The risk management is a cyclical, continuous process by which decisions in order to remove, diminish or accept the risks are taken, the risk management needs an identification and the analysis of some theoretical matters. Identifying the difficulties and their management lead to success while the unknowledge of risks or to ignore them lead to failure. Practising the risk management brings greater opportunity of succes. Identifying in advance the risks to which the organization is exposed could prevent their negative effects turning out sometimes these risks in the own advantage. The success of an organization depends on the good management of the risk management tools. Their utilization serves to avoid the mistakes, prevent the risks or counteract in time their adverse effects. The risk management process presumes covering five stages: setting of context the risks emerge, their identification and definition, the analysis, development and implementation of response to hazards methods, monitoring , reporting and updating of risk management.

The Risk Management Tool for the Integrated Management Systems

DATE: 2010


PUBLISHED IN: EEA 2010 | vol. 58 | nr. 4 | art. 14

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