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Risk management
Meaning
Noun
●
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.
Sourced from
Wiktionary
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