File:ISS_impact_risk.jpg · Wikimedia Commons · See Wikimedia Commons
risk management
Sign in to saveAlso known as managing risk
management to identification, evaluation, and prioritization of risks
Risk management is the process of identifying, evaluating, and prioritizing potential problems or dangers that could affect your goals or operations. It matters because systematically addressing these risks helps you prepare for and reduce negative impacts when things go wrong.
AI-generated from the Wikipedia summary — may contain errors.
Research
832,597 papers- [Global risk management].Transfusion clinique et biologique : journal de la Societe francaise de transfusion sanguine · 2015
- The Obstetrics and Gynecology Hospitalist: Risk Management Implications.Obstetrics and gynecology clinics of North America · 2024
- Risk management.The Journal of the American College of Dentists · 2010
- Clinical Risk Management in Mental Health Services: 10 Principles for Best Practice.International journal of mental health nursing · 2025
- Risk management.IEEE engineering in medicine and biology magazine : the quarterly magazine of the Engineering in Medicine & Biology Society · 2003
via PubMed
Wikidata facts
- Image
- Risk Management Elements.jpg
Show 1 more fact
- Commons category
- Risk management
Sources (7)
via Wikidata · CC0
~40 min read
Article
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, followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. Risks can come from various sources (i.e, threats) including uncertainty in international markets, political instability, dangers of project failures (at any phase in design, development, production, or sustaining of life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. Retail traders also apply risk management by using fixed percentage position sizing and risk-to-reward frameworks to avoid large drawdowns and support consistent decision-making under pressure.