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Understanding the connection between risk appetite and risk analytics
Author(s) -
Felton Ken
Publication year - 2010
Publication title -
journal of healthcare risk management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.221
H-Index - 16
eISSN - 2040-0861
pISSN - 1074-4797
DOI - 10.1002/jhrm.20041
Subject(s) - connection (principal bundle) , analytics , risk appetite , appetite , computer science , risk analysis (engineering) , risk management , data science , medicine , business , engineering , finance , structural engineering
A clear articulation of an organization's risk appetite and sound, objective analytics are essential for ongoing risk management performance measurement, which is crucial to ultimate risk management success and, ultimately, achieving the organization's strategic objectives. This article explores the risk management process as a cycle of appetite and analytics that can help clear the way to better risk assessment and management.