RMI 4597 Lecture Notes - Lecture 4: Mobile Device, Text Messaging, Antimicrobial Resistance
13 Apr 2017
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Risk control: controlling the risk and managing emerging risks. 6. public relations and crisis communication understand the difference between emergency response and crisis communication. Overview: investment to reduce exposure to risk. Examples of important exposures to loss to control: Cross border transactions, price risk using financial tools. Safety discussion employees safety and workers" compensation costs and issues. Indirect costs ( 4 to 8 times direct costs) impact on the employer/organization: The environment in which the peril and hazard exist. The interaction with the peril/hazard and the environment in which it exists. Loss control must break the domino chain reaction. Includes physical investment, claims management, and crisis management. Mitigation- reduce, minimize or divert any loss. Each department"s plan must include these elements: Recovery time objectives, resources needed, and potential failure points. Description of division teams-purpose, team members, mission. Explanation of interdependencies among the various division teams. The first data-driven tool and repository that ranks the business resilience of 130 countries.
