risk management:
... the manner, practice, or act of making decisions as attempts to control or for controlling, or otherwise handling the persistent but ever changing factors of uncertainly that accompany the state of being or the consequences that time brings to the course of everyday existence. It is an inherent responsibility of every decision maker who seeks to control and not be caught by surprise while on the road to success carrying out a business plan.
The following six fundamentals of risk management are from the definition of risk in Site Location Assistance.com which discusses various related terms and expressions.
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What is the meaning of risk as applied to enterprise and economic development?
See the definition of risk in the this Enterprise and Economic Development Glossary. Also, a glossary definition of risk management is at the top of this page.
Here are some suggested search terms (in italics) for adding more information about risk. Copy, with or without quotation marks, and paste suggestions to the search engine below.
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| definition of "risk vulnerability" |
| definition of "risky course of action" |
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