risk monitoring and control
Risk monitoring and control refers to the systematic process of identifying, assessing, tracking, and managing risks in order to minimize the likelihood and impact of potential threats or uncertainties in a project or business. It involves continuously monitoring and evaluating risks, implementing appropriate measures to prevent or mitigate them, and maintaining overall control to ensure the achievement of objectives and successful outcomes.
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Related Concepts (3)
Similar Concepts
- delegation of risk monitoring and control
- monitoring and evaluating risk management efforts
- risk assessment and management
- risk assessment and mitigation
- risk control
- risk control measures
- risk management
- risk management planning
- risk mitigation
- risk monitoring
- risk monitoring and reporting
- risk prevention
- risk reporting
- risk review
- risk tracking