Risk Management

Bringing risk to an acceptable level

Short Description:

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.

Examples of Sub-Tasks:

• Analyzing credit risk
• Analyzing country risk
• Analyzing risk of compliance and possible fraud