What is Risk Management?


Risk Management is an iterative process to meet compliance requirements. It is based on international standards and regulatory guidance, which provide systematic approach to implement risk management within a project.

Broadly, risk management process can be classified and sub-classified as follows:

  1. Risk Assessment
    1. Risk Identification
    2. Risk Analysis
    3. Risk Evaluation

 

  1. Risk Control
    1. Risk Reduction/Mitigation
    2. Risk Acceptance

 

  1. Risk Review

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