Abstract | Keywords | Export | Availability | Bookmark

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Historically, Risk Management has usually been fragmented in silos. There clearly was a trend to split the risks in distinct, mutually exclusive categories whereas an event can impact several business areas at a time. Every company has to face different types of risks and has to learn how to control them. No matter the approach used by those companies for the risk management, they have to find the balance between the risk and the opportunity caused by a same event. Risk Management is a response to the problem of a categorization approach in a world where the risk has become more important, more complex, more diversified and more dynamic. The goal of the Risk Management process is mainly to facilitate continual improvement and to enhance the organization's efficiency. AmplyCell, a young start up in biotechnology, accepted that challenge. According to the ISO31000:2009 - Risk management – Guidelines, the risk management should be split into 5 parts :
1. Establishing the context: The first stage consists in understanding the environment in which the company is active and how that company is interacting with it.
2. Risk Identification: The second stage consists in detecting the different types of risk that might jeopardize the achievement of the company’s objectives.
3. Risk Analysis: The third stage consists in determining the probability and the gravity of the materialization of the risk identified in the previous stage
4. Risk Evaluation: The fourth stage consists in creating a ranking of the different risks, from the most critical to the less critical
5. Risk Treatment: The last stage uses all the outputs from the previous stages to determine the best-suited solution to the most critical risks
Those 5 stages have to be supported by an extra stage (the monitoring and control) to ensure that the in-depth approved solutions will be implemented correctly. If the company truly executes the stages of the Risk Management process, they will have developed a dynamic tool to ensure value creation and the improvement of the organization.

Risk Management – Risk Identification – Risk Analysis – Risk Treatment – ISO31000 --- Sciences économiques & de gestion > Gestion de l'entreprise & théorie des organisations