Risk Management 

Numerous corporations have established a risk management process.  Learn what that process entails and how to anticipate and manage threats to business success.  Risk management helps to identify steps to avoid, and/or eliminate or reduce impact of risks occurring.  Every business must be prepared for issues that may arise. The process is comprised of the following:

1          Defining the context of decisions and related goals

2          Identifying the risks associated with the goals

3          Analyzing and assessing the identified risks

4          Developing alternative actions

5          Making a decision among alternatives and implementing that decision

6          Monitoring and reporting