. (wikipedia.org)
  • According to the Project Management Institute's PMBOK, Risk management is one of the ten knowledge areas in which a project manager must be competent. (wikipedia.org)
  • Project risk is defined by PMI as, "an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives. (wikipedia.org)
  • Chronologically, Project Risk Management may begin in recognizing a threat, or by examining an opportunity. (wikipedia.org)
  • Risk management plans should be periodically reviewed by the project team to avoid having the analysis become stale and not reflective of actual potential project risks. (wikipedia.org)
  • In Depth In depth risk management is used before a project is implemented, when there is plenty of time to plan and prepare. (wikipedia.org)
  • https
  • Company Overview of A/S Global Risk Management Ltd. Bloomberg https://www.bloomberg.com/research/stocks/private/person.asp?personId=46421242&privcapId=47101018&previousCapId=47101018&previousTitle=A/S%20Global%20Risk%20Management%20Ltd. (wikipedia.org)
  • performance
  • Learn more about how managing credit risk presents a huge opportunity for improving a bank's overall performance. (sas.com)
  • opportunities
  • There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. (wikipedia.org)
  • identifying new opportunities for insurers in the emerging sustainability concept in order to enlarge the field of insurable risks. (wikipedia.org)
  • reduce
  • Mnemonic: SARA for Share Avoid Reduce Accept, or A-CAT for "Avoid, Control, Accept, or Transfer") Risk management plans often include matrices. (wikipedia.org)
  • While these models have allowed companies to reduce overall costs and expand quickly into new markets, they also expose the company to the risk of a supplier suddenly going bankrupt, closing operations, data breach or being acquired. (wikipedia.org)
  • objective
  • The company's main objective is to "help clients protect their margins from the risk posed by notoriously volatile fuel prices. (wikipedia.org)
  • timely
  • The Risk Management newsletter provides timely news about current issues and recent updates to our policies and procedures. (scouting.org)
  • Join us as we explore the latest buzz on timely risk and fraud topics. (sas.com)