Learn more about Risk Management
Frequently asked questions
Risk management is the proper identification and measurement of business risks. Keeping those risks aligned with goals is important to maintaining a well-functioning organization. In the business world, risk is comprised of assets, threats, and vulnerabilities. Every action or inaction in business involves potential risk. The outcomes of specific decisions, whether positive or negative, are seldom predictable with complete certainty. Therefore, many businesses today require risk managers skilled in assessing the risks of specific business decisions. It is important to note that risk is really not a matter of fate; rather, it's something organizations can manage actively through their decision-making process by incorporating a risk mitigation framework in their strategic decision-making.