risk management definition

risk management means coordinated activities to direct and control an organization with regard to risk.

risk management means the process, distinct from risk assessment, of weighing policy alternatives in consultation with interested parties, considering risk assessment and other legitimate factors, and, if need be, selecting appropriate prevention and control options;

risk management means the systematic identification of risk and implementation of all measures necessary for limiting exposure to risk. This includes activities such as collecting data and information, analysing and assessing risk, prescribing and taking action and regular monitoring and review of the process and its outcomes, based on sources and strategies defined by the Contracting Parties or internationally.

Examples of risk management in a sentence

• Prior to its receipt of any funds pursuant to this Grant Agreement, Grantee shall obtain all insurance required under this Section and such insurance shall be subject to the approval by County’s Risk Management, and Grantee shall use diligence to obtain such insurance and to obtain such approval.

• Contractor shall provide notice of any accidents or claims at the Work site to Company’s Manager, Risk Management at Big Rivers Electric Corporation, 000 X.

• Evidence of all required insurances of Contractor shall be submitted electronically to MPS via its third party vendor, EXIGIS Risk Management Services.

• The certificates of insurance shall be mailed to the City of Jacksonville (Attention: Chief of Risk Management), 000 X.

• If the insurance carrier does not have an A.M. Best Rating of A-/VIII, the CEO/Office of 7 Risk Management retains the right to approve or reject a carrier after a review of the company's 8 performance and financial ratings.

More Definitions of risk management

risk management means the systematic identification of risk and implementation of all measures for limiting exposure to risk. This includes activities such as collecting data and information, analyzing and assessing risk, prescribing and taking action and regular monitoring and review of the process, based on international and international sources and strategies.

risk management means an integrated system-wide program to ensure the safety of individuals, employees, visitors, and others through identification, mitigation, early detection, monitoring, evaluation, and control of risks.

risk management. The systematic identification, assessment, planning, and management of threats and opportunities faced by FHWA projects and programs.

risk management means the systematic identification of risk, including through random checks, and the implementation of all measures necessary for limiting exposure to risk;

risk management means the process, distinct from risk assessment, of evaluating policy alternatives, in consultation with all interested parties considering risk assessment and other factors relevant for the protection of health of consumers and for the promotion of fair trade practices, and, if needed, selecting appropriate prevention and control options;

risk management means the systematic identification of risk, including identifying profiles of risky economic operators, and the implementation of all measures necessary for limiting exposure to risk;

risk management means the systematic identification of risk and implementation of all measures necessary for limiting exposure to risk;