Types of risk

Description

A-Levels 1. Introduction to Risk Management Mind Map on Types of risk, created by helen_woolford on 06/05/2013.
helen_woolford
Mind Map by helen_woolford, updated more than 1 year ago
helen_woolford
Created by helen_woolford almost 11 years ago
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Resource summary

Types of risk
  1. Timescale of risk impact
    1. Long term
      1. Medium Term
        1. Short term
      2. Trigger mechanism
      3. Hazard, Control & Opportunity risks
        1. Category of risk
          1. Hazard
            1. inhibit corporate mission
              1. Four P's
              2. Control
                1. Opportunity
                  1. Achievement
                    1. Future success
                    2. Complaince
                      1. zero risk
                    3. Cause doubt
                      1. People and control processes
              3. Hazard Tolerance
                1. risk exposure
                  1. Risk appetite
                  2. Petty theft example
                  3. Mitigation of Hazard risks
                    1. 4P Categories of hazard risks
                      1. Evaluate risk
                        1. Mitiggation
                          1. Insurance
                    2. Management of Uncertainties
                      1. Level of uncertainity
                        1. Deviation
                          1. Internal control- IIA
                            1. Obession
                        2. Embracing Opportunites
                          1. Positive return
                            1. marketplace/commercial
                            2. Appetite for seizing
                              1. Risk capacity needed
                              2. Strategic planning
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