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  2. Risk management - Wikipedia

    en.wikipedia.org/wiki/Risk_management

    Example of risk assessment: A NASA model showing areas at high risk from impact for the International Space Station. Risk management is the identification, evaluation, and prioritization of risks, [1] followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. [2]

  3. Risk - Wikipedia

    en.wikipedia.org/wiki/Risk

    Intuitive risk management is addressed under the psychology of risk below. Risk management refers to a systematic approach to managing risks, and sometimes to the profession that does this. A general definition is that risk management consists of "coordinated activities to direct and control an organization with regard to risk". [3]

  4. ISO 31000 - Wikipedia

    en.wikipedia.org/wiki/ISO_31000

    ISO 31000 is a family of international standards relating to risk management codified by the International Organization for Standardization. [1] The standard is intended to provide a consistent vocabulary and methodology for assessing and managing risk, resolving the historic ambiguities and differences in the ways risk are described.

  5. Enterprise risk management - Wikipedia

    en.wikipedia.org/wiki/Enterprise_risk_management

    The COSO "Enterprise Risk Management-Integrated Framework" published in 2004 (New edition COSO ERM 2017 is not Mentioned and the 2004 version is outdated) defines ERM as a "…process, effected by an entity's board of directors, management, and other personnel, applied in strategy setting and across the enterprise, designed to identify ...

  6. Operational risk management - Wikipedia

    en.wikipedia.org/wiki/Operational_risk_management

    Deliberate risk management is used at routine periods through the implementation of a project or process. Examples include quality assurance, on-the-job training, safety briefs, performance reviews, and safety checks. Time Critical Time critical risk management is used during operational exercises or execution of tasks.

  7. Risk assessment - Wikipedia

    en.wikipedia.org/wiki/Risk_assessment

    Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. [1] The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences. [1] [2]

  8. Risk control - Wikipedia

    en.wikipedia.org/wiki/Risk_control

    Risk control, also known as hazard control, is a part of the risk management process in which methods for neutralising or reduction of identified risks are implemented. . Controlled risks remain potential threats, but the probability of an associated incident or the consequences thereof have been significantly red

  9. Project risk management - Wikipedia

    en.wikipedia.org/wiki/Project_risk_management

    Risk management activities are applied to project management.Project risk is defined by the Project Management Institute (PMI) as, "an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives."

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