Introduction to Risk Management

Risk management has become an integral part of every business model as organizations are global and the market situation is becoming more dynamic. According to ISO 31000, the risk is "the effect of uncertainty on objectives". This "effect" may be positive or negative. Therefore, risk management can be used to minimize, monitor and control the identification process, then rating and then prioritize the various risks and the likelihood and impact of such unfortunate events by coordinating the use of all resources. in order to maximize profits from potential opportunities. Risks may arise from uncertainties in the financial markets, legal obligations, project failures, credit risks, natural accidents and disasters or even deliberate attacks

The Project Management Institute, the National Science and Technology Institute, ISO standards and actuarial societies. Methods and methods for calculating risk range from range to range. The definition of risk may be different for security and engineering projects. This is also different in different sectors. For financial portfolios, public health and security, project management, etc. There are different standards.

There are many strategies for dealing with risks that may differ from industry to industry. Various strategies include transferring risk to another company, avoiding expected risks, implementing plans to reduce the negative effects of risk, and ultimately accepting any or all of the consequences of risk.

there are brilliant standards of risk management that have increased the confidence and stability of estimates and decisions on risks and risks, some of them being criticized for failing to improve either in reducing or preventing such risks in the first place .

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