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followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events 1 or to maximize the realization of opportunities. Risks can come from uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attacks from an adversary. Several risk management standards have been developed including the Project Management Institute , the National Institute of Science and Technology , actuarial societies, and ISO standards. 2 3 Methods, definitions and goals vary widely ...
Basic asset management is a name scrawled on some valued property with a permanent marker or inscribed with a pen knife. Not very attractive on an expensive new possession but it might help the police ID it if recovered after a theft. The next best options are paper or plastic labels imprinted with the owner’s name, address and phone number. These however can be easily scraped off by a thief or degrade due to normal environmental conditions. Ultimately, high-quality permanent asset tags made from aluminum or polyester are the preferred choice for property identification and tracking. In ... Read More
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