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Risk Management Techniques. Statistics & Risk Management. Protections. The value already created by the organization I ts future opportunities, favoring secure growth . Identify Rectifiers . Find and eliminate for road blocks Find Flow Restrictions and open up the flow
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Risk Management Techniques Statistics & Risk Management
Protections The value already created by the organization Its future opportunities, favoring secure growth
Identify Rectifiers Find and eliminate for road blocks Find Flow Restrictions and open up the flow Identify alternative courses of action.
Identify Opportunities Adds a positive approach to a often negative response process. Examining and Solving a problem often leads to additional opportunities.
Management Presentation Documents Presentations Memo and Notes Follow-ups
Where to Apply • Advertising • Effective? • Which add campaign? • Which markets? • Quality control • Defect rate? • Cost? • Are improvements working?
Where to Apply • Finance • Risk - How high? How to control? At what cost? • Accounting • Auditing financial statements. Are errors material? • Lobbying (no explanation needed) • Other • Economic forecasting, background info, measuring and controlling productivity (human and machine)
Associations • Professional or Industry Associations are often used to reduce risk. • State Bar Associations • Realtors Association • American Petroleum Institute • American Medical Association
PACs • Political Action Committee. • Organizations in the US which campaign for/against political candidates, ballot initiatives, or legislation.