Introduction to managing risk

What is risk? 

Risk is a condition in which there exists a quantifiable dispersion in the possible outcomes from any activity. It can be classified in a number of ways.

Risk has also been defined as: 

Uncertain future events which could influence the achievement of the organization’s strategic, operational and financial objectives.

Risk management is: 

A process of understanding and managing the risks that the entity is inevitably subject to in attempting to achieve its corporate objectives. 
Download also:

• Risk Management Process
• How to write a Risk Assessment
• Risk Assessment Excel Template
• Risk Management Plan Excel Template
• Introduction to Financial Risk Analysis
• Risk Management, Monitoring and Project Control
• Risk Analysis and Management Plan Excel template

For management purposes, risks are usually divided into categories such as operational, financial, legal compliance, information, and personnel. One example of an integrated solution to risk management is enterprise risk management.

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