How to do risk management?

Answers were Sorted based on User's Feedback



How to do risk management?..

Answer / nitin nimkar

for investor

1) by diversifying the securities in portfolio according to
goal
2) by keeped emergency saving
3) by using credit wisely
4) by frequently reviewing & majoring the portfolio

Is This Answer Correct ?    1 Yes 0 No

How to do risk management?..

Answer / mercy

Risk management is done to minimize the frequency of the
risk and also the impact assosciated with the risk.

2 activities assosciated with risk management are:

1. Risk reduction methods
2. Contingency Planning

1. Risk Reduction methods: As risk is frequency multiplied
by loss assosciated with the risk, to reduce risk we must
reduce both the risk and also the impact of the loss.

Loss = Frequency of loss * Loss per occurence

Frequency of loss can be reduced by reduce opportunity of
an error and Identify error prior to loss.

Using a web site example, you could reduce the opportunity
for customers to leave the web site by
designing the web site so that any customer need can be
identified in “three clicks” or less. To
implement the other means, to identify the error prior to
loss, you could track a customer as they
move through the web site to determine if they are making
too many clicks. If they make too
many, transfer the customer to a web site operator who
could correctly assist the customer.

Loss per occurence can be mimimized by minimize loss and
recover loss.

The loss per occurrence associated with an unfavorable
event can likewise be reduced in two
ways. The loss can be minimized, or an attempt can be made
to recover the loss. Offering a
customer the opportunity to talk directly to an individual
might minimize the potential loss. If the
customer’s e-mail address can be captured, a follow-up
message could go to the customer in an
attempt to reestablish the relationship with that customer,
and thus, recovering the loss of a sale.

Contingency planning: This is like a back up plan drafted
when an unfavourable event happens to continue business
operations.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Manual Testing Interview Questions

what is a broken link in web testing and how test it.

11 Answers   Accenture, Thomson,


in case of web application what kind of areas we r tested and one more in case of database testing what we are testing tell me in brief.

1 Answers   HCL,


When a bug status will be changed to "DEFERRED" , by the developer ? What might b the situations to change the status to deferred ? pls explain with an example .

14 Answers   Accenture,


what are all requirements need for create gmail login page

4 Answers   Mphasis,


Write Test Strategy for Hot mail Login Screen?

2 Answers  






Who will Prepare the Tracebility Matrix?

4 Answers   Cap Gemini, Ramco, Wipro,


About Testing Methodology?

5 Answers  


What does the verification process include: a. Reviews b. testing c. Both D. none of these

4 Answers   Aon Hewitt, Hewitt,


What are the possible scenarios for LMS?

2 Answers  


what is system testing?

7 Answers  


what is a usecase?

5 Answers  


What is security testing? How to test the web application using security testing ?

5 Answers   Miracle Solutions,


Categories