What is Risk Management ?
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.
Risk management process
- Identify the risks
- Analyze the likelihood and impact of each one
- Prioritize risks based on business objectives
- Treat (or respond to) the risk conditions
- Monitor results and adjust as necessary
Questions Research vs Analysis
When is the last time you can remember feeling ?
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Which of the Seven Wonders of the world do you?
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If you could change careers right this second
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What makes you happiest?
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