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- Dictionaryrisk management
noun
- 1. (in business) the forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact.
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noun
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Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Wikipedia