risk management
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risk management
[′risk ‚man·ij·mənt] (engineering)
The overall systematic approach to analyzing risk and implementing risk controls.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
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.
Illustrated Dictionary of Architecture Copyright © 2012, 2002, 1998 by The McGraw-Hill Companies, Inc. All rights reserved
risk management
In the building industry, the systemized practice of avoiding potential risks, such as culpability and liability or legal entanglements.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
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.Copyright © 1981-2019 by The Computer Language Company Inc. All Rights reserved. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction is strictly prohibited without permission from the publisher.