risk management
Noun
Meaning
risk management (uncountable)
The process of determining the maximum acceptable level of overall risk to and from a proposed activity, then using risk assessment techniques to determine the initial level of risk and, if this is excessive, developing a strategy to ameliorate appropriate individual risks until the overall level of risk is reduced to an acceptable level.
Synonyms
Examples
There is no doubt that Formula 1 has the best risk management of any sport and any industry in the world.
As population susceptibilities are better understood, we will be in a better position than we are in today to make informed decisions about risk management.
We have no future because our present is too volatile. We have only risk management. The spinning of the given moment's scenarios. Pattern recognition.
Not taking risks one doesn't understand is often the best form of risk management.
I think the rise of quantitative econometrics and a highly mathematical approach to risk management was the obverse of a decline in interest in financial history.
Maybe we should teach schoolchildren probability theory and investment risk management.