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Risk Management With Dan Educ of Ogilvy Renault January 21, 2011, Delta Victoria Ocean Point Resort 45 Confess Road Victoria, BC V9A 6T3 Continental Breakfast: 8:00 a.m.8:30 a.m. Risk Management Session:
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What is risk management?
Risk management is the process of identifying, assessing, and prioritizing risks followed by the coordinated application of resources to minimize, monitor, and control the probability and/or impact of unforeseen events.
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Organizations in various industries such as finance, healthcare, construction, and information technology are required to implement risk management practices.
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Risk management can be filled out by conducting risk assessments, creating risk mitigation plans, and regularly monitoring and updating risk registers.
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The purpose of risk management is to proactively identify and manage potential risks that could affect an organization's objectives and operations.
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Information such as identified risks, potential impacts, risk mitigation strategies, and risk management action plans must be reported on risk management documents.
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