Risk Management

Risk Management is the process of identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events. This practice is essential in various fields, including business, finance, healthcare, and project management, where it helps organizations protect their assets, ensure continuity, and achieve objectives despite uncertainties. It involves implementing strategies to mitigate risks, such as avoiding, transferring, accepting, or reducing them. Effective risk management enables informed decision-making and helps organizations navigate potential threats and opportunities, ultimately safeguarding their interests and promoting resilience.