11-24-2008, 10:48 AM
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#7
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Junior Member
Join Date: Nov 2008
Location: Malaysia
Studying:
P1
P3
Posts: 27
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Quote:
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Hi,Could some one explain the methodical approach to identifying and categorising risk.
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Frankly speaking, there is no specific way to identify and categorise risk. There are too many kind of risk exist and not that easy to have a proper way to categorise. If realy want to categorise them, we can use the Turnbull's way to categorise, which:
1. Business risk (non-monetary business element)
2. Finance risk (monetary)
3. Compliance risk (non-monetary legal environment)
Hope this can help... 
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