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  Risk Management Process

Risk Management Process

 

As in any area of management, the Risk Management process requires planning, organizing, leading and controlling the aspects of risk which could effect the resources and activities of an organization in fulfilling its objectives. This process will minimize the adverse effects of accidental loss for your organization at a reasonable cost. Risk management is a decision sequence for:

 

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Identifying exposures to accidental loss

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Examining feasible alternative risk management techniques

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Selecting the best risk management techniques

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Implementing those techniques

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Monitoring the results of the chosen technique

 

Through these five steps, the risk management program for your organization can be refined to be a cost effective tool in helping achieve your objectives and goals with the least interference due to risk. PCS will professionally assist you in all aspects of the Risk Management Process.

 

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