riskijohtamisen

Riskijohtaminen, or risk management, is a systematic process of identifying, assessing, and controlling potential threats and opportunities that could affect an organization's objectives. It involves understanding what could go wrong, how likely it is to happen, and what the impact would be. The primary goal of risk management is to minimize negative impacts and maximize positive outcomes.

The process typically begins with risk identification, where potential risks are brainstormed and documented. This can include strategic risks, operational risks, financial risks, and compliance risks. Once identified, risks are assessed based on their probability of occurrence and their potential severity of impact. This assessment helps prioritize which risks require the most attention.

Following assessment, risk treatment strategies are developed. These can include avoiding the risk altogether, reducing its likelihood or impact, transferring it to another party (e.g., through insurance), or accepting it if the potential impact is deemed low or the cost of mitigation is too high. Finally, risk management involves ongoing monitoring and review to ensure that implemented controls remain effective and to identify any new emerging risks. This continuous cycle is crucial for maintaining a resilient organization.