Risk management is mostly a practical subject, where the theoretical foundation is represented merely through different models that should be applied in practice. Due to the nature of essays, a risk management essay will mostly focus on the theory, rather than practice, which is mostly seen in research papers, course works and term papers.
Theoretical risk management essays are not necessarily written about models, where there is more than one way to cover a practical topic in an essay. In that regard, the present article will attempt to explain how risk management essays can be written in a general form.
A Literature Review in Risk Management Essays
In order to understand how risk management essays can be written, the closest parallel can be drawn to a literature review section in a research. With the thesis acting as the problem statement in a research paper, a review in a risk management essay would consist of a synthesis of information on risk management models.
Synthesis implies that common themes are gathered and described in order to outline a specific significant point or the lack of it thereof. The review should revolve around a single purpose, connected to the thesis of the essay that was indicated in the introduction.
Applications and Implications in Risk Management Essays
Another section of risk management essays, which can be either combined with the previous part or written individually, is the application and implication part. Such section in risk management essays will cover the way the theoretical parts are used or can be used to deal with real problems. Accordingly, implications will be concerned with the way the support for your thesis can be positively reflected in one or more practices in risk management.