Business, Management and Accounting
3 years ago

New Study Reveals Simplified Risk Management Process for Businesses

Asian Journal of Research in Business and Management
An Analysis of Risk Management Processes and Comparison with ISO31000:2018
Hakimah Hamir, Rabihah Md. Sum

Paper Summary

Related papers

Business, Management and Accounting
4 years ago

New study reveals how businesses can better manage IT risks!

Big Data Analytics
Technology Readiness
IT-Business Alignment
3 views
Decision Sciences
4 years ago

Improved communication between risk assessors and managers could save lives

Risk Analysis
Risk Perception
2 views
Business, Management and Accounting
5 years ago

Integrated Risk Management Approach Streamlines Assessment Process and Enhances Organizational Efficiency

Risk Management
2 views

The article analyzes different ways companies manage risks and compares them to a standard called ISO 31000:2018. It looks at steps like identifying risks, analyzing them, treating them, and monitoring them. The study finds that while risk management processes can vary in complexity, they all generally follow these four steps. Even though each process is unique, they usually stick to the sequence outlined by ISO 31000:2018.