Triple Bottom Line Risk Management_11

Tham khảo tài liệu 'triple bottom line risk management_11', kinh doanh - tiếp thị, quản trị kinh doanh phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 292 Asset Management Water New Zealand The extent to which the strategy reduced overall risk was determined. The benefits created by implementation of the strategy were demonstrated. Applying the above approach to any asset management endeavor is likely to generate a similar set of conclusions thus using the RISQUE method provides a useful and cost-effective approach to developing an asset management program. Glossary This glossary defines the meaning of technical terms as they have been used in this book. Other literature may use and define these terms in different ways. acceptable risk Risk that may be accepted without further treatment because its likely consequences are negligible or the risk cannot be avoided or transferred or the costs of doing so would be too high. ALARP as low as reasonably practicable The principle that risks should be evaluated against the costs of reducing them measures then must be taken to reduce or eliminate the risks unless the cost of doing so is obviously unreasonable grossly disproportionate compared with the risk and the benefit derived by treating the risk. asset In engineering and commerce terms usually refers to a capital cost item. In security insurance and loss control usually refers to an item that if accidentally lost would cause a loss. base cost The cost of construction operation and other committed costs over the project life. Base cost may be expressed in either current dollars without account for the time value of money or can be discounted back to current dollars net present value. benchmarking A process improvement tool for comparing and adopting processes better performed by another organization. brainstorming Generating ideas about a topic without screening and listing them without criticism from anyone. capital estimate A quantification and presentation of the monetary resources investment costs or dollars required to achieve a business objective. chance method An alternative method of calculating risk cost. The

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