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Risk management is the identification, assessment, and prioritization of risks - defined in ISO 31000 as the effect of uncertainty on objectives, whether positive or negative - followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.

Risk management is the identification, assessment, and prioritization of risks - defined in ISO 31000 as the effect of uncertainty on objectives, whether positive or negative - followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.

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