delegation and risk management
Delegation refers to the process of assigning tasks or responsibilities to others, typically to individuals who are competent and capable of handling the assigned tasks. It involves transferring authority and accountability while maintaining overall responsibility for the outcome. Risk management, on the other hand, refers to the proactive identification, assessment, and mitigation of potential risks or uncertainties that could impact the achievement of objectives. It involves analyzing and evaluating potential risks, developing and implementing strategies to minimize their impact, and continuously monitoring and adjusting actions to ensure effective risk control.
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Related Concepts (24)
- delegation and accountability
- delegation and decision making
- delegation and leadership
- delegation and teamwork
- delegation and time management
- delegation as a form of trust and delegation
- delegation in decision-making
- delegation in organization
- delegation of authority
- delegation process
- delegation techniques
- delegation vs. empowerment
- effective delegation strategies
- importance of effective delegation
- risk analysis
- risk assessment
- risk identification
- risk management in project management
- risk management process
- risk management tools
- risk mitigation
- risk monitoring
- risk response strategies
- risk tolerance
Similar Concepts
- delegating risk management tasks
- delegation and decision-making
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