A Comparative Analysis of the Risk Management Techniques of Dr Kallman With Those of Other Experts
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Risk Management Techniques
According to Habib (2006), risk management entails a process of evaluating overall goals of an organization's against risks attached to planned activities. To achieve this component in running of a business, measures have been devised to identify and analyze the uncertainties associated. This paper discusses the techniques devised by Dr, Kallman in comparison with those by other risk management experts.
Dr. Kallman Risk Managing Techniques
Kallman observes that risk management is decision making process that combines a number of processes in the business operations (Kallman, 2005). Risk management involves; organizing, planning, controlling, leading and allocating resources. The technique by Kallman is seen as one that leverages the risk manager to have the foresight on to the target path in operations. It offers a guide to the organization in achieving its goals by minimizing derailing obstacles to an organization's success path.
Risk managers are expected to make decision relevant to an organization's success path relating to the available resources. The decision making process is arrived at through successive analysis and evaluation of the organization's resources, internal and external environment, the goal and likely and unlikely risks involved. This level of analysis and evaluations opens the organization's perspective to embrace the ideal measures to attain its objectives.
Process as risk management technique provides a guide to the