Risk management

Risk management can be defined as the identification and quantification of risks and introduction of control measures. In theory, risk is often formulated as: risk = probability * impact. Control measures are actions intended to influence the variables probability and impact.

There are several methodologies to identify risks. Two approaches which are often used in the financial sector are scenario analysis and quantitative risk models. With the first method, risks are analyzed that a relatively low probability but a big impact. The second method is to make an estimation of the financial impact of a risk.

PJK International has built a track record of consultancy assignments that deal with risk management. Want to see which consultancy assignments PJK International has performed in the past, visit the page PJK Consultancy Services.

Learn more about scenario planning or other financial instruments that oil traders use to limit their risks, download one of our free ebooks on this subject in our Knowledge Center. You can also call or e-mail our office for more information via the contact details below.

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