Manual for a Risk Management System for a company: Risk and Contract Management

Kadir Yilmaz

oct 2009 · GRIN Verlag

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Seminar paper from the year 2009 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, University of Applied Sciences Berlin, course: Risk and Contract Management, language: English, abstract: In risk management it is important to achieve a healthy balance between risk control and risk volume, meaning that the single projects within a company have to be categorised as processes according to their complexity and size. If this is accomplished it is possible to assess the ongoing and pending business projects without disproportionate effort. The assessment of control effort will, above all, be made according to the volume which a project has to realise monetarily: A project having a significant sales volume will therefore experience special attention during risk control and in the graded risk control system it will assume a higher position than a project which shows a lower sales volume.