Risk management

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Risk management is management of unpredictable events that have adverse consequences for a firm.


Definitions

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Risk management. Involves the management of unpredictable events that have adverse consequences for a firm.

According to the HRBoK Guide,

Risk management. Assessing and preventing threats. The process of analyzing potential threats and deciding how to prevent them.

Practice

Main wikipage: Risk management practice

Related concepts

Related lectures