Types of risk

Types of risk

Timescale of risk impact
1. Long term
  1. Medium Term
    1. Short term
2. Trigger mechanism
Hazard, Control & Opportunity risks
1. Category of risk
  1. Hazard
    1. inhibit corporate mission
      1. Four P's
    2. Control
      1. Opportunity
        Achievement
        Future success
        Complaince
        zero risk
      2. Cause doubt
        People and control processes
Hazard Tolerance
1. risk exposure
  1. Risk appetite
2. Petty theft example
Mitigation of Hazard risks
1. 4P Categories of hazard risks
  1. Evaluate risk
    1. Mitiggation
      1. Insurance
Management of Uncertainties
1. Level of uncertainity
  1. Deviation
  2. Internal control- IIA
    1. Obession
Embracing Opportunites
1. Positive return
  1. marketplace/commercial
2. Appetite for seizing
  1. Risk capacity needed
3. Strategic planning

Resource summary

	Created by helen_woolford about 11 years ago