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RMI 300 Principles of Risk Management

The RMI 300 Principles of Risk Management course is all about the nature of the risk, the main methods of risk management, including in the insurance market, and the basis for decision-making for effective risk management. Risk management principles have been developed by various organizations. The International Organization for Standardization and Project Management Knowledge System adhere to the principles of risk management.

Each organization is influenced to varying degrees by various environmental factors (politics, society, law, technology, society, etc.). For example, an organization may not be affected by changes in import tariffs, while different organizations operating in the same industry and in the same environment may face significant risks. There are also significant differences in communication channels, internal culture and risk management procedures. Therefore, risk management must be able to add value and become an integral part of the organizational process.

The risk management process should involve stakeholders at every stage of the decision-making process. Even the smallest decision must be vigilant. The organization is more interested in understanding the roles that stakeholders can play at each stage.

When dealing with risks, it is important to keep organizational goals in mind. The risk management process must be clear about uncertainties. This should be systematic and structured, and keep the big picture in mind.

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