risk management

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Related to Risk reduction: Risk Avoidance

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 ?
Disaster risk reduction is no longer just a government or community responsibility: it is the collective responsibility of society with the involvement of a wider group of stakeholders.
The premier also pointed out that disaster risk reduction is the most important challenge for both developed and developing countries.
As we approach 2015, there is no room for anything short of full commitment by all to Invest Today for a Safer Tomorrow - Resilient People, Resilient Planet," warned Margareta Wahlstrom, the Special Representative of the Secretary-General for Disaster Risk Reduction, in her foreword message mentioned in the Global platform program.
The first session of national platform for Disaster Risk Reduction will enable the decision makers, partners, experts and practitioners of DRR to come together to deliberate initiatives, share information, promote campaigns and provide useful suggestions relating to Disaster Risk Reduction.
It also highlighted shortcomings in stroke risk reduction services, including guidelines not being followed.
The risk reduction model divided its cohort into nine profiles, ranging from a young, low-risk group to an older, high-risk group.
An online version of NIH's continuing education program for nurses about SIDS risk reduction is now available.
It is against this background that the author of this article was commissioned to carry out two studies for the United Nations Development Program to assess the needs and the capacities of the Lebanese government in the field of disaster risk reduction.
00 risk reduction, is called "the value of a statistical life.
Venous thromboembolism (VTE) occurred in 213 women in the vitamin E group and in 269 of those in the placebo group for a 21% risk reduction (p = 0.
Researchers from Syracuse University, USA conducted a meta-analysis of the influence of HIV risk reduction interventions on sexual occasions, number of partners and abstinence.
Either before or after receiving their results, three-fifths of respondents reporting a recent HW test had received counseling that covered HIV and AIDS, HIV therapy, reasons for testing, risk behaviors or risk reduction.