An Overview of Risk Management
Risk management is an essential element of management from the enterprise level down to the individual project. Risk management encompasses all the actions taken to reduce complexity, increase objectivity, and identify important decision factors. There has been, and will continue to be, discussion about the complexity of risk management and whether or not it is worth the effort. Businesses must take risks to retain their competitive edge, however, and as a result, risk management must occur as part of managing any business, program, or project.
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