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(1)FACILITATOR
Prof Dr Mohammad Majid Mahmood
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What is Risk?
Risk arises from uncertainty; but all uncertainties do not carry risk
(4)4 development planning issue?
Planners are responsible for the protection of company assets
Planners must work to improve shareholders’ value, which is not possible without taking some risks
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Why take risks? Because you have to
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Risk Management Process Risk Identification
Risk Assessment
Selection of risk management techniques Implementation
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Risk Identification Risk profile of a company
Formal listing of all potential risks External professional help
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Classification of Risk Production risk
Risk of inputs Risk of outputs
Environmental risk Political risk
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Risk Assessment
Having listed all the potential risks, ask: How likely is it for any of these risks to
actually materialize?
What is the maximum possible loss that can arise from each of the listed situations?
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Risk Management Techniques Risk avoidance
Loss prevention and control