Risk Management Essay Examples for Free

Risk management is about identifying and solving the most common issues and threats to the capital and earnings of an organization. In other words, it aims to deal with inevitable business risks at a lower cost.

A risk management essay might consider the most common sources of risks, like financial uncertainties, management errors, natural disasters, etc. One can also look at risk management strategies for various industries. A step further would be to compare these strategies and their possible outcomes. Another exciting topic is managing risks for innovation projects.

Down below, you will find the list of risk management essay examples. These papers will boost your creative thinking and inspire you.

Risk Management

Brief Description of the News

Major online retailers, such as Amazon and Walmart, have recently started leaving customers with purchases they would like to return to the store – and simply refunding them without asking for the item back, the Wall Street Journal reported (Kapner & Ziobro, 2021). When trading online, the cost of returning...

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Financial Exposures and Risks in Business

Introduction Exposure is a defined as a measure of the change in the value of a financial item such as a liability, asset or cash flow, to changes in the relevant risk factors. On the other hand risk is defined as a measure of variations in the item’s value in...

Risk Management Loss Prevention

Definition of the Problem Introduction Risk management (RM) has been defined as the process of “planning, organizing, leading, and controlling the activities of the organization in order to minimize the adverse effects of accidental losses on that organization at reasonable cost. Risk avoidance involves eliminating all losses associated with a...

Credit Risk Management in British Banks

Abstract Credit risk is a common banking risk. Banks always strive to avoid this risk by adopting sound credit management policies. There are numerous examples showing the impact that poor credit risk management has on banks. Indeed, many banks, have been rendered bankrupt, liquidated and at best, lost their credibility...

The Concept of Fraud Risk Factors

Introduction Generally, the term fraud is used to denote any deliberate act or omission intended to deceive others. Such an act or omission enables the perpetrator to achieve a particular gain, while the victim suffers a loss (Singleton & Singleton, 2011). The concept of fraud is, therefore, an expansive legal...

International Risk Company: Quanta Services in Houston

Introduction Quanta Services Inc is one of the leading infrastructural contracting companies in the United States. This company offers a wide range of services which include design, installation, repair, and maintenance of any type of infrastructure. The firm is widely known for its solution to natural gas, pipeline industries, and...

Managerial Accounting: Timothy’s Fine Tobaccos Case Study

Timothy’s Fine Tobaccos is a tobacco business that has been in operation since 2003. This business was started by Tim Socier as a part-time activity to provide humidors in restaurants, golf courses, party stores and other local establishments. Socier is the sole proprietor of this business and, therefore, controls all...

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Hedging as a Risk Management Policy

Introduction Each business or investment strategy in today’s economic environment is exposed to a certain risk. Risk is attributed to a high level of uncertainty about future market trends. This leaves no room for speculation. Business analysts explain that the higher the amount of risk, the higher the expected returns....

Risk Management and Its Effectiveness

Introduction Risk is a four-letter word used in businesses, governments and investments; political leaders and entrepreneurs comprehend that if no action is taken, there will be no gain, and thus risk cannot be eliminated. Nevertheless, many companies are putting more effort to reduce and manage risk, thus it has become...

The Failure of Risk Management

Business risk management and insurance subject matter The concept of business risk management is closely interrelated to the management of an insurance company. In the view of the author, Hubbard, business risk management and insurance related concepts are closely interlinked and therefore demand proper planning and effective allocation of organizational...

The Telvent Company: Hedging Alternatives

Introduction to Hedging in Relation to Telvent Company Various scholars have described hedging differently. The different interpretations of the term depend on the scholar’s academic and professional orientations. However, many of these scholars agree that hedging is an investment technique that intends to offset potential losses or gains incurred by...

Identifying and Managing Risk

The world is advancing financially leading to an increased risk of occurrence of economic crisis. In the past, financial risk had caused devastating economic situations after becoming a reality. However, using past experiences, humankind has put in place policies to reduce the possibilities of those risks reoccurring. Nonetheless, investors have...

Telecity Group Plc.: Financial, Strategic and Risk Analysis

Introduction This report covers a comprehensive analysis of Telecity Group plc, which includes the overall analysis of the structure and operations of the Group, its market standing, financial performance, strategic plans and how it manages its exchange rate and country and political risk. At the end of this report, recommendations...

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Risk Management in Times of Crisis

Introduction The business environment is always susceptible to various types of disturbances that might hinder the normal functioning of firms. It is therefore important for any firm to be prepared at all times to curb any risks, but most importantly firms should put in place measures to curb any impending...

Risk Management Implementation in the Project Life Cycle

Introduction Civil engineering projects are exposed to risks that can be potentially damaging due to the cost of investments incurred in such projects. That is the case especially if factors such as the regulatory constraints, environmental factors, stakeholder attitude, and the costs of investment in such projects are influenced by...

Analysis of Supply Chain Management in Business

Introduction Supply chain management (SCM) aims at optimizing the cost of goods and the time it takes to deliver products to the end customer. According to Russel and Taylor (2019), competing in a global marketplace requires the combined and coordinated effort of all members of the supply chain through close...

Dealing With Risk and Uncertainty

Introduction Cinemark Holdings, Inc. is one of the largest movie theater chains in the United States and Latin America. It holds one of the highest shares of the theatrical exhibition market, along with AMC Theatres (Hallinan & Reynolds, 2019). The main branch of Cinemark includes 534 theatres with a total...

Conflict Management Action Plan

The prior CEO and leadership at JM&P Health Communications created a workplace environment that negatively impacted employees at all levels in the organization. Directions Analyze the situation and provide a response for the questions below. Analyzing the situation In this section, gather as much information as you can and highlight...

Risk Management: Business Scenarios

Abstract Global businesses operate in a highly uncertain environment that is constantly changing. As 2020 so far presented, various events ranging from a pandemic and a major economic recession to social unrests and environmental catastrophes can impact areas where businesses operate. Furthermore, the future is unpredictable with economies, technologies, and...

Community-Focused Healthcare: Risk Management

Introduction An important task of a nurse practitioner is to identify the possible risks in the specific area of profession. Such risks can be related to both medical specialists and patients, and therefore, require integrated measures to eliminate them. Many local and state organizations are concerned with the rules and...

Operational Risk Management: Models & Criteria

The Meaning of Risk to Organization Nowadays, many companies operate in the constantly changing business environment where different risks determine the level of uncertainty. Consequently, many organizations tend to face various risks such as safety, liquidity, operational, financial, and credit ones (Kaplan and Mikes 1). One of the most critical...

Project Management for the Energy Industry

Introduction Energy industry management practices and principles are often closely associated with the in-depth analysis of the business environment of the sphere, and the business research. Considering the particularities of the energy industry project management, there is strong necessity to mention that all the researches will be associated not only...

Inventory Management Strategies and Merchandising

Retail management aims at promoting sales and ensuring customer satisfaction. It encompasses various tasks and requires a qualitative and effective managerial activity as a critical factor of a retailer’s success. Procedures like storing and monitoring inventory, counting items, and forecasting demand can improve a company’s capacity to make sales. According...

The Improvement Initiatives of Geneva Construction and Risk Insurance Company

The insurance market is increasingly becoming competitive not only on national levels, but also from a global perspective. More companies are joining and then leaving the industry every year. The quality, cost, and customer expectations are the key features that need to be considered before rolling out a product into...

Risk Management. Fire and Rescue Services

Introduction In the current world fire outbreaks are frequent and do affect humanity adversely. These outbreaks kill, destroy property and injure people. Because of these effects, legislative requirements have been triggered supporting various mitigation measures. The measures on the other hand, are supposed to be occupational health and safety acts...

Risk Management: Risk Reduction And ALARP

Risk Reduction and ALARP Generally before doing any project one should measure different aspects to reduce the risk factors associated with the tour. In this project about Mount Kilimanjaro, we have to decide what are the risks associated with the project. Generally, the checklists are very qualitative in nature; they...

Risk Management in Aviation

Introduction The rationale behind risk management in airports is a multifaceted question with a broad scope that necessitates a holistic approach to the notion. Since an effective risk management process involves identifying potential risks and attempting to tackle them, the concept is significant in the aviation sector where risks usually...

JetBlue in the Global Financial Downturn

Introduction There are numerous external forces that affect the airline industry. As a result, the industry is compelled to continuously change its ways of doing things. The industries is not only vulnerable to bankruptcy, terrorism, amalgamation and acquisition but is also adversely affected by political instability in the various countries...

Computer Hacking as an Emerging Risk

Introduction Many organizations all over the world share a common objective of profit maximization. Since the future is normally uncertain of what may come forth, these firms take an initiative of insuring their business incase of risk emergence. There are many emerging risks that any organization may encounter as it...

Risk Management: Space Shuttle Columbia Tragedy

Introduction The tragedy of space shuttle Columbia occurred on February 1, 2003 following the disintegration of the space shuttle Columbia over Texas when it was entering into the earth’s atmosphere (Barling, Louglin & Kelloway 2002). The disaster lead the death of a seven crew member just when it was about...

Risk Management Planning Process

Introduction Planning refers to arrangements made in advance to cater for some future event. Risk management planning therefore, is an outline prepared by project managers to foretell risks, to estimate their likelihood of occurring and to find ways of counteracting them when and if they do occur. A risk is...

Project Risk Management in the Organizations

Risk management all over the world has been considered the most beneficial aspect of combating uncertainty in the organizations. Therefore, it has bee proven that if the pursuant of the project risk management is able to pin point the uncertainty in the project then more resources can be allocated to...

Testing Sensitivity of Major Market Stock to Oil and Gas Prices in the US

Introduction In the United States of America (USA), firms having stock prices that are so much sensitive to the changes in the international prices of oil and gas tend to adopt open positions in their goods derivatives as well as to expose the unique values at risk (VAR). Such stock...

Risk and Safety Management, Risk Control Systems and Performance

Introduction There are a number of drivers to setting Criticality Criteria and they include International Legislation and Guidelines, National Legislation, Regulators Guidelines, Industry Guidelines and Company Requirements. The idea and identification of Safety-Critical Elements that incorporates both equipment and systems is the foundation of engineering verification (Woods, 2009, p.69). A...

Gas Station Insurance: Covering the Basics

Introduction Proper risk management in gas station operations is vital to the needs of the business, and structuring a proper insurance coverage package is a necessary step in the process. Operating a gas station without adequate insurance coverage is an invitation to disaster; not only would management face the possibility...

Risk Management Decisions in Company

Introduction Risk management is an important activity to the private and public sectors. This is because risks occur as calamities in the public sector and in business sector they can cause imaginable losses. Just imagination losses caused by bad investment decision by a company management or the immense destruction caused...

Risk Analysis in the Money Question

Outline Risk analysis is involved in identifying threats that are likely to occur and analyzing the likely outcome. High risk investments bring about high returns and low risk projects have low returns. Cost benefit analysis ensures that the costs involved in projects bring about returns that are more than the...

About Enterprise Risk Management

Enterprise Wide Risk Management also known as organizational wide risk management is a strategic process that assists firms and companies to identify, measure and control the overall business risks and seize opportunities that a business organization may come across in its trading activities in order to achieve its objectives. This...

Risk-Assessment and Cost-Effectiveness of Rehabilitating Open Cut Coal Mine Spoil Areas

Executive Summary The growing dependence on sophisticated technology and systems in every walk of life has increased the incidence of risk on various commercial and public utility activities. This has necessitated the development of various analytical tools and techniques to assess the potential impact of such risk in creating losses...

Foreign Exchange Risk Management

Introduction Financial risk management can be considered as the practice of creation of economic value in companies safeguarding the company against risks like foreign exchange, interest rate fluctuations, credit and liquidity, and inflation risks. The objective of traditional risk management is to enable the firms to protect their physical assets...

Risk Management: Foreign Exchange Risks, Credit Risks, Interest Rates Risks

Introduction Business is a complicated process in which there is a whole net of relations and processes involved. Risk is one of the integral parts of business as a business entity can never be sure about its business partner fulfilling all its obligations according to the agreement they conclude. For...

Credit Risk Management: Objectives and Techniques

Introduction The financial industry, because of its nature, is susceptible to risk, and has been marked by it over the last twenty years. As a consequence, the financial industry has employed risk management techniques on a global basis, across business functions, lines and the different kinds of risks. This is...

Service Procurement And Provision

Introduction The report is going to focus on a strategic review of Benenden hospital, which is one of the most popular medical centers in UK. Before going through the organizational context in relation with core issue of sourcing, at first it is essential to have an initial overview of the...

Risk Analysis and Techniques of Risk Management

Introduction In any economy the market participants look for the services of the banks and other financial institution since they have the ability to provide a detailed knowledge about the market, transaction efficiency, and enforcement of different contractual arrangements. In view of the nature of products being dealt with by...

Risk Management in Construction Industry in the UK

Introduction This paper will study risk management in construction industry in detail. Before anything else is discussed, we need to understand what exactly risk is. Therefore the meaning of the term ‘risk’ will be identified. Once risk is defined and understood in the paper, we will move on to understanding...

Risk Management in an Organization

Introduction In this paper we are doing a research on the topic ‘risk management in organization’. Risk management as a subject and as a function of business management is relatively new concept. Therefore the purpose of this paper is to explore some of the basic concepts of risk. In this...

Organizational Risk Appetite and Assessment

Risk is often a requirement for an organization to meet its operational goals. Risk may bring innovation, partnerships, and monetary gains to a company. However, an excessive level of risk may have highly negative consequences varying from operational issues to the full bankruptcy of the organization. To properly calculate the...

GU Project and Its Risk Management

Introduction In the case of GU, the current problem that the project is facing is system failure due to unknown software that the system users, namely, students and instructors, have uploaded in their computers. Without a solution to the current problem, the system at GU may not achieve its expected...

Risk Management: Operational and Financial Risks

Introduction All organizations are open systems and are hence influenced by many external factors. With increasing globalization and the resulting competition, the effects of risk on the organization are tremendous. Risks can be operational or financial or both. Operational risks involve both production and marketing risks. Most organizations now have...

Risk Management in Arachem(M) Sdn Bhd

Executive Summary Arachem (M) Sdn Bhd’s top management has identified their inventory systems as the weak link in their operations. The current system has affected the company’s growth and overall efficiency and the management has been specifically observing several complaints from customers about goods damaged in storage and transit. The...

Internal Auditing in Risk Management

Introduction Globalization and competition increased the risk in many enterprises worldwide at a faster pace. A great number of organizations invest heavily in risk management to be able to face the ambiguities and challenges in the business world. The Institute of Internal Auditors (IIA) Glossary defines risk as: “the uncertainty...

Risk Management Strategies in Business Environment

Introduction Risk management has a critical role that all organizations must take seriously to ensure that their operations remain sustainable. Chapman defines risk management as “the practice of identifying potential risks in advance, analyzing them, and taking precautionary steps to curb the risk factor” (34). It is a proactive approach...

Flayton Electronics: Risk Management Project

Introduction Any risk management project demands an evaluation of the implemented strategies and analysis of the impact these interventions had on the project. Moreover, in addition to the planned risk management interventions, some mitigation activities can be necessary. Also, after the threats have occurred and the opportunities have been realized,...

Operational Risk Management

In addition to internal risks, organizations have to face various external risks such as economic or natural (Hopkin 139). Economic risks can be associated with financial constraints affecting industries, states, or countries. The emergence of such threats can lead to decreased revenues, a high rate of turnover, and an inability...

Flayton Electronics Data Breach and Risk Management Plan

The major goal of the paper at hand is to compose a risk management plan based on the facts presented in the case study, which is devoted to the security breach of customer data experienced by Flayton Electronics. The study will identify the size of the project (relying on the...

Medical Products Producing: Risk Management

Project Charter Background This project aims at producing a new device used in certain medical products and its effective marketing. The project is expected to help the organization to diversify its product range, enter new markets, and increase profits. Medical products have been in high demand in the USA, and...

Strategic Risk Management

Introduction Managers in different companies choose to focus on enterprise risk management (ERM) to predict and address possible risks that may be associated with companies’ operations and activities. ERM can cover a range of risks potentially faced by organizations (McShane, Nair, and Rustambekov 642). In addition to managing risks associated...

Government Agencies: Risk Management Plans Comparison

Introduction Government agencies achieve their aims by implementing appropriate projects and supporting them to ensure that they are successful. The emergence of risks might affect the effectiveness of such organizations. This challenge explains why many government entities put in place powerful risk management strategies to achieve their projects’ goals. Three...

Risk Management Practices in the Fire Service

Introduction Risk management refers to any activity that involves the evaluation or comparison of risks and development of approaches that change the probability or the consequences of a harmful action. Risk management comprises the entire process of identification and evaluation of risks as well as the identification, selection and identification...

British Petroleum Firm’s Risk Management Plan

Introduction The case study A Culture of Risk Beyond Petroleum discusses the factors that can harm the company’s reputation and image, even if the company is one of the world’s leading organizations. After the explosion in one of British Petroleum refineries in Texas in 2005, the company has suffered significant...

Corporate Risk Management Decisions

Introduction Corporate risk management is an exercise in coordinating risk acknowledgment, risk appraisal, risk management systems, and the moderation of administrative assets. This paper describes various steps of risk management decisions. As events such as the financial crisis have fundamentally changed conditions, the times of focusing on operational and strategic...

Risk Workshop and Risk Register

Introduction Risk register is a significant constituent of the risk management framework on the whole. In fact, risk register allows defining possible risks that can be potentially dangerous for the project. Thus, it provides opportunities for risks prevention because project developers will be able to prevent the possible risks or...

Risk Management in IT Projects

Introduction Risk management is one of the most important activities in any information technology project. It’s a process that involves the assessment of various sources of danger in a planned undertaking (Chapman & Ward, 2007). Besides, the process also evaluates the possibility of incurring a loss or experiencing a misfortune...

Risk Management in Railway Construction

Introduction Constructing a railway is a complex process that requires not only careful planning and the involvement of skilled professionals but also the development of a risk mitigation strategy based on the appropriate identification of risks. In the context of constructing a new railway between two destinations, beneficial practices should...

Project Risk Management: Aspects and Tools

Abstract Projects have become a common phenomenon in the operation of organizations. This assertion is evidenced by the high rate at which organizations are adopting project approach in an effort to achieve the desired organizational goals. However, the success with which projects are completed is dependent on the effectiveness with...

Financial Risk Management in International Banks

Introduction Risk managers in finance define risk as “the uncertainty that has adverse consequences on earnings or wealth, or the uncertainty associated with negative outcomes only” (Bessis 2). This view of risk is also shared by regulators who are interested in maximizing the resiliency of financial organizations under stressed conditions...

Banking Risk Management and Performance

Introduction The various global financial downturns experienced in the past have underlined the relevance of engaging in effective risk management to enhance the sustainability of different industries. The banking sector is one of the industries faced with numerous risks that could undermine the performance of the financial institutions considerably. As...

Pronto Courier’s Information Security Management

Introduction Companies are trying to develop competitive advantages to become leaders or remain in the market. Information security management (ISM) is one of the areas that can help businesses achieve this goal. Such aspects as contingency planning, security awareness and policies, risk management, and assessment, as well as security staffing,...

Economic Risk Management in Supply Chain

Scope and Study Background Walkers Shortbread is a company located in Scotland. Established in the year 1898, the company has been successful in sourcing for wheat as its primary raw material from neighboring countries such as Greece. The company’s supply chain management has been stable in mapping, executing, and managing...

Apple Company: Enterprise Risk Management

Introduction The market often poses several challenges that a firm must know how to deal with to remain competitive in the market. Enterprise risk management has become a critical part of management as firms struggle to find ways of managing the challenges they face in their normal operations (Marchetti 2012)....

Risk Management and Corporate Governance

Introduction One of the key indicators of the efficiency of corporate governance is a consistent risk management strategy. The key function of corporate governance resides in ensuring accountability, transparency, and credibility; in other words, it is supposed to include all the elements that are comprised in a high-level performance (Global...

Security Manager and Risk Management

Introduction Security risk management refers to the totality of all processes involved in identifying, assessing, and prioritizing risks accompanied by the coordination and mobilization of resources that help to reduce, oversee, and control the likelihood or consequence of the threat. The aspect of risk management is applicable in all fields,...

Risk Management: Plan Assessment

Introduction Risk management appears to be one of the most essential parts of project management. Project managers are supposed to be able to work out a risk management plan and assess its effectiveness and efficiency. Therefore, this paper aims to consider the process of elaborating a risk management plan and...

Foster’s Group and Chinese Business Environment

Background information Foster’s Group is a private limited multinational company that operates within the Australian beverage industry. The firm engages in the production, marketing and distribution of alcoholic beverage products. Since its inception, the firm is committed to maximizing its profitability by marketing its premium branded products within the global...

Security Risk Management

Introduction Effective risk management is an integral aspect that contributes immensely in enhancing performance in diverse institutions. It entails a systematic management process that institutions use to protect themselves and their stakeholders from the effects of events that present extreme consequences. As well, it defines the efficiency and effectiveness with...