risk management

listen to the pronunciation of risk management
English - English
The process of determining the maximum acceptable level of overall risk to and from a proposed activity, then using risk assessment techniques to determine the initial level of risk and, if this is excessive, developing a strategy to ameliorate appropriate individual risks until the overall level of risk is reduced to an acceptable level

Where release is recommended, a risk management plan outlining how the offender will be managed in the community and detailing recommended licence conditions, is also submitted.

process of reducing danger and risk by choosing the safest option
Risk management is the skill or job of deciding what the risks are in a particular situation and taking action to prevent or reduce them
enterprise risk management
(Finans) In business, Enterprise Risk Management (ERM) refers to the methods and processes used by organizations to manage risks (or seize opportunities) related to the achievement of their objectives
risk management

    Hyphenation

    risk man·age·ment

    Turkish pronunciation

    rîsk mänıcmınt

    Pronunciation

    /ˈrəsk ˈmanəʤmənt/ /ˈrɪsk ˈmænəʤmənt/

    Etymology

    () This term relates very specifically to the field of study denoted by the term and as such is a usage specific term. The formal definition of risk is used.
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