risk management
Definition
Policies, procedures, and practices involved in identification, analysis, assessment, control, and avoidance, minimization, or elimination of unacceptable risks. A firm may use risk assumption, risk avoidance, risk retention, risk transfer, or any other strategy (or combination of strategies) in proper management of future events.
risk management is in the Decision Making, Problem Solving, & Strategy, Disaster Planning & Risk Management and Entrepreneurship, Management, & Leadership subjects.
risk management appears in the definitions of the following terms:
hedging,
Margrabe option,
risk analysis,
risk engineering,
risk sharing,
self insurance,
asset liability management,
risk assumption,
loss control,
insurance
and
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