Вход

Менеджмент (Управление рисками в финансовой сфере).

Курсовая работа*
Код 98164
Дата создания 2011
Страниц 23
Источников 7
Покупка готовых работ временно недоступна.
1 390руб.

Содержание

Plan
Introduction. Risk Management - definition and role in modern life.
1. Financial risk management
2. Methods of risk management. Role of Risk Manager
3. Risk management process
4. Quantification of risk
5. Risk diminution measures
6. Create a risk management plan
Conclusion. Risk communication. Current approaches to risk management.
Attachment
Literature

Фрагмент работы для ознакомления

Its impact can be on the very existence, the resources (human and capital), the products and services, or the customers of the enterprise, as well as external impacts on society, markets, or the environment. In a financial institution, enterprise risk management is normally thought of as the combination of credit risk, market risk and operational risk.
In general, every probable risk can be related with a pre-formulated plan to deal with its possible consequences, as it was described above.
From the whole amount of information, project manager can estimate:
the cost associated with the impact of event, related with risk if it arises, estimated by multiplying employee costs per unit time by the estimated time lost
the probable increase in time associated with a risk
the probable increase in cost associated with a risk 3
Risk in a project or in a process can be due different causes and requires appropriate treatment. That is to re-iterate the concern about extremal cases not being equivalent in the list immediately above.
In project management risk management includes the following activities:
Planning how risk will be managed in the particular project. Plans should include risk management tasks, responsibilities, activities and budget.
Assigning a risk officer - a team member other than a project manager who is responsible for foreseeing potential project problems. Typical characteristic of risk officer is a healthy skepticism.
Maintaining live project risk database. Each risk should have the following attributes: opening date, title, short description, probability and importance. Optionally a risk may have an assigned person responsible for its resolution and a date by which the risk must be resolved.
Creating anonymous risk reporting channel. Each team member should have possibility to report risk that he/she foresees in the project.
Preparing mitigation plans for risks that are chosen to be mitigated. The purpose of the mitigation plan is to describe how this particular risk will be handled – what, when, by who and how will it be done to avoid it or minimize consequences if it becomes a liability.
Summarizing planned and faced risks, effectiveness of mitigation activities, and effort spent for the risk management. 4
Management of major programs is related with extremely large-scale investment projects, typically costing more than billion dollars per project. Such projects include bridges, tunnels, waste-water projects, coastal flood protection schemes, seaports, power plants, dams, highways, railways, airports, oil and natural gas extraction projects, public buildings, information technology systems, aerospace projects, and defense systems. Such programs are known to be risky in terms of finance, safety and social and environmental impacts. Risk management is therefore particularly important for major projects and special methods and special education have been developed for such risk management.
Risk management in informational technologies is increasing pervasive in modern life in every sector. This is a risk related to increasing awareness about security of personal in formation or secret information and it is simply one facet of a multitude of risks that are relevant to IT and the real world processes it supports.
For the offshore oil and gas industry, operational risk management is very important and it is regulated by the safety case regime in many countries. Hazard identification and risk assessment tools and techniques are described in the international standard ISO 17776:2000, and organizations such as the IADC (International Association of Drilling Contractors) publish guidelines for HSE Case development which are based on the ISO standard.
Risk management in business continuity is simply a practice of systematically selecting cost effective approaches for decreasing the effect of threat realization to the organization. All risks can never be fully avoided or diminished simply because of financial and practical limitations. Therefore all organizations have to accept some level of residual risks.
Whereas risk management tends to be preemptive, business planning was proposed to deal with the consequences of realized residual risks. The necessity to have business planning in place arises because even very unlikely events will occur if given enough time. Risk management and business planning are often mistakenly seen as rivals or overlapping practices. In fact these processes are so closely related together that such separation seems artificial. For example, if the risk management process creates important inputs for the business planning (assets, impact assessments, cost estimates etc.). Risk management also gives control measures for the observed risks. Therefore, risk management covers several areas that are vital for the business planning process. However, the business planning process goes beyond risk management's preemptive approach and assumes that the disaster will happen at some point.
Conclusion. Risk communication. Current approaches to risk management.
Risk communication is seemed to be a complex cross-disciplinary academic field. Problems for risk communicators involve how to reach the audience, to make the risk comprehensible, how to pay appropriate respect to the audience's values related to the risk, to predict their response to the communication, etc. A main goal of risk communication is to improve collective and individual decision making. Risk communication is somewhat related to crisis communication.
A popular solution to the quest to communicate risks and their treatments effectively is to use bow tie diagrams (see attachment). These diagrams are believed to be effective, for example, in a public forum to model perceived risks and communicate precautions, during the planning stage of offshore oil and gas facilities in Scotland. Equally, the technique is used for workshops of all types, and results in a high level of engagement. For this reason (amongst others) an increasing number of government regulators for major hazard facilities (MHFs), offshore oil & gas, aviation, etc. welcome safety case submissions which use diagrammatic representation of risks at their core.
Communication advantages of bow tie diagrams:
Visual illustration of the hazard, its causes, consequences, controls, and how controls fail.
The bow tie diagram can be readily understood at all personnel levels.
"A picture paints a thousand words."
There are seven cardinal rules for the practice of risk communication
Accept and involve the public/other consumers as legitimate partners.
Plan carefully and evaluate your efforts with a focus on your strengths, weaknesses, opportunities, and threats.
Listen to the public's specific concerns.
Be honest, frank, and open.
Coordinate and collaborate with other credible sources.
Meet the needs of the media.
Speak clearly and with compassion. 4
As it was described above, risk management today is part and parcel not only of every enterprise, but also of our lives. Which strategy to chose, what to do to avoid event associated with risk or at least decrease the risk is dependent on particular situation. Let's return to the examples with which we started the essay. How to decrease a risk of using air service? There could be two policies: an avoidance and an insurance. The avoidance of flying refers to decrease of all risks, related with it, down to zero, but the drawback is that one is loosing his time using another kinds of transport and this could lead to loss in business. Moreover, there are some directions, in which only airplane communication is available. That is why the avoidance strategy here is quite effective to decrease the risk, but is related with another impact. The other strategy is using of self-insurance, which does not decrease the risk of the event itself, but offers the financial indemnity, that could compensate the probable impact. In case of information storage on PC there could be also two solutions: avoidance, that could be quite effective when using external data carriers, and using of anti-virus software, which is less effective, but could be applied when data storage on PC is inevitable.
Attachment
Bow-tie diagram parts
Example of bow-tie diagram
Another example of bow-tie diagram
Literature
Hubbard D. The Failure of Risk Management: Why It's Broken and How to Fix It. John Wiley & Sons. - 2009 — 46 p.
Dorfman M. S. . Introduction to Risk Management and Insurance (9 ed.). Englewood Cliffs, N.J: Prentice Hall. - 2007. - 146 p.
Crockford N. An Introduction to Risk Management (2 ed.). Cambridge, UK: Woodhead-Faulkner. - 1986. - 132 p.
Cortada J. W. The Digital Hand: How Computers Changed the Work of American Manufacturing, Transportation and Retail Industries USA: Oxford University Press. -2003. - 512 p.
Alexander C., Sheedy E. The Professional Risk Managers' Handbook: A Comprehensive Guide to Current Theory and Best Practices. PRMIA Publications. - 2005. - 241 p.
Standards Association of Australia. Risk management. North Sydney, N.S.W: Standards Association of Australia – 1999. - 137 p.
A structured approach to Enterprise Risk Management (ERM) and the requirements of ISO 31000. - Airmic / Alarm / IRM. - 2010. - 50 p.
Hubbard D. The Failure of Risk Management: Why It's Broken and How to Fix It. John Wiley & Sons. - 2009 — 46 p.
Dorfman M. S. . Introduction to Risk Management and Insurance (9 ed.). Englewood Cliffs, N.J: Prentice Hall. - 2007. - 146 p.
Crockford N. An Introduction to Risk Management (2 ed.). Cambridge, UK: Woodhead-Faulkner. - 1986. - 132 p.
Alexander C., Sheedy E. The Professional Risk Managers' Handbook: A Comprehensive Guide to Current Theory and Best Practices. PRMIA Publications. - 2005. - 241 p.
Cortada J. W. The Digital Hand: How Computers Changed the Work of American Manufacturing, Transportation and Retail Industries USA: Oxford University Press. -2003. - 512 p.
A structured approach to Enterprise Risk Management (ERM) and the requirements of ISO 31000. - Airmic / Alarm / IRM. - 2010. - 50 p.
16
16

Список литературы

Literature
1.Hubbard D. The Failure of Risk Management: Why It's Broken and How to Fix It. John Wiley & Sons. - 2009 — 46 p.
2.Dorfman M. S. . Introduction to Risk Management and Insurance (9 ed.). Englewood Cliffs, N.J: Prentice Hall. - 2007. - 146 p.
3.Crockford N. An Introduction to Risk Management (2 ed.). Cambridge, UK: Woodhead-Faulkner. - 1986. - 132 p.
4.Cortada J. W. The Digital Hand: How Computers Changed the Work of American Manufacturing, Transportation and Retail Industries USA: Oxford University Press. -2003. - 512 p.
5.Alexander C., Sheedy E. The Professional Risk Managers' Handbook: A Comprehensive Guide to Current Theory and Best Practices. PRMIA Publications. - 2005. - 241 p.
6.Standards Association of Australia. Risk management. North Sydney, N.S.W: Standards Association of Australia – 1999. - 137 p.
7.A structured approach to Enterprise Risk Management (ERM) and the requirements of ISO 31000. - Airmic / Alarm / IRM. - 2010. - 50 p.
Пожалуйста, внимательно изучайте содержание и фрагменты работы. Деньги за приобретённые готовые работы по причине несоответствия данной работы вашим требованиям или её уникальности не возвращаются.
* Категория работы носит оценочный характер в соответствии с качественными и количественными параметрами предоставляемого материала, который не является научным трудом, не является выпускной квалификационной работой и представляет собой результат обработки, структурирования и форматирования собранной информации, но может использоваться в качестве источника для подготовки работы указанной тематики.
Сколько стоит
консультация по подготовке материалов?
1
Заполните заявку - это бесплатно и ни к чему вас не обязывает. Окончательное решение вы принимаете после ознакомления с условиями выполнения работы.
2
Менеджер оценивает работу и сообщает вам стоимость и сроки.
3
Вы вносите предоплату 25% и мы приступаем к работе.
4
Менеджер найдёт лучшего автора по вашей теме, проконтролирует выполнение работы и сделает всё, чтобы вы остались довольны.
5
Автор примет во внимание все ваши пожелания и требования вуза, оформит работу согласно ГОСТ, произведёт необходимые доработки БЕСПЛАТНО.
6
Контроль качества проверит работу на уникальность.
7
Готово! Осталось внести доплату и работу можно скачать в личном кабинете.
После нажатия кнопки "Узнать стоимость" вы будете перенаправлены на сайт нашего официального партнёра Zaochnik.com
© Рефератбанк, 2002 - 2018