Management of the Environmental Risks Identified in an Organization
Abstract
Response to risk is a process that is directly involved in risk management and
is governed by the organization's security strategy, environmental characteristics
and security mechanisms. The management identifies the options available to
respond to the risk and analyzes the effects of these options on the likelihood and
impact of a risk, in close connection with the availability for the risk and costbenefit
ratio, and then conceives and implements actions of response to risk. These
steps are integral parts of risk management and contribute to bringing the level of
risk within agreed tolerance limits. The paper presents the evaluation of risk
management options and the way of environmental risk management decision
making. The multi-criteria analysis of risk management options and the use of the
precautionary principle are also presented.
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- 2017 fascicula9 nr2 [10]