Definition of Risk management

1. Noun. The process of determining the maximum acceptable level of overall risk to and from a proposed activity, then using risk assessment techniques to determine the initial level of risk and, if this is excessive, developing a strategy to ameliorate appropriate individual risks until the overall level of risk is reduced to an acceptable level. ¹



¹ Source: wiktionary.com

Medical Definition of Risk management

1. The process of minimizing risk to an organization by developing systems to identify and analyze potential hazards to prevent accidents, injuries, and other adverse occurrences, and by attempting to handle events and incidents which do occur in such a manner that their effect and cost are minimised. Effective risk management has its greatest benefits in application to insurance in order to avert or minimise financial liability. (12 Dec 1998)

Risk Management Pictures

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Lexicographical Neighbors of Risk Management

rising tide
rising trot
rising up
risings
risk
risk-free
risk-taking
risk appetite
risk arbitrage
risk benefit
risk capital
risk equalisation
risk factor
risk factors
risk management (current term)
risk of exposure
risk of infection
risk of recurrence
risk patient
risk reduction
risk taker
risk tolerance
risk universe
risk universes
risk visualization
risked
risker
riskers
riskfree

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