Revista Tinerilor Economiºti (The Young Economists Journal)

Revista Tinerilor Economişti (The Young Economists Journal)
In today’s world, managers must carry out a series of activities when they are
faced with making decisions related to the operating environment:
• analysis of the environment in which the entity operates;
• risk identification;
• their quantitative and qualitative assessment;
• their monitoring;
• achievement and implementation of a risk response plan;
• identification of risky situations;
• implementation and development of an environment which focuses first on risk
knowledge, knowledge which will be able to remove the dangers to which the
activities carried out are subject, contributing thus to their smooth running.
2. Objectives
The concept of risk management
Risk management does not only prevent risks, but also makes an entity function
effectively as a result of a structured and organized approach. Risk management refers
to the transposition of a business issue in all possible scenarios. It is about a cautious
attitude and about the belief in the materialization possibility of a risk. Starting from
this attitude, a constructive decision is taken to eliminate or reduce the damage that may
arise as a consequence of the respective risk. 28
The concept of risk management is relatively new being discussed in the
business environment in the late ‘90s 29 . But there no risk management without
addressing the concept of risk; the word risk coming from the Italian word “riscare”
which means “to dare.”
It is very important for the proper functioning of an entity to implement a
system to identify, assess and manage risks although, in general, the costs are quite
high.
Thus, risk management becomes a process of identifying, analyzing and
responding to the potential risks of an organization, of an information system or of a
project. For example, when attention is on information security, one talks about security
risk management.
When the field of analysis is the development of the software products, it is
about software risk management. In Romania, the companies that allocate resources to
the field of risk management are those from the banking and IT fields, but also the
authorities of the Government. Unfortunately, organizations from other areas of
activity, such as construction companies or NGOs, do not consider a necessity the
allocation of resources to the field of risk management.
A good risk manager is beyond numbers, techniques and technology.
Risk management involves building a genuine culture of risk warning for the
entire organization, learning the methods for implementing the risk elimination
techniques, without a governing of these rules, creating at the same time, a rational
28
http://www.startups.ro/analize/ce-este-si-cum-te-ajuta-managementul-riscului
29
Opran C., Paraipan L., Stan S. – Managementul riscului, suport de curs (Risk management,
course notes), SNSPA, Faculty of Communication and Public Relations ″David Oglvy″, 2004, p.
10-13;
98