Decisions about whether an assessed risk is sufficiently high to present a public health concern and about the appropriate means for control of a risk judged to be significant. The process of evaluating and selecting alternative regulatory and non-regulatory responses to risk. The selection process necessarily requires the consideration of legal, economic, and behavioral factors.

The practice of evaluating and managing the risks to which a particular business or organization may be exposed.

The process by which risk is reduced or controlled. Risk assessment information is used, along with other information, such as values, cost, and feasibility, to arrive at a risk management decision.

The disciplines of identifying and assessing risks to a project, then taking action to reduce the likelihood that these risks will materialise, and producing Contingency plans in case they do occur.

Risk management is the process of identifying, assessing and treating risk to minimise the impact of uncertain events.

An organized assessment and control of project risks. [D01682] RMW See also Risk and Contingency Management [D01717] The art and science of identifying, analyzing and responding to risk factor s throughout the life of a project and in the best interests of its objectives. [D01735] PMK87 Organized control of risks. [D01734] NPMT The overall process of managing risk including risk identification, risk analysis, risk reduction, risk transfer, risk avoidance and contingency planning. [D03939] PNG System atic application of policies, procedure method s and practice s to the task s of identifying, analyzing, evaluating, treating and monitoring risk. [D04509] APM BS The process whereby decision s are made to accept known or assessed risks and /or the implementation of action s to reduce the consequences or probability of occurrence. [D04510] APM BS The process of managing risks identified in the risk review using the risk mitigation strategies in the risk response plan. [D05104] RAMP

The process of analyzing, selecting, implementing, and evaluating actions to reduce risk.

In the KarstadtQuelle Group the corporate segments autonomously analyze and control their respective business risks on the basis of a Groupwide risk management system.

The process of deciding whether and how to manage risks. Public risk management requires consideration of legal, economic, and behavioral factors, as well as environmental and human health effects of each management alternative. Management may involve regulatory and non-regulatory responses. For example, characterizing the risk to farm workers of entering a field after application of a particular pesticide is risk assessment; promulgating reentry standards is risk management. The federal government has played an active role over the years in helping farmers manage risk. Two major risks faced by agricultural producers are production risks and price risks, and the USDA has assisted with federal crop insurance and commodity programs. The Risk Management Agency is now helping farmers utilize other risk management tools.

the implementation of the most appropriate measures to minimize the identified risks and mitigate their effects while achieving the anticipated results. [BSWG/2/5: Report of Panel of Experts on Biosafety]- refers to the ways that appropriate methods are applied in order to minimize risks and should not be determined by and in proportion to the results of the risk/safety analysis. It does not include broader considerations of a political, socio-economic, value and/or ethical nature. [BSWG/2/5: Safety Considerations for Biotechnology Scale-up of Crop Plants OECD 1993]- the measures to ensure that the production and handling of an organism is safe. [BSWG/2/5: UNEP International Technical Guidelines for Safety in Biotechnology

The application of managerial techniques concerned with the identification, measurement, control, and minimization of uncertain events.

The process of deciding which action to take when a risk assessment indicates that a danger of loss exists. Risk management includes a range of actions (e.g., prevention, mitigation, preparedness, recovery) that are designed to mitigate an increasing risk of natural and technological hazards; decrease a risk to existing levels; and plan ways to respond to natural and technological hazards as well as catastrophic events. (Landesman definition).

The process by which assessed risks are mitigated, minimized or controlled through engineering, management or operational means. This involves the optimal allocation of available resources in support of group goals.

The identification, measurement, and treatment of property, liability, and personal loss exposures; includes analysis of potential risk situations and insurance needs, as well as the amount of financial coverage needed to protect the University.

the "art" of weighing the assessed risks (i.e., the likelihood of a potential loss to an environmental, social or economic value) against the expected benefits that may be gained from that action or decision.

The systematic application of management policies, procedures and practices to the tasks of identifying, analysing, assessing, treating and monitoring risk. (AS/NZS 4360:1995)

The process by which risk assessment results are used with other information to make regulatory decisions. Risk management asks, "What shall we do about this risk?" See also "Risk assessment" and "Ecological risk assessment."

The process of making decisions about whether an environmental risk is sufficiently high to present a significant public health concern and about the appropriate means for control of such a risk. Risk management incorporates consideration of political, social economic and engineering information in addition to risk information to develop, analyze and compare regulatory options and select the appropriate regulatory response to a potential health hazard. CA

Process undertaken by the exchange to identify, quantify and, where appropriate, mitigate the risks inherent in clearing or trading TradeSports contracts.

The practice of planning for and reducing risk.

A systematic approach used to identify, evaluate, and reduce or eliminate the possibility of an unfavorable deviation from the expected outcome of medical treatment and thus prevent the injury of patients as a result of negligence and the loss of financial assets resulting from such injury.

A management discipline which seeks to protect the assets and profits of a company by various methods, such as risk control and risk financing.

the process of managing risks identified in the risk review using the risk mitigation strategy and the risk response plan.

The process of identifying risks, assessing their implications, deciding on a course of action and evaluating the results.

The process to identify, control, and minimize the impact of uncertain events. The objective of the risk management program is to reduce risk of surgical error or adverse effects on a patient.

Risk analysis, risk assessment and actually dealing with the threat, be it reactive, proactive or preventative action.

Decision-making process and procedures used by regulators and others to limit potential risks from use of pesticides. This involves risk assessment, emission control, exposure control and evaluation of the success of the risk mitigation efforts.

The total process to identify, control, and minimize the impact of uncertain events. The process facilitates the management of security risks by each level of management throughout the system life cycle. The approval process consists of three elements: risk analysis, certification, and approval.

Risk management in Defra means having in place a corporate and systematic process for assessing and addressing the impact of risks in a cost-effective way and having staff with the appropriate skills to identify and assess the potential for risks to arise.

The process of understanding and managing the risks that the organisation is inevitably subject to in attempting to achieve its corporate objectives. For management purposes, risks are usually divided into categories such as operational; financial; legal compliance; information; personnel.

Process of identifying and monitoring business risks in a manner that offers a risk/return relationship that is acceptable to an entity's operating philosophy.

Management of the risks to assets through the identification, selection and use of countermeasures, justified by the identified risks in terms f their potential impact upon services if failure occurs, and the reduction of those risks to an acceptable level.

The total process to identify, control, and minimize the impact of uncertain events. The objective of the risk management program is to reduce risk and obtain and maintain DAA (Designated Approving Authority) approval.

the process of detecting, assessing, and controlling risk arising from operational factors and making decisions that balance risk costs with mission benefits.

The use of strategies to control or reduce financial risk. An example is a stop-loss order which minimizes maximum loss.

Procedures to minimize the adverse effect of a possible financial loss by identifying potential sources of loss, measuring the financial consequences of a loss occurring, and using controls to minimize actual losses or their financial consequences.

The process of analyzing exposure to risk and determining how to best handle such exposure. see also asset-liability management, financial planner, management.

human actions that are directed towards modification of the probability that a hazard will be converted into an event and eventually into a disaster.

Controlling the probability, and/or the severity, of a potential adverse event so that the consequences of that event are within acceptable limits. Since all risks have, by definition, the potential to generate losses, and since capital is the ultimate protection against failure resulting from losses, the underlying basis of risk management is equivalent to managing solvency risk.

The total process of identifying, controlling, and eliminating or minimizing uncertain events that may affect Information Technology system resources.

The practice of identifying and avoiding, accepting or offsetting threats to the profitability of an organisation.

All the ways and means used to avoid accidental loss or to reduce its consequences if it does occur.

using a set of management policies, procedures and practices to identify, analyse, assess, deal with and monitor risk.

A management approach designed to prevent and reduce risks, including business process and system development risks, and to lessen the impact of their occurrence. The objective is to identify the risks and mitigate to an acceptable level while considering the risk impact, probability and cost of mitigation implementation options.

Each requirement in the Analysis phase is examined and an estimate is made of the risk associated with it (for example, high, medium and low). Explicit risk assessment is a good way to identify requirements that will cause downstream development problems. Requirements that have both high risk and high priority deserve special attention.

A process to assess potential problems (risks), determine which risks are important to deal with, and implement strategies to reduce the likelihood or consequences (impact) of those problems.

a leader in providing a broad range of traditional and customized property and casualty risk transfer products, including captive management services to the top U

A discipline for dealing with the possibility that the future may be surprisingly different from what we expect (see Strategic risk management).

The procedures used to identify, assess, control and finance accidental loss; the management of the risks to which an organization might be subject; and the application of resources to reduce and finance identified loss exposures. PureShare ActiveMetrics, a proactive metrics management application, helps monitor risk exposure and insurance claims.

Process of identifying, controlling, and eliminating or reducing risks that may affect IT resources.

A systematic approach to identifying, addressing and reducing risks of all kinds associated with hazards and human activities.

identification of risks or threats, implementation of security measures, and monitoring these measures for effectiveness

We are familiar with risk through experience. Developers want the contractor to take the risk on price, quality and timescale. Both parties need to understand the impact of that risk on price (there is no "free lunch") and also when the risk cannot be properly foreseen or managed.

The identification, documentation and implementation of the measures that can be applied to reduce risks and their consequences. (from OIE 2003a)

Identification, evaluation and contril of risk

The culture, processes and structures that are directed towards the effective management of potential adverse effects. For IT, this is the effort aimed at minimising the chances of a security breach and its potentially adverse effects. The practice of Risk Management is aimed at those who seek to manage risk well.

The overall process of ensuring that risks are managed in the most cost-efficient and cost-effective way.

Identification, quantification and risk controls as a service to minimise risk by applying various instruments.

Strategies for dealing with risks, including avoidance, acceptance and reduction. Preceeded by Risk Assessment to take place. Based on Field and Keller, Project Management

Identifying, managing and measuring risk.

at the highest level, it involves the identification and mitigation of those risks that have the potential to affect adversely the achievement of agreed output performance at the agreed output price.

A decision-making process that entails considerations of political, social, economic and engineering information with risk-related information to develop, analyse, and compare regulatory options in order to select the appropriate regulatory response to a potential health hazard.

the identification, assessment and reduction of risks associated with the activities with which we are involved.

"Risk management" is the term given to the process that we use to identify, analyze, and manage risk during 4-H activities. The objective of risk management is the protection of our financial, physical, and human resources and assets from loss or destruction.

the culture, processes and structures that are directed towards the effective management of potential opportunities and adverse effects. 14.0

Financial analysis and trading techniques used to control and/or reduce exposure to risk.

Risk Management is a comprehensive program designed to minimize the risk an employer faces, both from internal lawsuits from their own employees, and from external lawsuits from third-parties. It also covers different kinds of life insurance and disability insurance, directors and officers insurance, and other critical areas of risk management. See our Risk Management & Property and Casualty Insurance section for more information.

The process of managing the risks associated with a project so that if any risk occurs, the impact to the project is minimised.

The implementation of a strategic process that reduces the likelihood of risks being realised to acceptable levels.

Process concerned with the identification, measurement, control, and minimization of security risks in information systems.

The practice of identifying and analyzing risk or losses and taking those measures necessary to minimize the real or potential losses to levels acceptable to the organization. The risk management function can be broken down into four steps: Identification and analysis of loss exposures; Selection of the appropriate mechanism(s) to reduce or, if possible, eliminate the possibility of loss; Implementation of the chosen technique(s); and Monitoring and review of the results.

Controls put in place to ensure effective management of potential risks, hazards, incidents, complaints and claims.

The selection of those risks a business should take, and those which should be avoided or mitigated, followed by action to avoid or reduce risk.

Identification of those factors which may impact on an agency's ability to meet its service delivery objectives, and putting in place strategies that help manage those factors. NSW Treasury has responsibility for overseeing this area, and can help agencies identify how their existing strategies are working, and where and how they can be improved.

The selection and implementation of a strategy of control of risk, followed by monitoring and evaluation of the effectiveness of that strategy. Risk management may include direct remedial actions or other strategies that reduce the probability, intensity, frequency or duration of the exposure to contamination.

An event, factor or action that may cause harm or loss; a hazard; a project planning step in which these possibilities are identified and prioritized in terms of probability and impact. The risk identification step is followed by a "what if" analysis and recommended contingency plans.

The process of managing the chance or possibility of danger, loss, injury or other adverse consequences.

A management technique used to identify and analyse potential risks, and to implement appropriate responses.

The management of metal price risk on an ongoing basis by the use of LME futures and options with a view to containing the impact of adverse price movements and enhancing profitability. The concept is an extension of the more simple type of hedging whereby the pricing of specific transactions is offset or fixed.

An organized, systematic decision making process that efficiently identifies, analyzes, plans, tracks, controls, communicates, and documents risk to increase the likelihood of achieving program/project goals (source - NPR 7120.5).

The risk management products, or derivatives, allow project companies to hedge currency, interest rate, or commodity price exposure. Some of them are currency and interest rate swap, options and forward contracts and derivatives.

Is the practice of adjusting exposures for the firm's positions or portfolios. It tries to stabilize variability of returns while trimming large - dominant - net exposures as well. It can also be used to secure more favorable financing for inventories or pricing of securities or commodities. See the following features for more information: Illustrative RAMS® Graphics and Tables. How Far with VAR (Value at Risk). More about Risk Management. Risk Management and Analysis Software. RAMS® Executive Summary. Risk Management Tutor 101.

The level of exposure to financial loss that death or disability would bring to an individual, that can be managed by using a professional insurer.

A systematic framework for assessing, managing and reducing the risks connected with providing healthcare.

The process of evaluating alternative regulatory and non-regulatory responses to risk and selecting among them. The selection process necessarily requires the consideration of legal, economic and social factors.

A continuous, five-step process that provides a systematic method for identifying and managing the risks associated with any operation.

To hedge one?s risk they will employ financial analysis and trading techniques.

Broadly, the practice of identifying Exposure to loss and addressing such exposure by assuming the risk (possibly through a formal self-insurance program), transferring risk to another party, eliminating or reducing the risk through loss control programs, or buying insurance. Some or all of these strategies can be employed at the same time.

An element of a transit systemÕs safety management program. Includes identification and evaluation of potential safety hazards for employees, passengers and the public.

The management of the various risks that might affect a business firm. Its purpose is to identify potential loss situations and control or reduce them through insurance, elimination of risk, or improved or additional safety practices.

The process of actively monitoring /controlling exposure to various types of risks while attempting to maximize returns. Typically involves utilizing a variety of trading techniques, models and financial analyses.

the process of considering social, cultural, economic, and political concerns in the process of problem formulation and also monitoring the risk assessment throughout its various stages

The complete process of Risk analysis, Risk assessment, options appraisal and implementation of Risk management measures

systematic application of policies, procedures, methods and practices to the tasks of identifying, analysing, evaluating, treating and monitoring risk. (The process whereby decisions are made to accept known or assessed risks and /or the implementation of actions to reduce the consequences or probability of occurrence.)

The process of deciding how and to what extent to reduce or eliminate risk factors by considering the risk assessment, engineering factors (Can procedures or equipment do the job, for how long and how well?), social, economic and political concerns.

The process of identifying, controlling, minimising or eliminating the effects of uncertain events.

a ongoing management activity during which project risks are identified, analyzed, monitored, and risk avoidance and mitigation tasks are identified and documented.

The identification and acceptance or offsetting of the risks threatening the profitability or existence of an organisation. With respect to foreign exchange involves among others consideration of market, sovereign, country, transfer, delivery, credit, and counterparty risk.

Processes designed to reduce the probability of adverse outcomes.

a process of making decisions with a level of control that includes assessing potential pitfalls and hazards, creating alternative plans in case they're needed, and monitoring to maintain an achievement level for maximum success more from Googled definition+of+risk+management. Also, see the SLA/about risk file. definition of risk management defined essentials for successful risk management what is the meaning of risk management what does risk management mean

The culture, processes and structures that are directed towards realising potential opportunities whilst managing adverse effects... AS/NZS 4360 Risk Management...

control and limitation of the risks faced by an organisation due to its exposure to changes in financial market variables, such as foreign exchange and interest rates, equity and commodity prices or counterparty creditworthiness. It may be necessary because of the financial impact of an adverse move in the market variable (market risk); because the organisation is ill-prepared to respond to such a move (operational risk); because a counterparty defaults (credit risk); or because a specific contract is not enforceable (legal risk). Market risks are usually managed by hedging with financial instruments, although a firm may also reduce risk by adjusting its business practices (see natural hedge). While financial derivatives lend themselves to this purpose, risk can also be reduced through judicious use of the underlying assets – for example, by diversifying portfolios.

A general term for the various techniques available to an organization to control and minimize the chance of liability to a third party. It includes insurance, education, documentation and a variety of other means. The term includes both risk prevention and the handling of risk events when they occur.

The process, distinct from risk assessment, of weighing policy alternatives, in consultation with all interested parties, considering risk assessment and other factors relevant for the health protection of consumers and for the promotion of fair trade practices, and, if needed, selecting appropriate prevention and control options.

The use of insurance and other strategies in an effort to minimize an organization’s exposure to liability in the event a loss or injury occurs.

Systematic procedure for identifying and assessing risks as well as selecting and implementing measures to handle the risks.

A set of practices designed to effectively identify, prioritize and monitor risks and plan for their mitigation.

The identification and acceptance or offsetting of the risks threatening the profitability or existence of an organisation. With respect to commercial foreign exchange, correct risk management involves thorough financial analysis of the market and client's position and use of appropriate currency strategies.

The employment of financial analysis and use of trading techniques to reduce and/or control exposure to financial risk.

A security philosophy which considers actual threats, inherent vulnerabilities, and the availability and costs of countermeasures as the underlying basis for making security decisions (JSCR 1994).

A decision-making process involving considerations of political, social, economic, and technical factors with relevant risk assessment information relating to a hazard so as to develop, analyse, and compare regulatory and non-regulatory options and to select and implement the optimal decisions and actions for safety from that hazard. Essentially, risk management is the combination of three steps: 1) risk evaluation; 2) emission and exposure control; and 3) risk monitoring.

The tasks and plans that help avoid security risk, and if security is breached, helps minimize damage.

All actions taken to identify, assess, and eliminate or reduce risk to an acceptable level in selected areas (e.g., cost, schedule, operations, technical, producibility).

All plans and actions taken to identify, assess, mitigate, and continuously track, control, and document program risks.

Certain transaction data is checked in order to minimize the risk of fraud.

Management of the pure risks to which a company might be subject. It involves analyzing all exposures to the possibility of loss and determining how to handle these exposures through such practices as avoiding the risk, retaining the risk, reducing the risk, or transferring the risk, usually by insurance.

The process of taking actions to avoid risk or reduce risk to acceptable levels.

The identification, assessment, allocation, mitigation and monitoring of risks associated with a project.

A systematic five-step process to identify, measure, and protect against the possibility of accidental damage, known as loss exposure, confronting us or our owned or managed properties.

To identify risks and undertake preventive methods to reduce the probability of their occurrence.

A risk is a potential problem. Managing the situation so that minimum loss or damage will result if the risk materializes.

Covers all the processes involved in identifying, assessing and judging risks, assigning ownership, taking actions to mitigate or anticipate them, and monitoring and reviewing progress.

The process of actually trying to reduce risk, e.g., from a toxic chemical, and/or of trying to keep it under control. Risk management involves not just taking action, but also analyzing and selecting among options and then evaluating their effect.

The identification, selection and adoption of countermeasures justified by the identified risks to assets in terms of their potential impact upon services if failure occurs, and the reduction of those risks to an acceptable level.

Decisions made to accept exposure or to reduce vulnerabilities by either mitigating the risks or applying cost effective controls.

A proactive, formalized process for decision-making and actions to continuously assess what can go wrong, determine what risks are important to address, and implement strategies to deal with those risks.

The systematic evaluation of the water supply system, the identification of hazards and hazardous events, the assessment of risks, and the development and implementation of preventive strategies to manage the risks.

a process of systematically identifying hazards, assessing and controlling risks, and monitoring and reviewing activities to make sure that risks are effectively managed.

Trying to control outcomes to a known or predictable range of gains or losses. Risk management in investing is ensuring that you understand as many of the possible outcomes as possible and that you have prepared your portfolio for these outcomes. Risk management may be as simple as placing stop loss orders to prevent large losses or as complex as hedging positions with options or diversifying a portfolio to ensure that you are not overexposed to a single industry or instrument type.

The systematic identification of a company's exposures to the risk of loss, and with decisions on the best methods for handling these exposures in relation to corporate profitability.

The integration of risk assessment and risk reduction in order to optimize the probability of success (that is, minimize the risk).

The active identification, evaluations, and management of all the potential hazards and exposures to loss a risk may experience. The handling of those exposures is not limited to insurance options, but includes a variety of methods such as alternative financing, retention, reduction, elimination, transfer, and/or any combination of methods.

The process of identifying, quantifying and controlling risks throughout a project.

The total process of identifying, controlling and minimizing the impact of uncertain events. In ranching, the objective is to prevent unforeseen changes in economic, social, climatic, or political conditions from having a negative effect on the financial future of an operation.

Evaluation and selection of appropriate property and other Insurance.

the process of minimizing accidents and liable situations.

An organized program that removes and controls elements that can contribute to the avoidance of exposure to risks and the minimization of liability exposure.

means the process, distinct from risk assessment, of weighing policy alternatives in consultation with interested parties, considering risk assessment and other legitimate factors, and selecting appropriate prevention and control options. Page top

Procedures for controlling risks in relation to the management of financial assets and liabilities.

The process of weighing policy to accept, minimise or reduce assessed risk and to select and implement appropriate options.

the employment of financial analysis and trading techniques to reduce and/or control exposure to various types of risk.

a systematic approach to setting the best course of action under uncertainty by identifying, assessing, understanding, acting on and communicating risk issues. [IRMF

The process of analyzing a corporation's exposure to risk and determining how to best handle such exposure.

the process of weighing policy alternatives in the light of the results of risk assessment and, if required, selecting and implementing appropriate control options, including regulatory measures.

The part of the decision making process which relies on situational awareness, problem recognition, and good judgment to reduce risks associated with each flight.

The systematic effort to prevent harm to patients and the subsequent threat of financial loss by proactively identifying, evaluating and reporting adverse events or clinical concerns

The systematic treatment of risk in order to preserve capital and income from financial loss arising from unfavourable events. This involves identifying, analysing and quantifying risks, taking measures to avoid or minimise loss, and deciding what financial treatment, such as hedging, insurance, and self insurance, is best calculated to minimise unavoidable losses.

the identification, measurement and economic control of risks that threaten the assets of a business or other enterprise.

minimizes possible financial loss by identifying potential sources of loss, measuring the financial consequences of a loss, and creating a risk management plan for actual losses and their financial consequences. Savings amount of money put aside for later use.

The process of identifying and evaluating risks and selecting and managing techniques to adapt to risk exposures.

A process used to identify potential problems before they occur, so that actions can be taken to reduce or eliminate the likelihood or impact of these problems should they occur

Describes the processes concerned with identifying, analysing and responding to project risk. It consists of risk identification, risk analysis, risk evaluation and risk treatment. The processes are iterative throughout the life of the project.

The process of analyzing exposure to risk and determining how to best handle such exposure. Typically includes insurance as means of mitigation.

Measures taken to minimise risk e.g. removal of flowers to eliminate cross pollination of nearby crops.

A compulsory system for public limited companies under the German Business Monitoring and Transparency Act (KonTraG), in force since April 1998, for the early identification of risks threatening the company's survival.

Case management of an offender that minimizes the risk to the public by addressing the risk areas of a particular offender. This may include supervision, special conditions, treatment, or any combination of these.

The culture, processes and structures that are put in place to effectively manage potential opportunities and adverse effects.

A systematic approach to dealing with insurable and non-insurable risks facing an organization. An alternate definition is that risk management is a decision-making process that identifies exposures and creates programs to deal with them.

Management of the varied risks to which a business firm or association might be subject. It includes analyzing all exposures to gauge the likelihood of loss and choosing options to better manage or minimize loss. These options typically include reducing and eliminating the risk with safety measures, buying insurance, and self-insurance.

Is the continual process of identifying, assessing, recording and responding to risks facing an organisation in a controlled framework.

The identification and assessment of the risks to which an organisation is exposed and the selection of the most effective way to protect assets and minimise potential losses.

The systematic management of administrative decisions, organisation, operational skills and responsibilities to apply policies, strategies and practices for disaster risk reduction.

Process of applying strategies to assess a large claim's potential cost accordingly. The goal is to reduce claim costs, provide quality services and assure optimum outcomes.

the business discipline applied by large commercial and industrial organisation to manage those risks which can cause losses.

The process of evaluating and selecting alternative regulatory and non-regulatory re- sponses to risk. The selection process necessarily requires the consideration of legal, economic, and be- havioral factors.

The monitoring and controlling of various risk factors in an investment portfolio with the aim of minimising volatility of investment returns.

Systematic process of identifying, assessing and monitoring various financial risk factors and of selecting and implementing measures to handle them.

A decision making process that accounts for political, social, economic and engineering implications together with risk-related information in order to develop, analyze and compare management options and select the appropriate managerial response to a potential chronic health hazard.

managing various risk factors in an investment

Systematic procedure for identifying and measuring potential risks and for selecting and implementing actions for dealing with risks.

Risk is the likelihood of things going wrong and what could happen if they do. For example, an RSL's financial position or its reputation could be damaged by a previously untried activity.Risk management refers to the systems which a landlord has in place to assess and guard against risk from its development, management or funding activities, e.g., insurance policies.

Systematic measures taken to reduce the potential for business losses.

The process of weighing policy alternatives and selecting the most appropriate regulatory action integrating the results of risk assessment with engineering data and with social and economic concerns to reach a decision.

Systematic process for the identification and evaluation of pure loss exposures faced by an organization or individual, and for the selection and implementation of the most appropriate techniques for treating such exposures.

The total process of identifying, measuring, controlling, and eliminating or minimizing uncertain events that may affect system resources. Risk management encompasses the entire system life-cycles and has a direct impact on system certification. It may include risk analysis, cost/benefit analysis, safeguard selection, security test and evaluation, safeguard implementation, and system review. See also: Risk Analysis, Risk Assessmen

Control and limitation of the risks faced by an organization due to exposure to changes in financial market variables (i.e. foreign exchange and intereste rates), equity and commodity prices or counterparty creditworthiness. Frequently risk management involves: identifying the source of exposure, quanifying the exposure, assessing the capability to manage the exposure internally, selecting appropriate risk management products.

The active management of the level of financial risk incurred by an investor; often involving the use of hedging and derivatives to balance exposure to different risks and returns across a portfolio.

A systematic approach to identifying and separating insurable risks from non-insurable risks, and evaluating the availability and costs of purchasing third-party insurance

A management discipline focusing on the protection of the assets (people, tangible & intangible) of an organization by reducing the potential for losses (risk control), and financing, through insurance and other means, potential exposures to catastrophic loss, such as acts of God, human error, or court judgments. The process consists of several steps: 1) risk or exposure identification; 2) measurement and evaluation of exposures identified; 3) control of those exposures through elimination, avoidance, reduction, or risk transfer: 4) financing of remaining exposures, so that in the event of a major loss, the entity can continue to function without severe hardship to its financial stability.

Risk Management is an iterative process, which ensures that reasonable and cost-effective steps are taken to protect the confidentiality of information stored, processed, or transmitted electronically; the integrity of the information and related processes; and, the availability of the information, systems and services against accidental and deliberate threats.

The process of evaluating policy alternatives in view of the results of risk assessment and selecting and implementing appropriate options to protect public health. Risk management determines what action to take to reduce, eliminate, or control risks. This includes establishing risk assessment policies, regulations, procedures, and a framework for decision making based on risk.

The strategy of monitoring and offsetting various risk factors in an investment portfolio with the aim of stabilising investment returns.

Term to describe when a trader will use analysis and other trading techniques to avoid substantial risks to his portfolio.

A comprehensive program of activities to identify, evaluate, and take corrective action against risks that may lead to patient or employee injury, and property loss or damage with resulting financial loss or legal liability.

Practices by which a firm optimizes the manner in which it takes financial risk.