Risk managementDefinition (http://en.wikipedia.org/wiki/Risk_management) Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 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. (Wikipedia) Preferred Units: N/A Scope Note: N/A This term is used for the following terms: N/A Approved Date 06-Nov-2013 Items having a keyword or observed-property relationship to this subject term Click here to give feedback on this term or suggest an update. |