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Risk management
Description
Risk management is the identification, assessment, and prioritization of risks.
Reference: https://en.wikipedia.org/wiki/Risk_management
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Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 [1] as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risk management’s objective is to assure uncertainty does not deflect business goals.
Author: Weber Benno 17:38, 10 February 2016 (CET)
