Transcription of Introduction to Risk Management
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Introduction to Risk Management
Introduction to managing risk Topic Gateway Series 1 Prepared by Jasmin Harvey and Technical Information Service Last reviewed February 2008 Introduction to managing risk Topic Gateway series no. 28 Introduction to managing risk Topic Gateway Series About Topic Gateways Topic Gateways are intended as a refresher or Introduction to topics of interest to CIMA members. They include a basic definition, a brief overview and a fuller explanation of practical application. Finally they signpost some further resources for detailed understanding and research. Topic Gateways are available electronically to CIMA members only in the CPD Centre on the CIMA website, along with a number of electronic resources.
Introduction to managing risk Topic Gateway Series . 5 Risk can be perceived in a number of ways. Collier and Agyei-Ampomah (2006) note the following. • Risk as a hazard or threat (downside risk): this is what managers often mean when talking about risk. It is referred to as a negative event or threat to the organisation.
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