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risk management |
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risk management The optimal allocation of resources to arrive at a cost-effective investment in defensive measures within an organization. Risk management minimizes both risk and costs. See risk assessment and risk mitigation.risk management [′risk ‚man·ij·mənt] (engineering) The overall systematic approach to analyzing risk and implementing risk controls. risk management In the building industry, the systemized practice of avoiding potential risks, such as culpability and liability or legal entanglements. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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