What Is Risk?
Risk is the uncertainty, possibility or chance of loss. A chance occurrence that results in monetary losses makes the profit predictions of an orga...
What Is The Definition Risk Management?
Risk management is the active identification, evaluation and management of all potential hazards and exposures to loss that a risk may experience....
What Are The Major Types Of Risk?
Risk is either speculative or pure. Speculative Risk Speculative risk has two possible outcomes: the chance of gain or the chance of loss. When a b...
What Are The Steps Of The Risk Management Process?
The risk management process consists of activities organized into five sequential steps or phases: Risk Identification Risk Analysis Risk Control R...
What Is The Role Of The Risk Manager?
The risk manager's job is to identify and analyze risks and to make recommendations to management concerning how to control and finance them. To do...