Tag Archives: risk phases

Risk Management Process. 1 Step 1: Identify the Risk. The first step is to identify the risks that the business is exposed to in its operating environment. There are many … 2 Step 2: Analyze the Risk. 3 Step 3: View more Risk Management Process Phases→

Importance of Risk Management Risks management is an important process because it empowers a business with the necessary tools so that it can adequately identify potential risks. Once a risk’s been identified, it is then easy to mitigate it. When View more Risk Management→