Introduction To Risk Management

Each business, no matter how big or little, faces risk in a variety of domains, including operational, market, legal, environmental, reputational, brand, liability, financial, and property losses. Every municipality may be affected by any of them, either favorably or unfavorably.

Risk management, including its advantages, risk assessment, prioritization, and the use of response techniques for managing risks.

Risk management is consciously preventative rather than remedial. A thorough asset allocation model of all the capital assets in your company may be necessary, or it may be as simple as one crew member reminding a colleague to wear her safety glasses. The loss of a significant employer in the neighbourhood is a large and far-reaching event that can be managed using risk management techniques.

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