Risk management and analysis: risk assessment (qualitative and quantitative)

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Valentin Mazareanu (2007)
  • Journal: Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi, volume 54, issue November, pages 42-46
  • Subject: risk management, risk assessment

We use to define risk as the possibility of suffering a loss. Starting this, risk management is defined as a business process whose purpose is to ensure that the organization is protected against risks and their effects. In order to prioritize, to develop a response plan and after that to monitor the identified risks we need to asses them. But at this point a question is born: should I choose a qualitative approach or a quantitative one? This paper will make a short overview over the risk evaluation process also proposing a new approach in this direction.
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