This video discusses the meaning of risk management. It addresses the question:
What is risk management, and why is it important in an organisation? Risk is inevitable in a business venture. This video explains risk management and why it is essential in an organisation. In this video, you will understand the meaning of risk management, the importance of risk management, risk management structures and strategies, risk management process, risk management approaches and response to risks, risk management examples, limitations of risk management, and risk management standards.
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THE VIDEO TIMESTAMPS
00:00 - Introduction
00:56 - The meaning of risk management
02:29 - Importance of risk management
04:34 - Risk management structures
05:27 - Risk management strategies
06:04 - Risk management process
10:08 - Risk management approaches and response to risks
11:51 - Risk management practical examples
12:43 - Limitations of risk management
15:06 - Risk management standards
18:26 - Conclusion
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