Fundamentals of Risk Management notes

1. What is meant by Risk Management? Risk management is the systematic process of identifying, assessing, organizing, and minimizing risks within an organization. It entails identifying potential threats and opportunities that may have an impact on an organization's objectives, assets, or operations. The goal of risk management is to reduce negative consequences while capitalizing on positive opportunities, ultimately improving the organization's ability to achieve strategic goals while prote...

1. What is meant by Risk Management? Risk management is the systematic process of identifying, assessing, organizing, and minimizing risks within an organization. It entails identifying potential threats and opportunities that may have an impact on an organization's objectives, assets, or operations. The goal of risk management is to reduce negative consequences while capitalizing on positive opportunities, ultimately improving the organization's ability to achieve strategic goals while prote...