Peter Deans’ Post

In just 60 seconds, learn why managing reputation risk is crucial for businesses today. Watch this informative reel published by the Risk Management Association of India (RMA India) to gain insights into the impact reputation risk can have on organizations. Discover key strategies to effectively mitigate and manage reputation risk, safeguarding your company's integrity and trustworthiness in the market. Stay ahead in the realm of risk management with RMA India's expert guidance. #ReputationRisk #RiskManagement #BusinessStrategy #CorporateRisk #RMAIndia

Managing Risk by Using Thresholds and Appetites! Risk threshold indicates the point at which action is necessary to mitigate unacceptable risks, whereas risk appetite indicates the total amount of uncertainty that an organization is willing to accept. Effective communication, the avoidance of negative effects, and decision-making are all aided by clearly defined risk appetites and thresholds. To take advantage of growth opportunities and reduce losses, strike a balance between risk tolerance and risk management procedures. #riskmanagement #riskappetite #risktolerance #rmp

Explore the intricacies of Risk Appetite Statements with insights from the Risk Management Association of India. Learn how these statements help businesses navigate uncertainties, make informed decisions, and achieve strategic objectives while managing risk effectively.#RiskAppetiteStatements, #RiskManagementAssociationofIndia, #RiskManagement

Assessing the probability and potential impact of risk is the key to effective travel risk management and increased organisational resilience. Risk Intelligence Manager Andrew Devereux comments in Strategic Risk on how Healix utilises risk engineering to identify, manage, and prevent threat to organisations and their travelling workforce. Read our commentary in the full article 👉 https://hubs.ly/Q02BRgH90 #RiskManagement #Intelligence #TravelRisk

At ARMEDIA, understanding the distinction between risk tolerance and risk appetite is essential for effective risk management. 🔍 Risk Tolerance: The level of risk your organization is willing to endure in the pursuit of its objectives. It represents your capacity to withstand potential losses without jeopardizing core operations. 🔍 Risk Appetite: The type and amount of risk your organization is prepared to take on to achieve its goals. It reflects the strategic choices and risk preferences of your leadership. Balancing these concepts ensures that risks are managed within acceptable limits while striving for growth and innovation. #ARMEDIA #RiskManagement #RiskTolerance #RiskAppetite #BusinessStrategy

In this session, Mr. Jaspreet Singh Kanwal delves into the critical issue of risk management within organizations. He explores how organizations can avoid becoming overly dependent on specific risk mitigation tools, which can ultimately impact their overall risk tolerance. By examining the balance between risk mitigation and risk tolerance, Mr. Kanwal offers valuable insights and strategies for ensuring that organizations maintain a healthy approach to risk management. #RiskManagement #RiskMitigation #OrganizationalRisk #RiskTolerance #BusinessStrategy #RiskAnalysis #RiskMitigationTools #indiafactoring

To obtain our monthly #Tunisia risk report, click the link below. We keep leaders well-informed with comprehensive analysis on evolving developments in the risk environment. #tunisie #northafrica #riskmanagement #empowermentthroughinsight

Risk probability is the likelihood or chance that a particular risk will occur. It's a key concept in risk management, used to assess how likely it is that an identified risk will happen and cause an impact. Risk probability is often expressed as a percentage or a probability value between 0 and 1, where: - 0 indicates no chance of the risk occurring. - 1 indicates certainty that the risk will occur. Assessing risk probability helps organizations prioritize risks, focusing on those that are most likely to occur and potentially cause significant harm or disruption. It's often combined with the potential impact of the risk to determine the overall risk level (risk severity). ■ JOHNSON GEORGE ■ ~>Trainer, Auditor: Management Systems, Soft Skills, Business Excellence 》Email: [email protected] #risk #probability #riskmanagement #certainty #disruption #likelihood #severity #impact #risklevel #riskassessment

#GrowWithMazars | Explore the blueprint for robust IT governance and risk management practices that transcend industries, issued by the RBI. This comprehensive guide walks through the essentials, from establishing clear roles to implementing smart risk management strategies, fostering a secure and forward-thinking IT landscape. Emphasising adaptability and resilience in the face of evolving challenges, it details a future-ready framework.    Transform your IT strategy with Mazars in India. Explore the essentials of robust governance and risk management practices, setting the stage for a secure and forward-thinking digital landscape. Manoj Ajgaonkar Yash Nalawade Harsh Shah Sachin Walawalkar #rbi #rbipolicy #informationsecurity #informationsecuritymanagement #compliance #governance 

The Importance of Risk Appetite & Risk Capacity in the context of Risk Management Knowing your Risk Appetite and Risk Capacity are two essential tools for firms to use to define and clarity boundaries around their risk-taking. They both have a significant role to play in strategic and operational decision-making and help set the tone of a firm's enterprise risk management approach and culture. Whereas Risk Appetite is about what risk and the amount of risk that is to be taken to create value, Risk Capacity is about survival. Therefore both are a critical part of your enterprise risk management framework. And while having a 'fixed' definition of both is essential, there must be flexibility and a regular review process. Both Risk Appetite and Risk Capacity should reflect the state of the business internally and market conditions externally, and change as they change. #riskanalysis #riskmanagement #Risk #riskappetite