Risk management is a process which helps an organisation understand and assess the risks it is exposed to. The existence of such a process allows organisations to take the appropriate action, thus increasing the probability of success and reducing the possibility of failure.
Risk management relates to all organisations: big, small, private and public.
- To present basic concepts and models of risk management.
- To present practical methods of identification and analysis of risk in an organisation.
- To discuss methods of risk control and management.