Risk Management - Free Essay Examples and Topic Ideas

Risk management is a process of identifying, assessing, and prioritizing potential risks that can impact an organization’s operations, assets, or financial performance. Effective risk management involves implementing strategies to mitigate or transfer the identified risks while also preparing for and responding to unexpected events or crises. It is an essential function in any business or organization as it helps to minimize losses, protect assets, and ensure business continuity. Successful risk management practices require a thorough understanding of the organization’s objectives, potential vulnerabilities, and available resources.

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