Category: Risk

Risk taking behaviors is something that follows us throughout life but especially when we start to become more independent and seek more mature fun rather than toys that we played with as a kid. Although this so called fun seems enjoyable it can become dangerous for many people and lead to death if not treated…

The administration of business risk is the progression of identifying threats, risk assessments and prevention, and controlling/minimizing the threat of these risks and having action plans in place should these events happen. Developing approaches to manage risks helps maintain a business continuity plan. Reference BS 31100:2011 Code of Practice and Guidance; This book offers guidance…

Abstract The main purpose of a business unit is to make profit and it should be duly noted that profitability alone is not very helpful in determining the efficiency and performance of the business firm unless it is related to other factors such as risk. In the context of business proliferation, we are witnessing an…

Heathrow airport has a long-term goal of making Heathrow into Heathrow 2.0 in which their vision is to make it have a sustainable growth. In this vison, they have highlighted that they want to improve life for their colleagues, communities, contribute to thriving economy and also tackle global issues such as climate change (Heathrow). Risk…

Definition of Risk Risk implies future uncertainty about deviate from expected earnings or expected outcome. Risk measures the uncertainty that investors are willing to take to achieve a return on investment. Since a probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and…

Risk acceptance criteria in the Netherlands According with the statutory order in 2004 the Dutch quantitative risk criteria as location-based risk, to ensure that nobody faced big risk. The Dutch have improved a software tool to estimate individual risk and societal risk. This software applies the methods from the books Committee for the Prevention of…

The aim of risk management is to keep the organization and its employees safe as it is the duty of care of the employer; to provide financial security with regards to money spent on things such as legal fees, payouts to insured parties etc.; and it needs to comply with the national legal and statutory…

Risk analysis is the review of the risks associated with a particular event or action. It is applied to projects, information technology, security issues and any action where risks may be analyzed on a quantitative and qualitative basis. Risk analysis is a component of risk management. Most of us do anything possible to avoid risk,…

A risk appetite of Heathrow group would be their plan to expand by building a 3rd runway and opening a new terminal. In this ace, the business is operating as risk tolerance and being risk taker as they are willing to put huge capital into developing and expanding. This could be costly due to Brexit…

Business risk is an evaluation of the balance in the day to day and long-term operation of the business in meeting its expenses. Business risks describe whether the business will be able to provide notable returns to the stakeholders and at the same time, maintaining credit. It occurs in various ways, such as business managers…