FROM SILO APPROACH TO RISK PORTFOLIO MANAGEMENT – A NEW WAY OF ANALYZING RISK IN AN ENTERPRISE
Journal Title: Zeszyty Naukowe Wyższej Szkoły Humanitas Zarządzanie - Year 2018, Vol 19, Issue 3
Abstract
The paper presents the concept of risk portfolio management – a holistic approach to risk analysis. It summarizes current state of knowledge regarding examined topic. Assessment of the suitability of portfolio management approach in the enterprise risk management was based on review of the subject literature. The author makes an attempt to confirm the hypothesis of risk portfolio management being a necessary and key part of proper enterprise risk management. The first section of the article provides a brief overview of the evolution of risk management. In the succeeding sections, descriptions of two latest risk management approaches: the traditional, silo risk management and the Enterprise Risk Management (ERM) approach are followed by a presentation of the risk portfolio management concept, which is compared to stock portfolio management. The paper focuses on the kinds of dependencies between certain risks which should be particularly considered and the ways in which portfolio analysis can be used to enhance a company’s understanding of its risks and enable it to make better management decisions. The last section of this paper presents potential effects of the implementation of the portfolio approach, focusing on benefits of portfolio management in a company’s activities.<br/><br/>
Authors and Affiliations
Sylwia Przetacznik
Keywords
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- EP ID EP517905
- DOI 10.5604/01.3001.0013.0065
- Views 47
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