Organisations are constantly subject to risk which has the potential to put resources in positions where they might be vulnerable.

To understand the risk management process, we need to grasp a basic knowledge of what is meant by ‘risk’ and ‘risk management’ and the concepts involved.

This introductory section covers:

1. What is Risk Management?
2. The Risk Management Process
3. Benefits of Risk Management
4. Limitations of Risk Management
5. Risk Management Implementation
6. Types of Risk Management

By understanding the basics of what is involved in Risk Management, we can gain a greater insight on how to successfully implement it into our business activity and how it will benefit organisations.