Happy new month my dear friends! may this month be gracious and may we recieve abundant blessing from God.
RISK ANALYSIS Risk analysis is the systematic study of uncertainties and risks we encounter in business, engineering, public policy, and many other areas. Risk analysis is the process of identifying and analyzing potential issues that could negatively impact key business initiatives or critical projects in order to help organizations avoid or mitigate those risks. Performing a risk analysis includes considering the probability of adverse events caused by either natural processes, like severe storms, earthquakes or floods, or adverse events caused by malicious or inadvertent human activities; an important part of risk analysis is identifying the potential for harm from these events, as well as the likelihood that they will occur. Some institutions, such as banks and investment management firms, are in the business of taking risks every day. Risk analysis and management is clearly crucial for these institutions. One of the roles of risk management in these firms is to quantify the fi
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