Risk management intelligence

Abstract

Today various types of risk are present in any organization. The way how they are managed impacts the success of the whole organization and its activity. In order to facilitate and structure risk management in an organization, risk management standards have been developed. However, in contemporary risk management a lot of new issues arise, and there is a constant need to improve the standards, create innovative methodologies and develop adequate methods for successful risk management. A new concept and entire approach of Risk Intelligent enterprise management has been formulated, stressing that risk management should be integrated into enterprise strategy and operations. In the paper the concept of risk management intelligence is further developed in the sense that the ability to foresee and adequately model with appropriate techniques the future possible risks, taking into account the uncertainty of the situation, must be strongly embedded into the risk management process. The paper presents conceptual description of the presented concepts, as well as proposes the adequate methods and tools for implementing intelligent risk management.