DESIGNING PROCEDURES FOR WORKING-OUT EVENTS AIMED AT RISK MINIMIZATION IN THE RISK MANAGEMENT SYSTEM

Abstract

The main target of business proprietor is to raise the company value in the long-term prospect, which depends on asset value and cash flows. Raising value is not always possible due to different risks connected with realization of the value creating chain, finance cycles, managerial decisions, etc. The article provides procedures to work-out events aimed at risk minimization, in particular the event plan for risk minimization, factor monitoring determining key company risks, keeping the register of risks on the basis of applying methods of risk identification, qualitative and quantitative estimation of risks.

Keywords

• risk management
• risk register
• estimation of economic risks