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Topic: Business
Number of pages / Number of words: 4 / 963
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Increases profit potential from new projects

3. Makes the organization a safer investment, more fund raising opportunities.

FOR the entire economy:

Reduced waste of resources: if accidents reduces the resources, ex: buildings, highways, money, and if risk management reduces the risk of accidents, then risk management increases the productive use of resources...


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The risk manager should design a program that fosters organizational goals. With the understanding of the organizational goals, a risk manager can formulate specific pre-loss and post-loss goals.

Pre-loss goals

1. Economy of operations: cost vs. benefit

2. Tolerable uncertainty: keeping uncertainty at tolerable levels

3...


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