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Risk management

  • Writer: Ade McCormack
    Ade McCormack
  • Jul 28
  • 1 min read

What is Risk management?

Risk management is an approach to minimising, avoiding or eliminating risk. Traditional organisations see risk as something to be avoided as it threatens the smooth running of the processes and thus is likely to impact efficiency and thus profitability.


Intelligent organisations recognise that whilst taking unnecessary risks is unwise, there needs to be some degree of risk acquisition if the organisation is to be prepared for an increasingly uncertain world.


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