Duck

Risk management

What is Risk Management?

The identification, analysis, assessment, control, and avoidance, minimization, or elimination of unacceptable risks. An organization may use risk assumption, risk avoidance, risk retention, risk transfer, or any other strategy (or combination of strategies) in proper management of future events.

Why manage risk?

Risk is the ever- present and characteristically accompanying phenomenon within organizations in today‘s turbulent environment.

Properly managed risks can help protect important assets (financial capital, labor, tangible capital) and identify and implement timely solutions. The process also acts as a preventive measure. It helps identify shortcomings and removes them to reduce future losses.

Decisions related to company management have a concrete link to risk management.

The highest priority is given to risks associated with human health and the financial health of individual companies.

In the area of ​​risk management, GDPR is also making major changes.

The GDPR Regulation does not directly define the obligation to manage risks, but some points and articles in its context require a process of sustained and systematic risk management.

What can we offer?

Implementation of the risk management process.
Creation of risk management directives.
Creation of a risk catalog.
Risk assessment.
Implementation of mitigation strategies.
Outsourcing the services of a risk manager.