What is risk management?
Risk is part of all our lives. A business needs to take risks to grow and develop. In our fast-paced world, the risks we must manage evolve quickly. There in need to make sure we manage risks so that we minimise their threats and maximise their potential. Risk management is important in an organisation because without it, a firm cannot possibly define its objectives for the future. Risk management is the identification, assessment and prioritization of risks...