Risk Management -An Awareness
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The Risk Management Committee of the Department of Business Studies conducted an awareness Program on Risk Management for all its staff members on Thursday 23 November 2017, from 10am to 11am in Room No:91A. The program objective was to create awareness among the staff on Risk Management.
Mr. Enthiyaz khan, the coordinator of the Risk Management Committee, gave a presentation in this regard. In his presentation, he gave clear understanding of the meaning of risk management, and the objectives of Risk Management at IBRICT.
He also explained the procedures to handle risks, such as Risk identification, Risk analysis, Risk Evaluation, Risk treatment and Risk monitoring.
While explaining Risk identification, he explained different types of risks such as Strategic, Operational, Financial, Complain and Reputation risks along with their definitions and examples.
In the last part of his presentation, he showed the sample of risk register maintained at the department and explained how to record the identified risks in risk register. He also explained to the members present, on how the risks are measured and how they are prioritized to be attended.
It was an interactive session, which enhanced the knowledge of audiences on various aspects of Risk Management.
The Session ended with the HOS-HR, Dr. Sanjay Saha addressing the vote of thanks.