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Risk Management

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What is risk mode of classification Each type of classification

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NaxSys Tv Risk Management & Correlation with with Iatf & Iso standards
What Is risk ? 1 Mode of classify 2 Type Of Risk 3 Agenda……..
Guru speak on Risk “Risk is, for some people, the fear of failure. If they take no risks, they have no failure.But failure, as like risks, can be a great teacher. Don't let fear stop you taking a risk to achieve your dreams. He who doesn't risk never gets to drink champagne.”
What is risk ? Risk defined as requirements of iso 9001 &Iatf system A risk is a potential occurrence (positive or negative). An opportunity is a possible action that can be taken. Opportunity requires that one take action; risk is something that action can be taken to make more or less likely to occur but is ultimately outside of your direct control. A probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action( as per business dictionary.com If we consider in the simple word than it could defined by a situation involving exposure to danger.
Lets start……
1 1 Level 2 Magnitude Of Impact 3 Relevan ce based Risk LOREM 5 Functional 4 Frequency These are mode on which risk can be classify on different senerio Mode to Classify Risk
Risk and Opportunity Classification – by Level Strategic • LongTerm • Requires Leadership Involvemen t • High Impact Operational • Short to medium term • May impact a program or project. • Should be handledby mid level establishment. Tactica l • Dayto day risk management. • Low impact. • Field staff level management.
1 Major 2 Moderate 3 Minor These defined the intensity of risk that would be impact Magnitude Of Impact
1 Organization 2 Program 3 Project Risk related to activity which are executed Relevance based Risk
1 Frequent 2 Moderate 3 Infrequent Risk related to frequency of occurrence Risk based Frequency
Functional Risks Financial • Funds Management • Budgeting • Audit and Control Leadership • Physicalloss of leadership • Leadership misalignment Operational • Selectionof partners • Selectionof vendors • Selectionof projects • Intellectual Property Risk related to the function of an organization
What Is risk ? 1 Mode of classify 2 Type Of Risk 3 Recap.............
How to do risk assignment 1 Priorisatio n of risk 2 Mitigation Plan 3 Future Insight Coming On next presentation
Give to Knowledge , It belong to everyone My self…………………….. Every person it own story . I m Prateek Verma working in Mayur unquoter Ltd as Executive & previously I worked as Engineer in Indosolar Ltd. My interest in development in new technology & Interested in renewable energy to make sustainable. we also take part In World Engineer Congress for solar development analysis We have deep knowledge in Metallization process, Anti reflective coating analysis ,P doping analysis & process optimization of different process . We provide this presentation to help Young one to cope in changing environment in the physical world Feel Free to contact Email : Naxsystec@gmail.com Phone :+919664236772
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Risk Management

  • 1. NaxSys Tv Risk Management & Correlation with with Iatf & Iso standards
  • 2. What Is risk ? 1 Mode of classify 2 Type Of Risk 3 Agenda……..
  • 3. Guru speak on Risk “Risk is, for some people, the fear of failure. If they take no risks, they have no failure.But failure, as like risks, can be a great teacher. Don't let fear stop you taking a risk to achieve your dreams. He who doesn't risk never gets to drink champagne.”
  • 4. What is risk ? Risk defined as requirements of iso 9001 &Iatf system A risk is a potential occurrence (positive or negative). An opportunity is a possible action that can be taken. Opportunity requires that one take action; risk is something that action can be taken to make more or less likely to occur but is ultimately outside of your direct control. A probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action( as per business dictionary.com If we consider in the simple word than it could defined by a situation involving exposure to danger.
  • 6. 1 1 Level 2 Magnitude Of Impact 3 Relevan ce based Risk LOREM 5 Functional 4 Frequency These are mode on which risk can be classify on different senerio Mode to Classify Risk
  • 7. Risk and Opportunity Classification – by Level Strategic • LongTerm • Requires Leadership Involvemen t • High Impact Operational • Short to medium term • May impact a program or project. • Should be handledby mid level establishment. Tactica l • Dayto day risk management. • Low impact. • Field staff level management.
  • 8. 1 Major 2 Moderate 3 Minor These defined the intensity of risk that would be impact Magnitude Of Impact
  • 9. 1 Organization 2 Program 3 Project Risk related to activity which are executed Relevance based Risk
  • 10. 1 Frequent 2 Moderate 3 Infrequent Risk related to frequency of occurrence Risk based Frequency
  • 11. Functional Risks Financial • Funds Management • Budgeting • Audit and Control Leadership • Physicalloss of leadership • Leadership misalignment Operational • Selectionof partners • Selectionof vendors • Selectionof projects • Intellectual Property Risk related to the function of an organization
  • 12. What Is risk ? 1 Mode of classify 2 Type Of Risk 3 Recap.............
  • 13. How to do risk assignment 1 Priorisatio n of risk 2 Mitigation Plan 3 Future Insight Coming On next presentation
  • 14. Give to Knowledge , It belong to everyone My self…………………….. Every person it own story . I m Prateek Verma working in Mayur unquoter Ltd as Executive & previously I worked as Engineer in Indosolar Ltd. My interest in development in new technology & Interested in renewable energy to make sustainable. we also take part In World Engineer Congress for solar development analysis We have deep knowledge in Metallization process, Anti reflective coating analysis ,P doping analysis & process optimization of different process . We provide this presentation to help Young one to cope in changing environment in the physical world Feel Free to contact Email : Naxsystec@gmail.com Phone :+919664236772