Sabtu, 12 Januari 2008

Why We Must Manage Our Risk?


According to many literature, risk is often used synonymously with the probability of a known loss. It is equally with the possibility of an event occurring that will have an impact on the achievement of objectives. The question is how to minimize our risk?. Further more, can we manage our risk?.

The answer is, risk can be manage. In fact, risk have come to theory. There are many theory about risk . But they depend on specific applications and situational contexts. In many case, risk can be assessed qualitatively or quantitatively.


Qualitatively, risk is considered proportional to the expected losses which can be caused by an event and to the probability of this event. The harsher the loss and the more likely the event, the greater the overall risk.

Frequently in the subject matter literature, risk is defined in pseudo-formal forms where the components of the definition are vague and ill-defined, for example, risk is considered as an indicator of threat, or depends on threats, vulnerability, impact and uncertainty.

In this point, risk communication and risk perception are essential factors for all human decision making its more important. For most important people, risk is measured in terms of impact and likelihood. The point is, how to get manage our term life.

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