Risk Treatment Case Study

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Risk Treatment is the process of selecting and implementing of measures to modify risk. It is also can measures that include avoiding, optimizing, transferring or retaining risk. The purpose of risk treatment is to reduce, remove or transfer risk. This is good for the company to plan ahead and prevent to get a risk. Have planning ahead can help in terms of time and money. This is because can save a lot of time and money from some risks may endanger the business. All risk systems must ensure as a minimum. Here, can see on the effective and efficient operation of the organization, effective internal controls and observance of current laws and regulations.
The risk treatment should be the most appropriate course of action commensurate with the significance and relevance of the company in its business activity. In a first approximation, we can mention it. Which is the low- level risks can be accepted by the risk manager in the company, as it may not be necessary to take any additional action, although the control and monitoring of such risks is necessary. Then, the significant level risks should always be treated and controlled, and their acceptance or not will depend on the company strategy and the opportunity that the risk might generate. If the high levels of risk will be …show more content…

For example is Jet Airways had do the partnership with Etihad. Indirectly, enable Jet to have a combined network of more than 130 routes, which is expected to bring additional feeder traffic from Etihad and its partner airlines to Jet. The Jet-Etihad deal the bring cost synergies in fleet acquisition, maintenance, joint purchasing opportunities for fuel, spare parts, equipment and catering supplies, as well as external services such as insurance and technology support. This shows that , do the partnership can make the opportunities and get more profit in the

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