The risk management
Example: Risk management identifies and reduces risks to protect organizational objectives
Definition
"The risk management" refers to the systematic process of identifying, assessing, and prioritizing potential risks within an organization, followed by coordinated efforts to minimize, monitor, and control the probability or impact of those risks to protect organizational objectives effectively.
Etymology
The term "the risk management" combines 'risk,' which originates from the Italian word 'risco' or 'risicare,' meaning to dare or venture, with 'management,' derived from the Italian 'maneggiare,' meaning to handle or control. Together, they describe the practice of handling potential dangers in a structured way.
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"The risk management" appears in the Vocaplus list "English - Management - (A1-C2) - set 1", containing 108 commonly used words.
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