risk management

English

Noun

risk management (uncountable)

1. The process of determining the maximum acceptable level of overall risk to and from a proposed activity, then using risk assessment techniques to determine the initial level of risk and, if this is excessive, developing a strategy to ameliorate appropriate individual risks until the overall level of risk is reduced to an acceptable level.
   • 2002: InsTech.info, LLC, A short history of risk management: 1900 - 2002 at [1]

     1921: Frank Knight publishes Risk, Uncertainty and Profit, a book that becomes the keystone in the risk management library.

   • a2006: University of Surrey website, Risk Management History read at [2]

     Even if it has deeper foundations, risk management, as it is practiced today, is essentially a post-1960s phenomenon.

   • 2006: BBC News website, How do you judge offenders' risk? read at [3]

     Where release is recommended, a "risk management plan" outlining how the offender will be managed in the community and detailing recommended licence conditions, is also submitted.

Translations

process of dealing with risk

• Afrikaans: risiko bestuur
• Chinese:

  Mandarin: 風險管理 / 风险管理 (zh) (fēngxiǎn guǎnlǐ)

• Czech: řízení rizik n
• Dutch: risicobeheer (nl) n
• Finnish: riskienhallinta
• French: gestion des risques (fr) f, gestion du risque f
• German: Risikomanagement n
• Irish: bainistíocht riosca f
• Korean: 위험관리(危險管理) (wiheomgwalli), 리스크 관리(管理) (riseukeu gwalli)
• Polish: zarządzanie ryzykiem n
• Portuguese: please add this translation if you can
• Russian: please add this translation if you can
• Spanish: gestión de riesgos m
• Swedish: riskhantering c