The Оrganization of Risk Management at the Enterprise

Abstract

This article presents the research of risk management in the enterprise. Posted definition of «economic risk» and «risk management» are principles of effective risk management system. There are presented and described the stages of the management process, namely: identification of risks; qualitative risk assessment; quantitative assessment; planning responses to the risks and monitor and control risks. The basic indicators of quantitative risk assessment are described: expectation, standard deviation, variance, coefficient of variation. Main ways to minimize risks in the enterprise are characterized in the article: security risk hedging liability insurance, diversification, risk sharing, backup tools, limitation, quality of manufactured products, business planning, management consulting.

Authors and Affiliations

Irina Volynets

Keywords

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  • EP ID EP433190
  • DOI 10.29038/2411-4014-2016-02-51-55
  • Views 133
  • Downloads 0

How To Cite

Irina Volynets (2016). The Оrganization of Risk Management at the Enterprise. Економічний часопис Східноєвропейського національного університету імені Лесі Українки, 2(), 51-55. https://europub.co.uk/articles/-A-433190