RISK MANAGEMENT: PROCEDURES, METHODS …

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Heinz Peter Berg RISK management : PROCEDURES, METHODS AND EXPERIENCES RT&A # 2(17) ( ) 2010, June 79 RISK management : PROCEDURES, METHODS AND EXPERIENCES Heinz-Peter Berg Bundesamt f r Strahlenschutz, Salzgitter, Germany e-mail: ABSTRACT Risk management is an activity which integrates recognition of risk, risk assessment, developing strategies to manage it, and mitigation of risk using managerial resources. Some traditional risk managements are focused on risks stemming from physical or legal causes ( natural disasters or fires, accidents, death). Financial risk management , on the other hand, focuses on risks that can be managed using traded financial instruments. Objective of risk management is to reduce different risks related to a pre-selected domain to an acceptable. It may refer to numerous types of threats caused by environment, technology, humans, organizations and politics.

Heinz‐Peter Berg – RISK MANAGEMENT: PROCEDURES, METHODS AND EXPERIENCES RT&A # 2(17) (Vol.1) 2010, June 81 One well accepted description of risk management is the following: risk management is a

  Management, Risks, Risk management