Risk Management for the rest of us
There are many definitions of the phrase “risk management”. Over the coming months we will using this website to set out some of our thoughts on the subject.
The aims of risk management are:
- to reduce the likelihood of undesirable things happening
- to minimise the negative impact of undesirable things if they do happen
- to increase the likelihood of desirable things happening
- to maximise the positive impact of desirable things when they do happen
Risk management is a process. Carrying out that process makes it more likely that an organisation will achieve its objectives.
