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d) Stability of earnings
Some organizations prefer to achieve stability of earnings over
a period of few years, rather than struggling for highest levels
of current earnings. This needs highly predictable risk
management costs, for insurance or loss prevention over other
risk financing techniques.

e) Growth
The goal of risk management programme for such a growing
organization will be to protect its expanding resources, so
that a severe accidental loss does not block its path of
expansion.

B) Defining the role, responsibilities function of the Risk
Manager

The scope of the risk manager's duties, functions
and responsibilities

l Risk determination and evaluation
l Preparing a risk profile to analyse risk position
l Decide on Risk Financing whether to insure or retain the

exposure, and placing insurance coverage.
l Loss prevention engineering to prevent or minimise loss or

property from perils such as fire, explosion

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