MANAGEMENT

Detailed explanation-1: -Risk management is the process of identifying, assessing and controlling financial, legal, strategic and security risks to an organization’s capital and earnings.

Detailed explanation-2: -Risk management is the process of identifying, analyzing, and mitigating risks to your project. It’s important to include risk management as part of your overall project planning. By doing so, you can avoid or minimize potential problems and ensure your project is successful.

Detailed explanation-3: -Risk management is the process of identifying, assessing and controlling threats to an organization’s capital and earnings. These risks stem from a variety of sources, including financial uncertainties, legal liabilities, technology issues, strategic management errors, accidents and natural disasters.

Detailed explanation-4: -In business, IT risk management entails a process of identifying, monitoring and managing potential information security or technology risks with the goal of mitigating or minimising their negative impact.

Detailed explanation-5: -There are four common risk mitigation strategies. These typically include avoidance, reduction, transference, and acceptance.