ANALIZIRANJE RIZIKA I STVARANJE PRIORITETA/ ANALYSIS OF RISK AND CREATION OF PRIORITIES

Abstract

More and more organizations and companies are focused on systematic control and risk management. And business is becoming more dynamic due to the turbulent environment. The concept of risk as an essential part of strategic management is becoming increasingly important in organizations. Terms like ERM – Enterprise Risk Management Integrated Risk Management, as well as numerous regulations related to risk, emphasize that importance. Ineffective risk management can cause severe damage or produce catastrophic consequences for the organization. Risk management is not only intended for corporations and public institutions, it can be applied at any long-term or short-term activities. The benefits and opportunities should be viewed not only in the context of the activity itself, but also in relation to different types of stakeholders that may be affected. Every company in the context of its strategic management has a risk management. The aim of this paper is to give an overview of methods and techniques for risk analysis and determination of their priorities as well as the importance of the risk management process.