What is Risk Management?
Risk management is an important concept that many employees, managers, and stakeholders refer to when they are concerned about the effects of a certain move on reaching key objectives. Risk management is important because it gives the ability to figure out methods for which events can be managed, especially those events that may have an adverse impact on the financial or human capital of the organization. Risk management should always be thought of as a process which is continuous. Not only does it allow one to assess risk, but it also gives us the ability to identify risk as well….