Question

What are the examples of risk management?

Answer 1

Answer:

Commonly Used Risk Management Examples

Risk Avoidance. ...

Customer Credit Risk Management. ...

Industry-Specific Strategy. ...

Elimination of Contract Risk. ...

Compliance Risks. ...

Safety Risks. ...

Information Security Risk. ...

Market Risk.

Answer 2

Answer:

The objectives of this risk-based system of internal control are to assist in achieving our strategic objectives for the benefit of shareholders and the community by:

• protecting our people, the community, and commonwealth assets (financial, property, and information)
• facilitating optimal use of resources and provide a system for setting priorities when there are competing demands on limited resources
• assisting us to realise opportunities
• providing stakeholders and the Australian Community with grounds for confidence in the Organization
• supporting innovative decision making through recognition of threats and opportunities
• improving service delivery, reporting systems, outcomes and accountability