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    Risk Identification&analysis

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    Aesthetic Girl
    The document discusses risk identification and analysis. It provides definitions of risk and risk management. It then outlines 10 common methods for risk identification, including checklist surveys, flowcharts, and reviews of policies, procedures, contracts, and financial statements. Additional methods covered are objectives-based identification, scenario-based identification, taxonomy-based identification, common-risk checking, and risk charting. Risks should be categorized and identified within areas like insurance, investments, operations, strategy, and groups. Risk analysis involves identifying risks, assessing potential consequences, and prioritizing actions using tools like risk matrices and frequency/severity worksheets.

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    Risk Identification&analysis

    Uploaded by

    Aesthetic Girl
    136 views15 pages
    The document discusses risk identification and analysis. It provides definitions of risk and risk management. It then outlines 10 common methods for risk identification, including checklist surveys, flowcharts, and reviews of policies, procedures, contracts, and financial statements. Additional methods covered are objectives-based identification, scenario-based identification, taxonomy-based identification, common-risk checking, and risk charting. Risks should be categorized and identified within areas like insurance, investments, operations, strategy, and groups. Risk analysis involves identifying risks, assessing potential consequences, and prioritizing actions using tools like risk matrices and frequency/severity worksheets.

    Original Title

    RISK IDENTIFICATION&ANALYSIS

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    The document discusses risk identification and analysis. It provides definitions of risk and risk management. It then outlines 10 common methods for risk identification, including checklist surveys, flowcharts, and reviews of policies, procedures, contracts, and financial statements. Additional methods covered are objectives-based identification, scenario-based identification, taxonomy-based identification, common-risk checking, and risk charting. Risks should be categorized and identified within areas like insurance, investments, operations, strategy, and groups. Risk analysis involves identifying risks, assessing potential consequences, and prioritizing actions using tools like risk matrices and frequency/severity worksheets.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    136 views15 pages

    Risk Identification&analysis

    Uploaded by

    Aesthetic Girl
    The document discusses risk identification and analysis. It provides definitions of risk and risk management. It then outlines 10 common methods for risk identification, including checklist surveys, flowcharts, and reviews of policies, procedures, contracts, and financial statements. Additional methods covered are objectives-based identification, scenario-based identification, taxonomy-based identification, common-risk checking, and risk charting. Risks should be categorized and identified within areas like insurance, investments, operations, strategy, and groups. Risk analysis involves identifying risks, assessing potential consequences, and prioritizing actions using tools like risk matrices and frequency/severity worksheets.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 15

    RISK IDENTIFICATION

    &
    RISK ANALYSIS
    Oleh :
    Aulia Oktaviani R
    Caecillia I
    Cludia Detha
    Devi Triyadi
    Egia Tessa
    RISK
    • Risk is neither bad nor good. It is Simply a
    measure of deviation from the expected . Risk
    consequences can be either bad or good.
    • Bad Risk consequences drain resources and
    interfare with an entity’s financial stability and
    ability to fullfil its mision.
    • Good Risk consequences produce better than
    expected result or unexpected opportunites.
    Risk Management
    • Risk management is the process of dealing with
    uncertainty and trying to achieve the best
    outcome possible for the organization.
    (suatu proses yang berkaitan dengan
    ketidakpastian dan mencoba untuk mencapai
    hasil terbaik untuk organisasi).
    • This process includes:
    Risk Analysis – Identifying risks, analyzing
    potential consequences, and setting priorities
    for action.
    Risk Identification
    • Determining what risks or hazards exist or are
    anticipated, their characteristics, remoteness in
    time, duration period, and possible outcomes.
    Ten Risk Identification Methods

    • Checklist and Survey


    • Flowchart
    • Insurance Policy Review
    • Physical Inspection
    • Compliance Review
    • Procedures and Policies
    Review
    • Contract Review
    • Experts
    • Financial Statement Analysis
    • Loss Data Analysis
    Common risk identification methods are:

    • Objectives-based risk
    identification
    • Scenario-based risk
    identification
    • Taxonomy-based risk
    identification
    • Common-risk checking 
    • Risk charting
    • Objectives-based risk identification
    Organisasi dan tim proyek memiliki objective (tujuan).
    Setiap peristiwa yang dapat membahayakan
    pencapaian suatu tujuan sebagian atau seluruhnya
    diidentifikasi sebagai risiko.
    • Scenario-based risk identification
    Skenario mungkin cara alternatif untuk mencapai
    tujuan, atau menganalisis interaksi “forces in” ,
    misalnya, a market or battle. Setiap peristiwa yang
    memicu alternatif skenario yang tidak diinginkan
    diidentifikasi sebagai risiko
    • Taxonomy-based risk identification
    The taxonomy in taxonomy-based risk identification
    adalah “breakdown” dari sumber-sumber resiko (risk
    sources)yang mungkin muncul. Berdasarkan dari the
    taxonomy and knowledge of best practices, kuesioner
    dikompilasi. Jawaban atas pertanyaan-pertanyaan
    akan mengungkapkan risiko.
    • Common-risk checking 
    Dalam beberapa industri, memiliki “list” yang berisi
    beberapa resiko yang dapat muncul. Setiap resiko
    dalam daftar dapat diperiksa pada situasi tertentu.
    • Risk charting
    This method combines the above approaches
    by listing resources at risk, threats to those
    resources, modifying factors which may
    increase or decrease the risk and
    consequences it is wished to avoid.
    • Risks should be identified within several major categories.  Here is a typical list
    of categories for an insurer:
    1. Insurance Risks
    – Underwriting
    – Reserving
    2. Investment RIsks
    – Interest
    – Credit
    – Equity
    – Foreign Exchange
    3. Other Counterparty Risks
    4. Operational Risks
    – Legal/Compliance
    – IT
    – Distribution
    – Human Resources
    – Operations
    5. Strategic Risks
    6. Group Risks
    RISK ANALYSIS
    • Risk analysis is a technique to identify and assess
    factors that may jeopardize the success of a project
     or achieving a goal (in bussines).
    • Risk Analysis includes:
    1. Identifying risks
    2. Assessing potential risk consequences
    3. Setting priorities for action
    • Tools
    1. Risk Matrix to stimulate thinking
    2.Frequency and severity worksheets to
    record analysis of potential risks
    • Samples are provided and are on-line and can
    be downloaded for free.

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