Definition of risk management in English:

Share this entry

risk management

noun

[mass noun]
(In business) the forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact.
Example sentences
  • Too many shops are currently executing uncertainty management rather than risk management.
  • In the post-Enron environment, there can be no excuse for the lack of effective fraud risk management.
  • The financial institutions themselves have also implemented risk management on their loan portfolios.
Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.