What is Risk Management?
Risk is a part of our lives! Because it is a common factor to everything we do, and every moment we live.
Societies are rapidly changing and developing. So the companies and their operations.
As a result of this, we take increasing and ever changing risks over time.
An effective risk management proactively helps organizations achieve their goals; means identifying, analyzing and managing risks.
The main objective here is to take measures to minimize the effects of threats, increase awareness in the operation and maximize the possible opportunities and optimize the success.
The risk management process consists of the following major elements:
- Determining the scope and objectives,
- Identification of risks,
- Measurement/analysis of risks,
- Risk assessment,
- Tracking, communication, feedback.