risk management



The identification, analysis, assessment, control, and avoidance, minimization, or elimination of unacceptable risks. An organization may use risk assumption, risk avoidance, risk retention, risk transfer, or any other strategy (or combination of strategies) in proper management of future events.

Use risk management in a sentence

  • I like to invest my funds wisely, but I want to leave the details and headaches of investing and risk management to a professional.

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  • The company couldn't afford any more losses like the ones they had suffered in the previous quarter, so they sought out the best and brightest risk management experts to help them get back on track.

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  • The job of the fraternity member in charge of risk management was to look after his fraternity brothers at the different functions on campus so not to cause risk to property or person.

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