Risk Management
Risk management is a process that allows individual risk events and overall risk to be understood and managed proactively, optimizing success by minimizing threats and maximizing opportunities.
What is Risk Analysis
Risk Analysis is a process that helps you identify and manage potential problems that could undermine key business initiatives or projects.
Risk analysis is useful in many situations:
When you're planning projects
When you're deciding whether or not to move forward with a project.
When you're improving safety and managing potential risks in the workplace.
When you're preparing for events such as equipment or technology failure
When you're planning for changes in your environment, such as new competitors coming into the market, or changes to government policy.
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