What is Risk Management

1.

The practice of identifying and analyzing potential risks in advance and taking precautionary steps to limit risk. Learn more in: A Composite Risk Model for Optimizing Information System Security

2.

Refers to a systematic approach for identifying risk and defining the impact on an enterprise’s ability to provide goods and services ( Davis, 2008 ). Learn more in: Activity: Initializing the IT Audit Report

3.

Activity linked to the Management Projects which deals with the monitoring and eventual combat to the risks involved in a software project. Learn more in: eRiskGame: A Persistent Browser-Based Game for Supporting Project-Based Learning in the Risk Management Context

4.

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). Learn more in: Risk Management in the Digital Economy

5.

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 Learn more in: CAMCE: A Framework for Climate Adaptation and Mitigation

6.

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. Learn more in: Information Security Threats in Public and Private Organizations: Evidence From Romania

7.

The act of handling the risk exposure through mitigation, acceptance, sharing and avoidance. Learn more in: Using Blockchain for Smart Contracts

8.

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. Learn more in: Cybersecurity Risks in Romanian Companies

9.

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. Learn more in: Cyberaccounting for the Leaders of the Future

10.

Risk management is the process of doing what-if scenarios to enable risk mitigation strategies so as to minimize the impact of unfortunate events. Learn more in: Cognitive Integrated Business Planning

11.

Procedure to avoid and minimize risks. Learn more in: Concept and Practices of Cyber Supply Chain in Manufacturing Context

12.

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. Learn more in: GIS and Remote Sensing in Environmental Risk Assessment

13.

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. Learn more in: ICT Security Policy: Challenges and Potential Remedies

14.

A process that includes activities for the identification, estimation, evaluation, and treatment of risks. Learn more in: Information Security Management and Security Reporting

15.

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). Learn more in: Enterprise Resource Planning System Risks and Rewards

16.

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). Learn more in: Knowledge Systems and Risk Management: Towards a Risk and Threat Assessment Framework

17.

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) Learn more in: Technical Risk Management

18.

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. Learn more in: Intentional Food Contamination in the Food Supply Chain: Proposal of a Management System for its Prevention

19.

The process of managing the uncertainty in investment decision-making. Learn more in: Artificial Intelligence and Investing

20.

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. Learn more in: GIS and Remote Sensing in Environmental Risk Assessment and Management

21.

Risk management is a managerial process that includes identification, analysis, assessment and control of risks which are exposed. Learn more in: The Operational Risk Assessments in Manufacturing Industry

22.

Process of identifying and assessing risks in order to develop strategies to manage risks. Learn more in: A Framework for Risk Management in AI System Development Projects

23.

The techniques of minimizing and preventing loss. Learn more in: Security of Infrastructure Systems: Infrastructure Security Assessment

24.

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. Learn more in: Risk Management for Traditional and Innovative Contracts

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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. Learn more in: Threat and Risk Assessment Using Continuous Logic

26.

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. Learn more in: Methodology for Cyber Security Risk Mitigation in Next Generation SCADA Systems

27.

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. Learn more in: Future of Jobs and Humans in a Tech-Centric World

28.

Decisions to accept exposure or to reduce vulnerabilities by either mitigating the risks or applying cost effective controls. Learn more in: Decision Support Software

29.

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. Learn more in: Web-Based Information Systems in Construction Industry: A Case Study for Healthcare Projects

30.

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. Learn more in: HRIS Readiness Among Faculties in B Schools for Human Development

31.

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). Learn more in: Review of Big Data Applications in Finance and Economics

32.

Risk management is a process of simplifying the decision problem aiming at reforming it in certain way that allows excluding the risk. Learn more in: Knowledge Sharing and IT/Business Partnership: An Integrated View of Risk Management

33.

A general process to handle risks as it serves to identify, assess, prioritize, mitigate, and track them. Learn more in: Dynamic Risk Assessment in IT Environments: A Decision Guide

34.

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. Learn more in: Estimating Risk with Copulas

35.

An organization’s risk assessment and risk mitigation Learn more in: Information Security and Risk Management

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The process of evaluating and selecting alternative responses to risk. Learn more in: Managing E-Collaboration Risks in Business Process Outsourcing

37.

Managing the uncertainty of components in such a way that either they are eliminated or reduced. Learn more in: Internal Audit Structure and Fraud Risk Assessment From a Regulatory Perspective: An Insight Into the Turkish Financial Services Sector

38.

Is the culture, processes and structures that are directed towards realizing potential opportunities whilst managing adverse effects. Learn more in: A Process Architecture Approach to Manage Health Process Reforms

39.

The disciple of managing risks using strategies such as planning, assessment, analysis, and control of risks. Learn more in: Project-Based Software Risk Management Approaches

40.

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. Learn more in: Risk and Governance Considerations in Cloud Era

41.

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. Learn more in: Strategic Disaster Management: The Case of Turkey

42.

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. Learn more in: IT-Enabled Reengineering: Productivity Impacts

43.

A methodology to identify, measure, classify, and compare risks. Learn more in: Practical Align Overview of the Main Frameworks Used by the Companies to Prevent Cyber Incidents

44.

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. Learn more in: Proactive Information Security Strategy for a Secure Business Environment

45.

Is the culture, processes and structures that are directed towards realizing potential opportunities whilst managing adverse effects. Learn more in: A Process Architecture Approach to Manage Health Process Reforms

46.

Procedure to avoid and minimize risks. Learn more in: Concept and Practices of Cyber Supply Chain in Manufacturing Context

47.

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). Learn more in: Assessing ERP Risks and Rewards

48.

The main focus on the risk control of the enterprise, transparency about the significant risks. Learn more in: From Information Governance to IT Governance: An Overview of Issues and Frameworks for Large Organizations

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An overall risk management process involving both risk assessment and risk reduction through technical and organizational barriers. Learn more in: Industry Process Safety: Major Accident Risk Assessment

50.

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. Learn more in: Knowledge Management and Risk Management

51.

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. Learn more in: Are Risks in IT Global and Local Projects the Same?: Systematic Literature Review of the Last 20 Years

52.

Process of identifying, assessing, and controlling the internal and external risks faced by a company. Learn more in: Financial Literacy and Innovation Performance in SMEs: The Mediating Effect of Risk-Taking

53.

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. Learn more in: The International Experience in Security Risk Analysis Methods

54.

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. Learn more in: Image Processing and Post-Data Mining Processing for Security in Industrial Applications: Security in Industry

55.

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. Learn more in: Analysis of Possible Future Global Scenarios in the Field of Cyber Warfare: National Cyber Defense and Cyber Attack Capabilities

56.

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. Learn more in: Turning Weakness into Strength: How to Learn From an IT Security Incident

57.

Consists of risk identification, risk assessment, selection and application of risk management strategies, and evaluation and reporting of the process. Learn more in: Importance of Risk Management and Risk Management Process

58.

The process of managing the uncertainty in investment decision-making. Learn more in: Applying Artificial Intelligence to Financial Investing

59.

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. Learn more in: Governance of Knowledge Management

60.

The process of managing the uncertainty in investment decision-making. Learn more in: Applying Artificial Intelligence to Financial Investing

61.

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. Learn more in: National Security Policy and Strategy and Cyber Security Risks

62.

This includes the process of assigning priority to, budgeting, implementing and maintaining the appropriate risk-reducing measures. Learn more in: Enterprise Information System Security: A Life-Cycle Approach

63.

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. Learn more in: Robust Supply Chain Risk Management

64.

Identifying, investigating, valuating, controlling, avoiding, minimizing, or eliminating offensive risks. Learn more in: Default Probability Prediction of Credit Applicants Using a New Fuzzy KNN Method with Optimal Weights

65.

Ongoing process of identifying, assessing, prioritizing, and reducing risk. Learn more in: How Can a Cybersecurity Student Become a Cybersecurity Professional and Succeed in a Cybersecurity Career?

66.

The process of managing the uncertainty in investment decision-making. Learn more in: Artificial Intelligence and Investing

67.

A process of forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact. Learn more in: Big Data Analytics in Retail Supply Chain

68.

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. Learn more in: IT Governance in the Public Sector in a Developing Country

69.

This refers to the identification, analysis, acceptance, and management of risk in order to reduce any adverse effect from a decision or venture. Learn more in: Sustainable Value Chains: A Critical Analysis of Sustainable Supply Chain Failures in Developing and Developed Economies

70.

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. Learn more in: Management and Cost Estimation of Security Projects

71.

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). Learn more in: Exploring the Risks That Affect Community College Decision Makers

72.

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. Learn more in: A Fuzzy Group Decision-Making Approach to Construction Project Risk Management

73.

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. Learn more in: E-Government and Digital Transformation: A Conceptual Framework for Risk Factors Identification

74.

An ongoing process of activities aimed towards safeguarding an organization from uncertainties which can negatively impact its objectives Learn more in: Business Continuity of Critical Infrastructures for Safety and Security Incidents

75.

The act of handling the risk exposure through mitigation, acceptance, sharing and avoidance. Learn more in: The Effect of Innovative Contracts on the Business Behaviors in the Context of IoT

76.

The overall process of risk avoidance, mitigation and / or control, encompassing risk assessment, which in turn encompasses risk analysis. Learn more in: Industrial Occupational Safety: Industry 4.0 Upcoming Challenges

77.

The process of identifying different types of risks, assessing their relative importance for the project, and implementing strategies for managing risk. Learn more in: Telecommunication Investments Analysis: A Multi-Criteria Model

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The process of identifying, assessing, and controlling threats. Learn more in: Health Risk Communication and Media

79.

Identification of risks and determining precautions to the identified risks. Learn more in: Lean Thinking via Business Intelligence Technologies and Innovation Process

80.

The act of handling the risk exposure through mitigation, acceptance, sharing and avoidance. Learn more in: Artificial Intelligence Effects on Contracts and Contracting

81.

The process of identifying and analyzing and proposing ways of mitigating risks. Learn more in: Information Security Policies

82.

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. Learn more in: Inclusive Entrepreneurship for the Micro, Small, and Medium Enterprises: The Economic Perspective