Risk Management in Global Organizations

Examples and Evaluating Figures

Scientific Essay , 2012 , 22 Pages , Grade: 1

Engineering - Safety Engineering

In case of an unpredictable event, circumspect and aimed action is asked. In advance, goal-oriented precautions have to be met to represent information-streams and to enforce training - and education-measures.
In the event-case, the effect as well as the size of damages can be minimized at persons, real values, the environment and the neighbourhood. The reputation of the company, its co-workers, business partners as well as the authorities and the population will be persistently and positively influenced by positive and clear directed action.
The management has to fix business-politics and define a lasting risk-strategy that has to be com-municated to all co-workers. It is even though important that the goals are precisely and unequivocally defined in the business lines, not compete together and doesn't stand in conflict to each other. For the achievement of the strategic goals, it is decisive that the appointed goals are marketable and realizable.
In order to shape the control of the goals more efficiently and effectively, it is necessary that these are quantifiable.
Goals have to be fixed in writing and known to all co-workers.
The prerequisite for the success of the system lies in the managements built up and past life risk-culture of the total business operation.

Contents

Risk as Term (references, purpose, identification)

Risk Analysis (production sites/processes)

Risk Assessment (weighting risks, occurrence likelihood, causes)

Risk Management/Risk Monitoring (chances, actions and output verification)

Guidelines for Risk Management Integration

• College: The Slovak Technical University (Institute of Safety and Environmental Engineering)
• Grade: 1
• Authors: Dipl.Ing. Rainer Jaspers (Author), Karol Balog (Author)
• Publication Year: 2012
• Pages: 22
• Catalog Number: V195238
• ISBN (eBook): 9783656214243
• ISBN (Book): 9783656216391
• Language: English
• Tags: Risk as term, Risk distribution, Risk classes / classification, Budget plan (risk optimisation), Set Global Standards or define Global Risk Recommendation, RM Manager (at corporate level), ROH (return per employee), ROI (return / profit as invest-ment percentage), Shareholder value, Risk management guide