Risk management is the process of identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events. It is a critical component of organizational strategy, particularly in finance, project management, and cybersecurity.
Submit a RequestEffective risk management is essential for organizational success. By systematically identifying, assessing, and mitigating risks, organizations can protect their assets, ensure compliance, and enhance overall resilience against uncertainties.