Risk management

From CNM Wiki
Revision as of 12:06, 21 July 2020 by EshwaN (talk | contribs)
Jump to: navigation, search

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.

Related concepts

Related lectures