Open AccessAnalysing the Factors Involved In Risk Management in a Business
Author(s) -
Mrs. Sweta Batra Dr. Anasica S
Publication year - 2020
Publication title -
international journal of new practices in management and engineering
Language(s) - English
Resource type - Journals
ISSN - 2250-0839
DOI - 10.17762/ijnpme.v9i03.87
Subject(s) - risk analysis (engineering) , business risks , business , risk management , order (exchange) , it risk management , enterprise risk management , it risk , finance
This article explains the risk factors involved in a business. In each type of business, there are certain risk factors for the implementation of anything in the business. The type of risks involved can depend upon many factors. It also depends on the type of business an organisation is doing. But it is very important that the risk analyst does all the analysis of the risks that might arise in future and must take necessary actions in order to avoid those risks. The risk analyst can also try to reduce the impact of the risks on the business. Therefore, it is very important that the risk analyst should have the knowledge of how to analyse risk and then can act upon them.