Risk Management
Bringing risk to an acceptable level
Short Description:
The process of determining the maximum acceptable level of overall risk to and from a proposed activity, then using risk assessment techniques to determine the initial level of risk and, if this is excessive, developing a strategy to ameliorate appropriate individual risks until the overall level of risk is reduced to an acceptable level.
Examples of Sub-Tasks:
- Analyzing credit risk
- Analyzing country risk
- Analyzing risk of compliance and possible fraud