What Is Risk Management

Risk management is the identification, assessment, and prioritization of risks followed by the development and implementation of appropriate risk mitigation measures. It is a process that identifies potential risks to an organization and determines how best to protect the organization’s assets and its people.

There are many different types of risks that can affect an organization, including financial risks, operational risks, compliance risks, and reputational risks. Risk management is a way to identify and address these risks before they cause harm to the organization.

Risk management is a critical part of any organization, and it is especially important for businesses …