Risk management
Risk management is management of unpredictable events that have adverse consequences for a firm.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Risk management. Involves the management of unpredictable events that have adverse consequences for a firm.
According to the HRBoK Guide,
- Risk management. Assessing and preventing threats. The process of analyzing potential threats and deciding how to prevent them.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
