Risk management

noun

noun ·Uncommon ·Advanced level

Definitions

Noun
  1. 1
    The process of determining the maximum acceptable level of overall risk to and from a proposed activity, then using risk assessment techniques to determine the initial level of risk and, if this is excessive, developing a strategy to ameliorate appropriate individual risks until the overall level of risk is reduced to an acceptable level. uncountable

    "2002: InsTech.info, LLC, A short history of risk management: 1900 - 2002 at http://www.instech.info/utaustin/DOWNLOADS/Hist_of_RM_2002.pdf 1921: Frank Knight publishes Risk, Uncertainty and Profit, a book that becomes the keystone in the risk management library."

Synonyms

All synonyms
contingency planningcorporate stabilityexception handlingflammable liquids handlingforethoughthazard aware

Example

More examples

"2002: InsTech.info, LLC, A short history of risk management: 1900 - 2002 at http://www.instech.info/utaustin/DOWNLOADS/Hist_of_RM_2002.pdf 1921: Frank Knight publishes Risk, Uncertainty and Profit, a book that becomes the keystone in the risk management library."

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