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Risk Management can be applied through "Preventive Maintenance" which branch of risk management is responsible for this mission?

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Question added by Deleted user
Date Posted: 2017/04/23
Omar Saad Ibrahem Alhamadani
by Omar Saad Ibrahem Alhamadani , Snr. HR & Finance Officer , Sarri Zawetta Company

Thanks 

In my opinion Risk Financing...

Regards 

Ekwere Obot
by Ekwere Obot , Senior Mechanical Technician , ExxonMobil Nigeria (Contract Staff)

Risk Control has to do with preventive maintenance in operations and maintenance of equipment.

Obaid ur Rehman
by Obaid ur Rehman , HR Executive , Al Bahr Al Arabi Marine Engineering Services

I would love to choose the option A.

TARIG BABIKER AL AMIN
by TARIG BABIKER AL AMIN , Head of Planning and Studies Unit , Sudanese Free Zones and Markets Co.

Thanks for invite , as you say : risk control

Nigel Clark
by Nigel Clark , Senior Fire Officer , Ministry of Health

The two are like Love and marriage.....Horse and carriage. You cant have one without the other!  Pointless trying to control risk without adequate financial backing and pointless trying to finance risk if you don't manage it correctly. Both are equally as important as each other.

Regards

 

The answer is (b. Risk Control). 

Risk financing are activities that involves negative cash-flow towards a certain risk, it can be self finance, or outsourced (insurance), or captive insurance. 

Risk Control is more physical as in, installing a protection system from fires, security system from theft ...etc.

Rabi Akrami
by Rabi Akrami , Chief Accountant , NAT - Hyundai Motors Company

B. Risk Control or in other words Hazard Control!

Safwan Nassir
by Safwan Nassir , Assistant Auditor , ACE ASSOCIATES - ACCA GOLD EMPLOYER

It should be risk control.

 

Controls are usually for prevention and management puroses

masoud naimi
by masoud naimi , paxan , paxan

By operational risk management

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