Risk Management-Management risk is the risk management process that includes identification, evaluation and control of risks that can threaten the continuity of business or an activity. Language sounded heavy, but for us as a family indvidu is our organization with a variety of activities. Do not forget to manage our family finances should be able to do the identification, evaluation and risk control of our finances. My personal example was not good at managing family finances such as businesses.
Eliminate the risk means eliminating all possibility of such losses in the drive in the wet season, limited to a maximum vehicle speed of 60 km / hour. Minimize the risk carried by efforts to minimize such losses in production, the odds of product failure can be reduced by quality control (quality control). Holding your own risk means to bear the whole or part of the risk, for example by establishing cash reserves to face the losses that would occur (retention). While the transfer / risk transfer can be done by moving the losses / risks that may occur to other parties, such as insurance companies.
Eliminate the risk means eliminating all possibility of such losses in the drive in the wet season, limited to a maximum vehicle speed of 60 km / hour. Minimize the risk carried by efforts to minimize such losses in production, the odds of product failure can be reduced by quality control (quality control). Holding your own risk means to bear the whole or part of the risk, for example by establishing cash reserves to face the losses that would occur (retention). While the transfer / risk transfer can be done by moving the losses / risks that may occur to other parties, such as insurance companies.
