The risk management in the selected company

Abstract

The paper deals with risk management in the organization SFINX in the Czech Republic. Firstly, there is a literature review of risk management. Secondly, there is a used methodology part. In this part is discussed SWOT analysis and risk matrix with a modified score method. In the questionnaire, the risks were divided into A) Production risks (technical, social, purchasing, distribution), B) Economic risks, C) Market risks, D) Financial risks, E) Political risks. The probability of the occurrence of the risk was assessed: value one for the lowest occurrence, while value five for the highest, the most probable occurrence. The impact was assessed similar: number one for the least serious impact, while number five for the most severe effect. Based on the questionnaire were evaluated the most critical risks that threaten the organization from the perspective of employees. The resulting risk is determined by the product of the probability and impact of the risk. In this paper, risk was determined by multiplying the average values of probability and impact of the selected risk. The averages of these two quantities were obtained based on a questionnaire survey. Then the selected risks were entered on the map, for the risks placed in the significant risk values quadrant and the critical risk values quadrant, the scoring method recommends making proposals to reduce them. In this work, the technique will be adjusted so that the probability and impact will be evaluated from 1 to 5. In the end of the paper, there are presented the results based on the mentioned methodology - the most severe risks that may threaten the organization. Finally, there is recommendations for the organization.