Understanding Risk Management
moh2024-10-31T14:33:52+00:00Table of Contents What is Risk Management? Project Risk Management Risk Identification Risk Assessment Risk Prioritization Risk Response Planning Risk Monitoring and Control Why is Risk Management Important Prevents Losses Improves Decision Making Enhances Performance Increases Resilience Compliance and Legal Protection Risk Mitigation and Monitoring Preventive Actions Contingency Planning Risk Transfer Risk Response Strategies and Treatment Risk Avoidance Risk Reduction Risk Sharing Risk Acceptance What is 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. It is a fundamental aspect of [...]