A Risk is an uncertain event or condition that if it occurs, has a positive or negative effect on a Project's Objectives.
Risk Management literally refers to the management of the Projects Risk. However, the official definition is:
Risk Management is the act of increasing the probability & impact of positive events and decreasing the probability & impact of adverse events within a project.
The differences between traditional risk management and enterprise risk management are their strategic applications and performance metrics. Enterprise risk management involves the whole organization while traditional risk management is usually more departmentalized.
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if risk management is not done correctly, it puts pressure on quality management. So too if quality management is not carried out correctly, new unforseen risks occur putting strain on risk management
Maybe you can find your answer on wikipedia.They seem to have a reasonable explanation:http://en.wikipedia.org/wiki/Management
The differences between traditional risk management and enterprise risk management are their strategic applications and performance metrics. Enterprise risk management involves the whole organization while traditional risk management is usually more departmentalized.
"Risk management" might be considered to be the umbrella topic. Managing risk can be accomplished by risk avoidance, taking measures to reduce or ameliorate risk, or risk transfer. Insurance is the fundamental form of risk transfer because the financial impact of an untoward event (the risk) is transferred to a third party (the insurer) in return for the payment of a premium.
four differences between fileprocessing system and database management system
differences between document management and database technology
if risk management is not done correctly, it puts pressure on quality management. So too if quality management is not carried out correctly, new unforseen risks occur putting strain on risk management
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Maybe you can find your answer on wikipedia.They seem to have a reasonable explanation:http://en.wikipedia.org/wiki/Management
Risk management involves predicting potential threats and determining the best strategy to deal with those threats, crisis management involves dealing with threats after they have occurred.
Risk is a dangerous choice that a person makes. An uncertainty is how someone feels about the decision.
pure risk is the a situation in which there is a possibility of loss or no loss while speculative risk thereeither profit or loss
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