The Enterprise and Economic Development Glossary

a resource of the .network library

risk analysis

... investigation of factors (see the definition of risk factor below) that may jeopardize the success of, for example, an enterprise development project; management efforts by business decision makers to learn as much as possible about what will contribute to success and what will take away from it as they prepare to make changes ... external factors can cause your project to fail if you don’t consider all the ‘what ifs’ (quote from The Project Management Pocketbook by Keith Posner & Mike Applegarthe).

risk factor

... a situation or occurrence which can affect the outcome of a decision for change or value of something (see the definition of risk analysis above); something given consideration by an experienced business decision maker before making a change (Business Dictionary.com has a definition). A risk factor is an element of change having a distinct characteristic that is identifiable and measurable to the extent that it can be useful in risk analysis for management purposes (see the definition of risk management below).

risk management

... an organized risk analysis (definition above) effort to discover something that may exist or foresee something that might happen in order to effectively control the process of making decisions for change (see an InvestorWords.com definition). The .network resource archive has more information about risk management, for example, suggestions of keyword searches of the Web. For an additional archive resource, CLICK HERE.

Search for the word risk in the Business Resources section of the .network library.

what are business risk factors / what is risk management / what is business risk analysis

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