Risk Management : Risk Analysis

Risk analysis is of particular important to medium and larger-sized business. The term refers to a structure process, whereby the uncertainty of any course of action is studied and analysed accordingly. The idea being that by taking into account what can and might go wrong in the future, proactive measures can be taken to prevent negative outcomes. Businesses are required to identify and analyse a wide variety of risks, which may include financial risks, political risks, legal risks and many more besides. It is an essential process for the mitigation of key risks, often involving the use of statistical and mathematical software.

Explore the purpose and importance of strategic risk analysis with this advanced tutorial. Find out how risk analysis fits into the wider business framework, along with its goals, sub-goals and overall value. Learn how to analyse risk and existing risk management processes effectively, using SWOT analysis, PEST analysis and other essential tools.