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 ?
Our analysis of the use of social media in risk communication about the global H1N1 flu epidemic shows that different cultures and institutions may take very different approaches in using social media to disseminate risk messages and to invite or block public participation in the risk communication and risk management processes.
Patient decisions are increasingly informed through past experiences and relationships (Thornton 2003) and the patient-practitioner relationship is an important aspect of risk communication (Thompson et al 2005).
This paper reviews well-known cases of risk communication activities in northern communities to discuss what we have learned, both there and elsewhere, about communicating risks of contaminants.
Risk communication is a growing area of expertise and a growing necessity in an increasingly unstable world.
Divided into six major sections, Risk communication includes a thorough discussion of such matters as communication models and approaches, legal issues in risk communication, planning and implementation strategies, stakeholder and media roles in risk communication, bioterrorism, and principles of effective oral and written communication, including visual and face-to-face messages.
literature on risk communication spans a vast number of disciplines.
Sessions at the meeting will focus on environmentally-preferable purchasing policies, risk assessment and risk communication.
This convenience sample is justified because the purpose of this study is not to survey the Midwestern college students' skin cancer-related beliefs and behavior, but rather to identify the conditions of positive and negative effects of fear-based risk communication.
Given its importance, risk communication is also covered.
Risk communication is defined as an open two-way exchange of information and opinion about risk, leading to better understanding and better decisions about clinical management.
Effective risk communication tools to define the risk of smallpox as compared to the risk from the vaccine
Risk communication has likewise grown in scholarly attention as a critical component of risk analysis.

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