Risk management is a process of analytical and management activities that focus on identifying and responding to the inherent uncertainties of managing a complex organization and its assets. The leading international transportation agencies have mature risk management practices. (a) Examine the factors to consider in risk assessment.  (b) Explain FOUR (4) strategies to reduce the risk in logistics operations with suitable examples.

Business/Professional Ethics Directors/Executives/Acct
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Risk management is a process of analytical and management activities that focus on identifying and responding to the inherent uncertainties of managing a complex organization and its assets. The leading international transportation agencies have mature risk management practices.

(a) Examine the factors to consider in risk assessment. 

(b) Explain FOUR (4) strategies to reduce the risk in logistics operations with suitable examples. 

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