Abstract

The article provides an understanding of the risk management process, lists the main principles that guide the development and implementation of a risk management strategy at the enterprise. Attention is paid to the differences in qualitative and quantitative risk analysis, and the peculiarities of their methodology are determined. Considerable attention is paid to defining the advantages and disadvantages of the main methods of risk assessment, the methods of risk minimization are listed, their brief characteristics are given, and as a result, the definition of the term "risk" is generalized. Methods of risk reduction are analyzed. The main methods of risk minimization are considered: risk avoidance; distribution of risks between participants; accident insurance; self-insurance; diversification; limitation; create flexible production structures; create reserve funds; information monitoring; training and instruction; flexible application of technology. Special attention is paid to the modern transformation of the approach to assessing the probability of risk from financial-oriented to personnel-oriented and the role of the human factor in the general system of risk management at the enterprise.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call