risk management
US /ˈrɪsk ˌmæn.ədʒ.mənt/
UK /ˈrɪsk ˌmæn.ədʒ.mənt/
1.
the forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact
:
•
Effective risk management is crucial for business success.
•
The company implemented new risk management strategies.