risk management - 2069 Words
What is Risk Management?
According to business dictionary, it is the identification, analysis, assessment, control, and avoidance, minimization, or elimination of unacceptable risks.1 An organization may use risk assumption, risk avoidance, risk retention, risk transfer, or any other strategy (or combination of strategies) in proper management of future events.1
Essentially, Risk management is a process of thinking systematically about all possible...
2,069 Words | 6 Pages