risk management definition

risk management means coordinated activities to direct and control an organization with regard to risk.
risk management means the process, distinct from risk assessment, of weighing policy alternatives in consultation with interested parties, considering risk assessment and other legitimate factors, and, if need be, selecting appropriate prevention and control options;
risk management means the systematic identification of risk and implementation of all measures necessary for limiting exposure to risk. This includes activities such as collecting data and information, analysing and assessing risk, prescribing and taking action and regular monitoring and review of the process and its outcomes, based on sources and strategies defined by the Contracting Parties or internationally.

Examples of risk management in a sentence

  • Records include: ○ Course waiver ○ Workshop report form ○ Student evaluations ○ Photos and descriptive summary of the workshop experience ○ Risk management protocol ● Recognize that Stone Trust materials are the property of the Stone Trust and may only be reproduced with the permission of the Stone Trust.

  • Risk management zones and recommended strategies for each zone are illustrated in Table 5.

  • Risk management The project management contractor is responsible for proactive identification, assessment, and prevention of risks involved in the construction project.

  • Risk Management Risk management is an integral part of the management of our investments.


More Definitions of risk management

risk management. The systematic identification, assessment, planning, and management of threats and opportunities faced by FHWA projects and programs.
risk management means an integrated system-wide program to ensure the safety of individuals, employees, visitors, and others through identification, mitigation, early detection, monitoring, evaluation, and control of risks.
risk management means the process of identifying, evaluating, reducing, transferring, and eliminating risks. Risk Management includes, but is not limited to, various methods of funding claims payments, purchasing insurance, legal defense of claims, controlling losses, and determining self-insured retention levels and the amount of reserves for potential claims.
risk management means the systematic identification of risk, including through random checks, and the implementation of all measures necessary for limiting exposure to risk;
risk management means the systematic identification of risk and implementation of all measures for limiting exposure to risk. This includes activities such as collecting data and information, analyzing and assessing risk, prescribing and taking action and regular monitoring and review of the process, based on international and international sources and strategies.
risk management means the process, distinct from risk assessment, of evaluating policy alternatives, in consultation with all interested parties considering risk assessment and other factors relevant for the protection of health of consumers and for the promotion of fair trade practices, and, if needed, selecting appropriate prevention and control options;
risk management. ’ means the system- atic application, by the owner or operator of a pipeline facility, of management policies, pro- cedures, finite resources, and practices to the tasks of identifying, analyzing, assessing, re- ducing, and controlling risk in order to pro- tect employees, the general public, the envi- ronment, and pipeline facilities;