| | For more information, please see: [[Diversification]] ]] | | For more information, please see: [[Diversification]] ]] |
| − | '''Risk management''' is "the continuing process to identify, analyze, evaluate, and treat loss exposures and monitor risk control and financial resources to mitigate the adverse effects of loss."<ref>[https://www.marquette.edu/riskunit/riskmanagement/whatis.shtml#:~:text=Risk%20management%20is%20the%20continuing,of%20claims%20and%20liability%20judgments WHAT IS RISK MANAGEMENT?], Marquette University</ref> It is an organized method of identifying and measuring [[risk]] and developing, selecting, and managing options for handling these risks. | + | '''Risk management''' is "the continuing process to identify, analyze, evaluate, and treat loss exposures and monitor [[risk]] control and financial resources to mitigate the adverse effects of loss."<ref>[https://www.marquette.edu/riskunit/riskmanagement/whatis.shtml#:~:text=Risk%20management%20is%20the%20continuing,of%20claims%20and%20liability%20judgments WHAT IS RISK MANAGEMENT?], Marquette University</ref> It is an organized method of identifying and measuring [[risk]] and developing, selecting, and managing options for handling these risks. |
| | In the corporate world, risk management is likely to have one of two meanings. | | In the corporate world, risk management is likely to have one of two meanings. |