Risk Management

Risk management is the structured process of identifying, evaluating, and addressing potential threats and opportunities that could impact an organization’s assets, earnings, and operations. It begins with risk identification – cataloging events, conditions, or actions that might cause harm or gain. Next, risks are assessed by analyzing their likelihood and potential impact. Based on this assessment, organizations develop and implement strategies to mitigate, transfer, accept, or exploit risks. Ongoing monitoring and review ensure that controls remain effective and adapt to changing conditions. Effective risk management supports informed decision-making, strengthens resilience and drives sustainable success by balancing protection with strategic opportunity.