Development of Risk Management

Description

A-Levels 1. Introduction to Risk Management Mind Map on Development of Risk Management, created by helen_woolford on 06/05/2013.
helen_woolford
Mind Map by helen_woolford, updated more than 1 year ago
helen_woolford
Created by helen_woolford over 11 years ago
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Resource summary

Development of Risk Management
  1. Origins of risk management
    1. Definition of risk management
      1. ISO Guide 73, BS31100
        1. IRM
        2. Activities/processes to identify and deal with risk
        3. Increasing importance
          1. Managing the organsaiotn
            1. changes in the marketplace
          2. Stages that make up the RM process
            1. 8R's and 4T's
              1. make up RM activities
                1. tools and techniques
                  1. repeated often avoid static snapshot
          3. Enterprise Risk Management
            1. unifying philopsohy
              1. all risk drawn together
                1. disruption to the overall stakeholders expectation
              2. The RIMS definition
              3. Level of RM sophistication
                1. Reform
                  1. Confom
                    1. Perform
                      1. REGRESS!
                2. Bow-tie representation
                  1. tool for RM activity
                    1. left side for source
                      1. Control in place
                      2. right side for consequences
                        1. recovery/response control
                        2. Event in the middle
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