Risk Management means the planning and evaluation of the risk by choosing the best disaster. To manage the loss and the effects of the ongoing process of risk management are as follows.
1. The analysis of hazards that could cause damage.
2. Finding ways to manage the risk.
3. Selection of the best.
4. Compliance plan or method selected.
5. Check and change the way to suit the changing threat.
There are multiple types of the ways to manage the risk;
1. Risk avoidance: done by
Do not get involved with the event, or to pose a risk it such as
- Horror crash, do not going to fly
- Can not be used to finance investments for fear of loss. It takes money to the bank or invest in businesses with less risk.
However, to avoid the risk can sometimes be a disadvantage, because sometimes we may reject projects with high risk but there are many benefits to society such as ; Atomic Power Project, important minerals industrial. The risk of causing pollution, but with high economic benefits. So sometimes the management of risk by the way, this should be a last way.
2. Risk Reduction: may be achieved by reducing the number of times (frequency), or reduce the severity of the disaster (severity). There are 3 methods;
2.1 Loss Prevention
It is done before any damage occurs such as replacing old wiring or electrical equipment. Labeling No smoking in the factory.
2.2 Loss Control
This is done during or after the damage occurs. In order to control the intensity of damage or decrease damage such as the firefighters fight fire in a timely manner. The installation of automatic fire sprinkler.
2.3 Separation
This is done before the damage such as keep your valuables in different places. Separation products for several warehouses.
3. Risk Retention
We accept the burden of damage caused by the disaster itself, if there is intentional or not, and this may be responsible for some or all of any risk management method is realistic. There are;
3.1 Disaster occurs, causing little damage, enough to undertake such disaster caused by the loss of affordable pen.
3.2 Risk can not be transferred to others, such as the exporter or foreign investors must accept the risk that their assets are foreign governments to seize or attach a number of reasons.
3.3 Has determined that this cost is minimal.
2.1 Loss Prevention
It is done before any damage occurs such as replacing old wiring or electrical equipment. Labeling No smoking in the factory.
2.2 Loss Control
This is done during or after the damage occurs. In order to control the intensity of damage or decrease damage such as the firefighters fight fire in a timely manner. The installation of automatic fire sprinkler.
2.3 Separation
This is done before the damage such as keep your valuables in different places. Separation products for several warehouses.
3. Risk Retention
We accept the burden of damage caused by the disaster itself, if there is intentional or not, and this may be responsible for some or all of any risk management method is realistic. There are;
3.1 Disaster occurs, causing little damage, enough to undertake such disaster caused by the loss of affordable pen.
3.2 Risk can not be transferred to others, such as the exporter or foreign investors must accept the risk that their assets are foreign governments to seize or attach a number of reasons.
3.3 Has determined that this cost is minimal.
