What is risk management?
Risk management is the comprehensive method of assessing, identifying, controlling and communicating risks. It is an integral part of successful strategic corporate planning and management. Effective risk management supports the company in securing its goals and minimizing or eliminating potential threats to success. Risk management should help to make the right decisions in the face of uncertainty. Risk-optimized decision-making processes enable the company to maintain its business operations without disruption or to recover more quickly after a loss. At the same time, the costs of risk management itself are minimized.
