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 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-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 identification might be better called risk discovery and elucidation. The primary objective is to search out and identify any and all risks that may exist.