risk assessment and management
Risk assessment and management refers to the systematic process of identifying, analyzing, and evaluating potential risks or threats to an organization, project, or individual, and implementing strategies to minimize or mitigate those risks to an acceptable level. It involves assessing the likelihood and impact of various risks, developing plans to avoid or address them, and continually monitoring and adapting the approach to ensure effective risk management throughout the given context.
Requires login.
Related Concepts (4)
Similar Concepts
- hazard risk management
- risk analysis
- risk assessment
- risk assessment and decision-making
- risk assessment and identification
- risk assessment and mitigation
- risk assessment and mitigation strategies
- risk assessment in decision-making
- risk assessment matrix
- risk management
- risk management plan
- risk management planning
- risk management process
- safety risk assessment
- strategic risk assessment and management