risk management

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risk management

[′risk ‚man·ij·mənt]
(engineering)
The overall systematic approach to analyzing risk and implementing risk controls.

Risk management

The management of an activity, accepting a level of risk which is balanced against the benefit of the activity, usually based on an economic assessment.

risk management

In the building industry, the systemized practice of avoiding potential risks, such as culpability and liability or legal entanglements.

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.
References in periodicals archive ?
Importantly, while LTCM was found to be atypical among hedge fund counterparties, shortcomings in the risk management of hedge fund counterparty exposures appeared to extend beyond this one fund.
Moreover, the March 1999 update to the Federal Reserve's Trading and Capital Markets Activities Manual will incorporate the specific sound practices identified in the Basle documents in a special hedge fund subsection of its existing Counterparty Credit Risk Management section.
Granite Construction, a heavy civil contractor and construction materials producer, was evaluated on their commitment and practice of employee training, health and safety programs, contract preparation, insurance programs, claims history and other risk management practices.
Each year ECS Underwriting recognizes a select group of "Green Contractors" for their outstanding environmental risk management practices.

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