Risk Management and Data Outsourcing: Organizational Aspect

The process of identification, analysis and either acceptance or mitigation of uncertainty in investment decision-making Essentially, risk management occurs anytime an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment and then takes the appropriate action given their investment objectives and risk tolerance. Inadequate risk management can result in severe consequences for companies as well as individuals.A practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally is called Outsourcing. It is a very important tool for reducing cost and improving quality. If an organization does one or all its work by itself, its work may affect its production quality. So, an organization must realize some important areas, from which its cost is reduced and its products stay in high quality.

  • Bayesian data analysis
  • Sequential treatment factors for controlled trials
  • Evaluating complex intervention to improve healthcare
  • Phase I clinical trial design for drug development
  • Pharmacokinetic-Pharmacodynamic for regulatory decision
  • Data management and statistics

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