Risk management topik1

Welcome  toRisk  ManagementTerm  and  ConditionsRisk  ManagementTerm  and  Conditions[ ]

This course talks about

so it is important to be clear about terms from the beginning. According to the Australian and New Zealand Standard (Standards Australia and Standards New Zealand, 1999

RISK MANAGEMENT

The chance of something happening that will have an impact upon objectives. It is measured in terms of consequences and likelihood.

A Risk is…

Risk ManagementIs Defined As:

Risk management

A Risk management can be defined as:An iterative process consisting of well-defined stepswhich, taken in sequence, support better decision-making by contributing a greater insight into risksand their impacts. The risk management process can be applied to any situation where an undesired orunexpected outcome could be significant or where opportunities are identified.

Risk management

These terms are important because they draw our attention to proactive opportunities to take control of a situation through early identification and prevention of risk, as well as strategies to manage risks that emerge from time to time.

Risk management

There is always a chance of some undesirable event occurring, so effective risk management aims to prevent an event escalating ‘out of control’ and becoming a crisis. According to PATA (2003),

Risk management

A Crisis can be defined as:Any situation that has the potential to affect long-term confidence in an organization or a product, or which may interfere with its ability to continue operating normally

CRISIS

When a Crisis, in turn, escalates we then have a Disaster

CRISIS

A Disaster can be defined as:A catastrophic event that severely disrupts the fabric of a community and requires the intervention of the various levels of government to return the community to normality.

DISASTER

By Zamecka and Buchanan (2000)

Disaster

Crisis

RiskCan be

Can be

An Escalation of Events

The view of this report is that a systematic approach to risk management by both the tourism industry and governments will in many cases prevent a crisis or disaster from occurring.

conclusion

However, not all adverse events can be avoided, so risk management must be used to respond quickly and effectively to negative situations. Government leadership is critical for the success of this process.

conclusion