Decision Making Analysis in Risk Assessment: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Risk assessment describes the overall process to identify hazards and risk factors that have the potential to cause harm. Analyze & evaluate the risk associated with that hazard (risk analysis, and risk evaluation). Determine appropriate methods to remove the hazard, or control the risk when the hazard cannot be eliminated. A risk assessment is an exhaustive look at the workplace for identifying things, situations, processes, etc. which may cause harm, particularly to people. After the identification is made, to analyze and evaluate how likely and severe the risk. When this determination is made, the next decision on what measures should be taken in place to effectively eliminate or control the harm from happening. The risk assessments are one of the very important steps as it forms an integral part of occupational health and safety management plan. The risk assessment and decision parameters assist in the following areas: Creating awareness of hazards and risks. Identifying the risk associated with employees, visitors, contractors, the public, etc.). Creating a control of the program which is required for developing a risk-free environment. Determining the control measures which are adequate and whether anything more should be done. Design or plan and isolating and examining the potential future events which may negatively impact the business value chain. Providing favorable and reliable information for decision-making. Decision making comprises objective conclusions of consequences and related uncertainties based on existing information which can analyze the necessity of reducing uncertainty and considering the risk assessment phase from the perspective of decision-makers. Business Risk is impacted by different factors including: Consumer likings, demand, and deals Price per unit and input costs Competition Economic scenario Government Regulations Decision Making Analysis in Risk Assessment Risk management is defined as the in time activities that directs and controls the organization to risk by assessing the appropriate standards. Thus business risk mentions any tentative event or set of events that may occur or further have an effect on the achievement of the objectives. The risk and decision making are the important organizational activity which assists in identifying and assessing the unknown market impacts and making suitable decisions in response to such risks. Assessment is one of the ubiquitous and has a close relation associated with risk management on one side and appropriate decisions to assure appropriate tasks for implementation on the other side. Moreover, the risk management process in decision making is a key step for better decision making. Different uncertainties, that happen in natural environments and human societies increases the possibility of making inappropriate decisions. Every decision-making process gives a final choice, which may or may not prompt action. Step-by-step the method provides in decision making can also assist in taking decisions by organizing relevant information and defining appropriate alternatives. This approach enhances the chances that you will choose the most satisfying alternative possible. In a supervision setting, the decision cannot be taken abruptly. It should follow the steps such as. describing the problem collecting information and gathering data Emerging and pondering the options Selecting the best possible opportunity Strategies and executions Taking Follow up actions Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: assess product portfolio, assessment of competitor product line, Assessment Of Existing Product Line, Decision Making Analysis in Risk Assessment, developing new product line requirements, product line analysis, product line and product mix analysis, Product Line Strategy Assessment Process, product portfolio strategy ken research, review business performance