13 What are the various categories of risk?

[@ehteshamali4322]

Excellent way to explain Risk Breakdown Structure (RBS). Many thanks

[@Risk-Doctor]

Thanks, I'm glad it was helpful! I developed the Risk Breakdown Structure in 2002, and it's been widely adopted since then.

[@isaacsundarsingh2061]

@@Risk-Doctor That's Awesome Sir. Privileged to listen to such a great man who develops a tool which is beneficial worldwide. And the wonder is that you respond to comments!!!!!!! Knowledge, Wisdom and Experience shows up in all your words.You have elevated the interest in risk management to a whole new level Sir. Thanks again.

[@dikshasharma3430]

well elaborate topic, the video was easy to understand and also clarified my all doubts

[@Risk-Doctor]

Thank you Diksha, that's good to hear.

[@subhajitbhuiya557]

Excellent Video !

[@Risk-Doctor]

Thank you very much!

[@abdilatifali6923]

very simply explained, thank you.

[@Risk-Doctor]

You are welcome!

[@hassanruben1019]

i realize I'm pretty randomly asking but does anybody know of a good website to stream newly released movies online ?

[@lionelelisha4167]

@Hassan Ruben I use flixzone. Just google for it =)

[@ulisesjosiah7405]

@Lionel Elisha Yea, I've been using flixzone for since april myself :)

[@hassanruben1019]

@Lionel Elisha thank you, I signed up and it seems like they got a lot of movies there =) I appreciate it!!

[@WisiTovo]

Hi David. Thank you for your video. This is really helpful. I have a question: Where do we categorise the risks that arises from managing our employees? Will it be under the management heading? Thank you.

[@Risk-Doctor]

Hi Wisi, I'm glad you enjoyed this video. It is most common for risks arising from employee management to be categorised under the "Management" heading in the Risk Breakdown Structure (RBS). But the RBS should be constructed to represent the sources of risk that might arise for a specific business or organisation - so it is possible for you to put employee risks somewhere else. For example, if all your staff are actually self-employed as independent contractors, you might categorise employee risks under "Commercial". The point is to group risks in a way that makes sense for your business, to help you understand where risks are coming from and whether there are any concentrations that require focused attention. I hope this helps.

[@itube.995]

Thanks too much Dr. David Actually you are amazing in explanation in details, Can I ask if there is a book about risk You wrote ? I hope to have a book by your hand 👍

[@Risk-Doctor]

Thanks for your positive encouragement. Yes, I've written a wide range of books on risk topics. I aim to write one major book ech year. Yiu can find full details on the Risk Doctor website in the Writing secton, here: risk-doctor.com/risk-doctor-books/

[@mespaniyohannes8054]

great experiences of all approach .can i get some book of in risk mtg around Lottery business

[@Risk-Doctor]

Thanks for your positive feedback. I don't know of any books specifically about managing risk in the lottery business, but the general pricinples and approach apply to any industry. I did some work in Las Vegas a few years ago at one of the major casinos, helping their managers to understand their risk exposure - but the house always wins!!

[@chetanasin9150]

Thanks

[@Risk-Doctor]

No problem

[@edzmunoz7727]

Nice video, but where I could find the Risk Categories: 1. Compliance Risk 2. Hazard Risk 3. Control Risk 4. Opportunity Risk

[@Risk-Doctor]

Thanks for your comment Edz. * Compliance Risk is usually covered under the External heading. * Hazard Risk is a special category under Health & Safety. * Control Risk is often addressed by the internal audit function, and not by risk management. * Opportunity Risk is not a spearate category, as many types of risk include both downside threat and upside opportunity. I hope this is helpful.

[@wesamabdelmomen4313]

Thanks

[@Risk-Doctor]

You are very welcome.