Risk management is the system of processes which are supposed to count the possibility of a certain risk in any situation of different kind. Risk management is based on constant calculations, numbers, graphs, statistics, analysis of the potential of the organization under analysis and prediction of its possible failure or success. Risk management is mostly used for economics and business and helps businessmen realize risk, value and predict it. Under the term of a risk one understands a certain negative situation which can occur when business of the company happens to go wrong or not according to the plan.
Enterprise risk management: history and a design science proposal
In helping businesses understand and increase their ability to successfully manage risks, PwC helps them establish the confidence in their ability to seek out and take those risks; risks that generate the greatest opportunities for their business. What does risk mean for your company? Do your current risk management efforts reflect the true risks to the business?
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