Risk management

is the continuing process to identify, analyze, evaluate, and treat loss exposures and monitor risk control and financial resources to mitigate the adverse effects of loss. Loss may result from the following: financial risks such as cost of claims and liability judgments

Step 1: Identifying Risks. ...

Step 2: Risk Assessment. ...

Step 3: Prioritizing the Risks. ...

Step 4: Risk Mitigation. ...

Step 5: Monitoring the Results.