Risk management

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 What is Risk management?  

A risk is a potential loss or damage to a company or personnel.
It's the process of identifying, evaluating, and controlling risks by creating a plan to minimize or control those risks and their potential impact.
Any risk or threat can be of any kind and come from any source.

For example we can find:

• 

  Financial uncertainty
• Legal responsibilities
• Strategy management
  
• Cybersecurity threats
• Accidents
• Natural disasters

 What is Risk management important?

It is very important to have risk management since any unforeseen event can have an impact on the organization and employees. The impact can be minor or major causing general costs or even be catastrophic reaching a financial crisis.

Good risk management helps to have a better approach to identify, manage and mitigate significant risks and then devise plans, monitor and control impacts. In addition to minimizing the negative points, the positive ones could be increased.