What is Risk Management

The practice of identifying and analyzing potential risks in advance and taking precautionary steps to limit risk.

Refers to a systematic approach for identifying risk and defining the impact on an enterprise’s ability to provide goods and services ( Davis, 2008 ).

Activity linked to the Management Projects which deals with the monitoring and eventual combat to the risks involved in a software project.

The range of activities that may be taken to avoid the occurrence of an undesirable event or to modify, minimize, or eliminate the consequences should the event occur (e.g., an insurance policy against particular risks would not prevent the occurrence, but would compensate for the financial and other consequences of the outcome).

Defining and implementing procedures to assess the risks faced by an organization, with the goal of taking appropriate preventive measures.

Is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events

A business process, which includes identifying and evaluating different risks, followed by an approach to control and monitor their development.

The implementation and updating of methods and tools to minimize risks associated with the information system of an organization, such as the Information Security policies, procedures and practices associated formalized and adopted other means in order to bring these risks to acceptable levels.

The act of handling the risk exposure through mitigation, acceptance, sharing and avoidance.

The implementation and updating of methods and tools to minimize risks associated with the information system of an organization, such as the Information Security policies, procedures and practices associated formalized and adopted other means in order to bring these risks to acceptable levels.

The implementation and updating of methods and tools to minimize risks associated with the information system of an organization, such as the Information Security policies, procedures and practices associated formalized and adopted other means in order to bring these risks to acceptable levels.

Risk management is the process of doing what-if scenarios to enable risk mitigation strategies so as to minimize the impact of unfortunate events.

Procedure to avoid and minimize risks.

The responding practices to better mitigate hazards or recover from any associated adversary impact. Typically, effective risk management includes pre-disaster mitigation planning by means of insurance, land use regulation, and technology; rapid and effective emergency responses during the emergency; post-disaster recovery and rebuilding management; and increased public awareness education.

The identification, assessment, and prioritization of vulnerability risks followed by coordinated and application of measures to minimize, monitor, and control the probability and/or impact of threats and attacks.

A process that includes activities for the identification, estimation, evaluation, and treatment of risks.

A system designed to avoid “problems during a project, which can lead to deviation from project goals, timetables, and cost estimations (Zafiropoulos et al., 2005).

A set of planned actions - projects and programs, and tools used to reduce disaster risk or mitigate damage.

The process of identifying risk, assessing risk and taking steps to manage risk by reducing risks to an acceptable level (NIST SP 800-37 rev 2, 2018).

A process to identify and quantify sources of technical risks and their program impacts and find ways to avoid or control them. (Babcock, 2007, p. 217)

Is the identification, analysis, assessment, control, and avoidance, minimization, or elimination of unacceptable risks. An organization may use risk assumption, risk avoidance, risk retention, risk transfer, or any other strategy (or combination of strategies) in proper management of future events.

The process of managing the uncertainty in investment decision-making.

The responding practices to better mitigate hazards or recover from any associated adversary impact. Typically, effective risk management includes pre-disaster mitigation planning by means of insurance, land use regulation, and technology; rapid and effective emergency responses during the emergency; post-disaster recovery and rebuilding management; and increased public awareness education.

Risk management is a managerial process that includes identification, analysis, assessment and control of risks which are exposed.

Process of identifying and assessing risks in order to develop strategies to manage risks.

The techniques of minimizing and preventing loss.

The act of handling the risk exposure through mitigation, acceptance, sharing and avoidance. It includes the ability to handle information and technology risks based on stakeholders’ risk parameters.

Identify, evaluate, and assign priority to the potential risks with the goal of defining the methods, resources to minimize or mitigate the outcomes from the risk. Closely related with Risk Assessment.

The processes to manage information security risk to organizational functionality and assets, individuals, other organizations, etc. Risk management includes risk analysis, assessing risk, risk strategy choosing, security measurements implementation and monitoring risk over time.

The act of detecting, evaluating, and managing threats to a firm's capital and profitability.

It refers to the set of processes through which a company identifies, analyzes, quantifies, eliminates, and monitors the risks associated with a given production process.

Risk management is the process of doing what-if scenarios to enable risk mitigation strategies so as to minimize the impact of unfortunate events.

Decisions to accept exposure or to reduce vulnerabilities by either mitigating the risks or applying cost effective controls.

A form of decision-making technique that involves identification and assessment of possible risk events, then generating a response plan to reduce and/or control these risks to an acceptable level.

The process by which a company evaluates and reduces its risk exposure. This includes actions, policies, and procedures that management implements to reduce the likelihood and severity of adverse outcomes and to increase the likelihood and benefits of positive outcome.

It involves prediction of bankruptcy of a firm (i.e., credit risk), detection of fraud (i.e., operational risk), or prediction of future stock returns (i.e., market risk).

Risk management is a process of simplifying the decision problem aiming at reforming it in certain way that allows excluding the risk.

A general process to handle risks as it serves to identify, assess, prioritize, mitigate, and track them.

It is the process of identifying, assessing, and controlling threats to an organization’s capital and earnings, from a variety of sources including strategic management errors, accidents, and natural disasters.

The concept involves actions aimed at maintaining an adequate profitability (return on investments), solvency margin (assets in excess of liabilities), increase of the company’s shareholder value, as well as risk reduction (for example by hedging and diversification). The conceptual term ‘risk management’ is to be distinguished from the technical term ‘risk measurement’. For example, in the Value-at-Risk setting, the latter term describes the construction of a portfolio profit and loss distribution and the calculation of certain percentile.

An organization’s risk assessment and risk mitigation

The process of evaluating and selecting alternative responses to risk.

Managing the uncertainty of components in such a way that either they are eliminated or reduced.

Is the culture, processes and structures that are directed towards realizing potential opportunities whilst managing adverse effects.

The disciple of managing risks using strategies such as planning, assessment, analysis, and control of risks.

The act of handling the risk exposure through mitigation, acceptance, sharing and avoidance. It includes the ability to handle information and technology risks based on stakeholders’ risk parameters.

A set of activities that are undertaken to recognize risks and to plan for their avoidance, reduction, or removal.

Includes all measures which reduce disaster related losses of life, property, or assets by either reducing the hazard or vulnerability of the elements at risk.

Refers to a continuous process of identifying, assessing, and reducing a risk factor to an acceptable level, and implementing the right mechanisms to maintain that level of risk. Established risk management strategies include avoiding the risk, reducing the negative effect of the risk, accepting some or all of the consequences of the risk, or transferring the risk to another party through insurance.

A systematic approach to identifying threats and controlling the impact of uncertain events as a consequence of their realization.

A methodology to identify, measure, classify, and compare risks.

The implementation and updating of methods and tools to minimize risks associated with the information system of an organization, such as the Information Security policies, procedures and practices associated formalized and adopted other means in order to bring these risks to acceptable levels.

Is the culture, processes and structures that are directed towards realizing potential opportunities whilst managing adverse effects.

Procedure to avoid and minimize risks.

A system designed to avoid “problems during a project, which can lead to deviation from project goals, timetables, and cost estimations” ( Zafiropoulos et al., 2005 , p. 213).

The main focus on the risk control of the enterprise, transparency about the significant risks.

The process of identifying, assessing, and controlling threats of unfortunate events to an organization's capital and earnings.

An overall risk management process involving both risk assessment and risk reduction through technical and organizational barriers.

The overall process that a financial institution follows to define a business strategy to identify the risks to which it is exposed, to quantify those risks and to understand and control the nature of the risks it faces. (Cumming & Hirtle, 2001) A specific application of knowledge in order to control deviations from strategic objectives, shareholders’ values and stakeholders’ relationships.

It is expressed as a process consisting of pre-defining, evaluating, managing and controlling possible events and situations in order to provide reasonable assurance for the organization to achieve its objectives.

Process of identifying, analyzing, defining strategies to deal with the more concerning risks, which can be threats or opportunities to project objectives. In the process, it is included the control of the risks throughout the life cycle of the project.

Process of identifying, assessing, and controlling the internal and external risks faced by a company.

A process of making and implementing decisions that will minimize the negative effects of a risk.

A process conducted by the board of directors, the managers and others within an organization, in order to identify potential events that may affect the organization to manage the risks to the organization and to provide reasonable assurance regarding the achievement of organizational objectives.

Identification, evaluation, and prioritization of followed by application of resources able to minimize, monitor, and control the probability or impact of unfortunate events and health accidents.

Risk management is the systematic identification and evaluation of risks at every level with a certain method to achieve the objectives of the organisations, monitoring this process in a way that ensures effective operation.

Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.

Risk management covers the implementation of information security in practice. Risk management is how information security is performed in modern organizations through the analysis and evaluation of vulnerabilities against threats to determine risk and the mitigation of that risk based on organizational priorities ( Fenz et al., 2011 ; Schuesster, 2013 ; Tohidi, 2011 ). This is primarily a preventive framework designed to prevent information security incidents from occurring in secure networks.

Consists of risk identification, risk assessment, selection and application of risk management strategies, and evaluation and reporting of the process.

The process of managing the uncertainty in investment decision-making.

A tactic to minimize the susceptibility of the KM strategy to risk and subsequent failure or ineffectiveness. Risk must be analyzed to assess the potential exposure to the chance of human or infrastructural barriers. Example of these risks may include: (1) management culture in the organization that hinders KM, (2) the philosophy of KM is not understood in the organization and (3) conflicts of organizational priorities (4) the development of criterion for knowledge collection is clouded. Risk may also threaten operational or to financial elements of the strategy. Examples of risks to processes may include: (a) an understanding of the knowledge types and artefacts associated with specific business functions (b) current informal organic knowledge transfer strategies and systems (c) risks associated with system development (d) managing the changes and their implementation and additionally managing the expectations if staff and of executive management.

The process of managing the uncertainty in investment decision-making.

The process of identifying, analysing, assessing, and communicating risk and accepting, avoiding, transferring or controlling it to an acceptable level considering associated costs and benefits of any actions taken.

This includes the process of assigning priority to, budgeting, implementing and maintaining the appropriate risk-reducing measures.

Is the identification, assessment, and prioritization of risks (as the effect of uncertainty on objectives, whether positive or negative) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.

Identifying, investigating, valuating, controlling, avoiding, minimizing, or eliminating offensive risks.

Ongoing process of identifying, assessing, prioritizing, and reducing risk.

The process of managing the uncertainty in investment decision-making.

A process of forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact.

Is one of the IT governance focus areas that require risk awareness by senior corporate officers, a clear understanding of the enterprise’s appetite for risk, understanding of compliance requirements, transparency about the significant risks to the enterprise, and embedding of risk management responsibilities in the organization.

This refers to the identification, analysis, acceptance, and management of risk in order to reduce any adverse effect from a decision or venture.

is a methodical approach that aims to control risk through developing systems and procedures allowing managers to anticipate, identify, estimate and effectively dealing with risks inherent to any project.

Risk management identifies, assesses, treats, and monitors risks during the entire life cycle, responding to each risk in terms of appropriate treatment and acceptance (ISO/IEC 15288, an industry standard).

It is the discipline to live with the possibility of future events having adverse effects.

Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risk management’s objective is to assure uncertainty does not deflect the endeavor from the business goals.

An iterative process including the steps of risk identification and analysis, risk assessment and prioritization, risk treatment, risk monitoring and control, and risk capitalization and documentation.

An ongoing process of activities aimed towards safeguarding an organization from uncertainties which can negatively impact its objectives

It entails assessing risks and vulnerabilities, as well as taking administrative and thorough measures to ensure that a business is effectively secured. Traditional risk management principles are applied to digital systems and infrastructure in cybersecurity risk management.

The act of handling the risk exposure through mitigation, acceptance, sharing and avoidance.

The overall process of risk avoidance, mitigation and / or control, encompassing risk assessment, which in turn encompasses risk analysis.

The process of assessing and evaluating the various internal and external threats within organisation, so to mitigate them and bring stability within organisations.

Risk management is the process of identifying, assessing and controlling threats to a company’s resources

The process of identifying different types of risks, assessing their relative importance for the project, and implementing strategies for managing risk.

The process of identifying, assessing, and controlling threats.

Identification of risks and determining precautions to the identified risks.

The process of anticipating, preventing, and minimizing potential costs, losses or problems for the event, organizer, the participants, and the audience.

The act of handling the risk exposure through mitigation, acceptance, sharing and avoidance.

The process of identifying and analyzing and proposing ways of mitigating risks.

It is usually the financial interpretation that refers to the practice of identifying potential risks in advance, analyse them and take precautionary measures to reduce or to eliminate those possible risks.