risk management

process of reducing danger and risk by choosing the safest option

For non-business risks, see risk or the disambiguation page risk analysis. Risk management is the human activity which integrates recognition of risk, risk assessment, developing strategies to manage it, and mitigation of risk using managerial resources. The strategies include transferring the risk to another party, avoiding the risk, reducing the negative effect of the risk, and accepting some or all of the consequences of a particular risk. Some traditional risk managements are focused on risks stemming from physical or legal causes (e.g. natural disasters or fires, accidents, death and lawsuits). Financial risk management, on the other hand, focuses on risks that can be managed using traded financial instruments.
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Risk management, n a program designed to identify, contain, reduce, or eliminate the potential for harm to patients, visitors, and employees and the [more]Risk management - Community and Resources

The process of identifying and evaluating risks and selecting and managing techniques to adapt to risk exposures.