Risk management

Question

Risk management

Quizplus · Accepted Answer

Risk management is the practice of identifying, assessing, and prioritizing uncertainties or risks that may impact an organization or business. The process involves analyzing the likelihood of accidents occurring and the potential impact they could have, and then developing strategies or plans to mitigate or reduce those risks. While liability, technical failures, and financial impacts are all important considerations in risk management, the primary focus is on identifying and assessing the risks themselves.

Risk Management