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Difference between revisions of "Risk management"

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(New page: == IGC-DEFINITION (abbreviated) == '''Risk management'''<br> Risk in the entrepreneurial sense is a combination of the probability of a certain damage and the size of its financial consequ...)
 
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Risk management is concerned with the identification and valuation of risks, also defining the acceptable level of risk and their limitation with the help of hedging methods. Starting point is a risk policy, which is determined by top management and then realized on all management levels.
 
Risk management is concerned with the identification and valuation of risks, also defining the acceptable level of risk and their limitation with the help of hedging methods. Starting point is a risk policy, which is determined by top management and then realized on all management levels.
To do so, it is necessary to know all the risks a company can encounter, to valuate them and to monitor their development. This task is often delegated to the controller.
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To do so, it is necessary to know all the risks a company can encounter, to valuate them and to monitor their development. This task is often delegated to the [[controller]].
  
 
A risk analysis should on the one hand describe the actual situation and on the other hand generate risk awareness.
 
A risk analysis should on the one hand describe the actual situation and on the other hand generate risk awareness.
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from: [http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.)]
 
from: [http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.)]
 
  
 
== Source ==
 
== Source ==
  
 
[http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.), 4. Auflage, Schäffer-Poeschel, Stuttgart, 2010]
 
[http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.), 4. Auflage, Schäffer-Poeschel, Stuttgart, 2010]

Revision as of 10:26, 1 September 2010

IGC-DEFINITION (abbreviated)

Risk management
Risk in the entrepreneurial sense is a combination of the probability of a certain damage and the size of its financial consequences.

Risk management is concerned with the identification and valuation of risks, also defining the acceptable level of risk and their limitation with the help of hedging methods. Starting point is a risk policy, which is determined by top management and then realized on all management levels. To do so, it is necessary to know all the risks a company can encounter, to valuate them and to monitor their development. This task is often delegated to the controller.

A risk analysis should on the one hand describe the actual situation and on the other hand generate risk awareness.


from: IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.)

Source

IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.), 4. Auflage, Schäffer-Poeschel, Stuttgart, 2010

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