RISK ASSESSMENT

 Risk management is the identification, evaluation and prioritization of risks, followed by a coordinated use and economic resources to minimize, monitor and control the likelihood and  or the impact of adverse events or to maximize the realization of possibilities.
Risks can arise from uncertainty in legal obligations, credit risk, accidents, natural causes and disasters and deliberate attacks by an adversary. Several risk management standards have been developed, including the Project Management Institute, definitions and objectives vary widely depending on the approach to risk management is related to project management, security, engineering, processes industrial, financial portfolios, actuarial valuations, or health and safety.
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