An introduction to Risk Management
Written By: The OurCommunity team
Published By: www.ourcommunity.com.au
This Help Sheet covers:
What is Risk?
What is Risk Management?
Why we Should Bother with Risk Management?
Risk Management Systems
Topic 1. Risk and Risk
Risk Management process
Deviation from expectation
Worse than expected
Better than expected
Uncertainty concerning a loss
OPERATIONAL RISK MANAGEMENT
What is Operational Risk?
The risk of loss resulting from inadequate or failed
internal processes, people and systems or from
external events (The Basel II Capital Accord)
FORMERLY any risk but market and credit