riskienvalvontaa
Riskienvalvonta, or risk management, is the process of identifying, assessing, and prioritizing risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and impact of unfortunate events or to maximize the realization of opportunities. It is a critical aspect of project management, business management, and organizational governance. The primary goal of risk management is to ensure that an organization can achieve its objectives despite the presence of uncertainty and risk.
The risk management process typically involves several key steps:
1. Risk Identification: This step involves identifying potential risks that could impact the project or organization.
2. Risk Analysis: Once risks are identified, they need to be analyzed to understand their potential impact
3. Risk Evaluation: This step involves prioritizing risks based on their potential impact and likelihood. This
4. Risk Mitigation: After evaluating risks, strategies are developed to mitigate or eliminate them. This could
5. Risk Monitoring and Control: This ongoing process involves tracking identified risks, monitoring residual risks, and
Effective risk management requires a proactive approach, continuous monitoring, and regular updates to risk management plans.