MANAGEMENT

Detailed explanation-1: -Risk management is the process of identification, analysis, and acceptance or mitigation of uncertainty in investment decisions. Risk is inseparable from return in the investment world.

Detailed explanation-2: -Risk management can be defined as the process of identification, analysis and either acceptance or mitigation of uncertainty in investment decision making.

Detailed explanation-3: -Risk identification (RI) is a set of activities that detect, describe and catalog all potential risks to assets and processes that could have negatively impact business outcomes in terms of performance, quality, damage, loss or reputation.

Detailed explanation-4: -Risk is seen as the uncertainty that is involved in investment decisions, this is why Hubbard (2009) considers uncertainty as a lack of certainty which is expressed in probabilities with different possible outcomes. He considers risk as risk without uncertainty and uncertainty as without risk.

Detailed explanation-5: -Risk analysis is the process of identifying and analyzing potential future events that may adversely impact a company. A company performs risk analysis to better understand what may occur, the financial implications of that event occurring, and what steps it can take to mitigate or eliminate that risk.