Even complicated and confusing topics will be easily developed and covered if you request our help writing an essay. Place an order today!

Response to the following with 250 words APA style People working in any organization should be aware of their duties and responsibilities in order to lessen the margins for errors and risks in the organization. The disturbing of tasks encourages employees to recognize and facilitate core organizational functions. Main risk management responsibilities for the risk manager:• Develop the risk management policy and keep it up to date• Facilitate a risk-aware culture within the organization• Establish internal risk policies and structures• Co-ordinate the risk management activities• Compile risk information and prepare reports for the boardThere is a need to ensure that the administration receives sufficiently broad support from all the stakeholders. It will usually be a board member who sponsors risk management awareness at the board and presents risk management reports to it. Regularly, the risk manager will report to that board member.The risk manager determines how to manage the prioritized risks by using risk management strategies. So the next task is to develop a written plan which outlines what steps should be taken to manage major risks and allow the organization to carry out the business with the minimal chances of failure. The plan should describe a proposed strategy or combination of such policies being implemented into the project. All the procedures are usually executed with the help of a risk management solution team. The four basic risk management strategies that every manger should consider in the plan are;“Avoidance” Strategy. Focus on ways to avoid or cease risks to provide a service or conduct an activity considered too risky.“Modification” Strategy. Focus on changing and modifying the project’s activities so that the possibility of a threat happening and the result of potential harm can be taken within acceptable limits.“Retention” Strategy. evaluating the success of the plan of the identified risks and gets prepared for the consequences.“Sharing” Strategy. A risk management application’s functionality for user collaboration and online communication, the risk management team, can consider sharing the identified risks with another group or organization. Examples of risk sharing strategy include mutual procurement agreements with other performing companies.However, Sometimes these strategies and plans would be difficult to deploy or implement for different reasons; such as; Some managers would not have the full authorization from the firm or the organization’s board to implement such a significant strategy, outside risks that weren’t identified or expected that might cause harm to the organization. And the miscommunication between different departments or the risk manager.References : Hopkin, P. (2018). Fundamentals of risk management: Understanding, evaluating, and implementing effective risk management. Kogan Page Limited: London, England. pp. 244-284. Marketing automation software: Best marketing automation software, risk management strategies, sustainable practices insights, cost-benefit analysis, and spend growth data now available from SpendEdge (2018). NewsRX LLC.

testimonials icon
 Instructions ...
testimonials icon
For your Chapter 10 assignment, the chapter materials of interest can be found in the answers to three questions: 1) what does the...
testimonials icon
Running Head: WORLD WAR II1World War IIStudent nameInstitutionTutorDateWORLD WAR II2World War IIThe second world war was fought between two groups of...
testimonials icon
Hi, need to submit a 750 words essay on the topic The new Scottish Government will be good for Scottish business. Discuss.The first step is...
testimonials icon
 As discussed in this week’s readings, data warehousing is a method of data storage that allows for streamlined data management and retri...
testimonials icon
Conduct an external environmental analysis for the industry (as conducted in your individual case analysis, I-D in the SPPM)). Next, list the str...
testimonials icon
 Imagine you work for a company that has recently merged with a global company. Write a brief introduction to your company as well as the c...
testimonials icon
/*! elementor - v3.6.5 - 27-04-2022 */ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading...
testimonials icon
On 1 July 2012, Goldwell Ltd acquired land for $ 3 000 000 and machinery for $ 2 000 000. Goldwell Ltd uses cost model to account land an...
testimonials icon
For this assignment you are to:Improve your interview and referral questions for the case vignette you selected in M1...
testimonials icon
 (TCO 1) One of the implications of technology in HRM is  Student Answer:  workers will need the ability to read and compr...
testimonials icon
21. What are the three drawbacks of using the payback method?29. How does a project manager assess the risk of thin...

Other samples, services and questions:

Calculate Price

When you use PaperHelp, you save one valuable — TIME

You can spend it for more important things than paper writing.

Approx. price
$65
Order a paper. Study better. Sleep tight. Calculate Price!
Created with Sketch.
Calculate Price
Approx. price
$65