Comprehensive Risk Management Plan

Comprehensive Risk Management Plan

Resources: Risk Management Plan: Parts I ,II, & III assignments

You have assessed risks in your department. This assignment requires that you compile work from previous weeks into a comprehensive risk management plan.

Write a 1,050- to 1,400-word risk management plan.

Include the following elements in your plan:

Executive summary addressing how the plan benefits the business and shareholders
Determination of objectives
Identification of risks
Evaluation of risks
Consideration of alternatives
Implementation plan
Performance evaluation and review
An explanation of categories of liability and their application
Safety plan
Methods of risk reduction that address all areas assessed in your department
Identification of the parts specifically involved in loss control and how these are different than other activities
Format your paper consistent with APA guidelines.

20171123193836apa_paper_template_300_499_v4

20171123193839risk_management_methods__part_ii

20171123193842risk_management_methods__part_iii

20171123194027risk_management_methods__part_i

20171123194029risk_management_methods__part_ii

20171123194031risk_management_methods__part_iii

Solution Preview

Executive summary
Profitability is usually the leading goals in every business because that is what increases value to the shareholders. The reputation of the business is also critical because it increases sales and the value of shares. Risks involving loss of customer information, failure of the customer to pay and accidents in the work areas eat into the profits of the company and dent the reputation of the business. The risk management plan aims at mitigating the said risks so that the business can save the money lost through legal suits, medical bills resulting from accidents and petty theft by customers.

(1,722 words)