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What is risk consulting?
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29th Nov 2009 by David Becker
Risk consulting is the process of determining and managing risks associated with business. Risk can be in the form of financial risks, operational risks or credit risks. Financial risk are based on how a business could potentially go out of business if the market for the business changed and the factors that could create the change. Operational risks are usually logistical risk, and how to mitigate these operational aspects. Credit risks are counterparty risk and the ability of a customer to pay his bills. A consultant in this field can measure these risk and recommend ways to mitigate these risks.
Risk consulting is the process of determining and managing risks associated with business. Risk can be in the form of financial risks, operational risks or credit risks. Financial risk are based on how a business could potentially go out of business if the market for the business changed and the factors that could create the change. Operational risks are usually logistical risk, and how to mitigate these operational aspects. Credit risks are counterparty risk and the ability of a customer to pay his bills. A consultant in this field can measure these risk and recommend ways to mitigate these risks.
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27th Nov 2009 In Business
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Subjects: risk consulting,