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.
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.
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References in periodicals archive ?
What is the enabling environment for inclusive Disaster Risk Reduction (i.
Dr Wan Azizah will also hold a meeting with the special representative of the UN secretary-general for disaster risk reduction, Mami Mizutori.
The Regional Workshop on Sendai Framework for Disaster Risk Reduction, organised by the Permanent Committee for Emergency in co-operation with the United Nations Office for Disaster Risk Reduction (UNISDR), began in Doha Monday with the participation of a number of staff members and representatives of authorities concerned in Qatar.
New Delhi [India], June 14 ( ANI ): Members of the UNISDR ARISE FICCI Board today deliberated on the future course of actions to be taken to accelerate the pace of work in disaster risk reduction (DRR) activities with the new Chairperson, General N C Vij suggesting that the key activity to focus on was urban risk reduction and management instead of spreading resources thinly.
The RCC will discuss opportunities and challenges for implementing at national and regional scale the Sendai Framework for Disaster Risk Reduction, the Sustainable Development Goals (SDGs) and Paris Climate Change Agreement.
While in the 1990s, the focus was more on multi-stakeholder and local governance, from 2000 onward more risk-sensitive investment planning has been emphasized, and risk-informed decision-making has become the core of risk reduction.
During the meeting, Boronov noted the significant contribution of the Government of Japan to disaster risk reduction.
This report calls for the development of a national vision for coastal risk management that includes a long-term view, regional solutions, and recognition of the full array of economic, social, environmental, and life-safety benefits that come from risk reduction efforts.
TEHRAN (FNA)- The Philippines' Department of Foreign Affairs (DFA) announced on Wednesday that the country will host the Asia- Europe Meeting (ASEM) conference on disaster risk reduction and management from June 4 to 6.
NNA - In less than two years, Lebanon will join again the Global Platform for Disaster Risk Reduction, at its fourth session in Geneva - Switzerland, to help reinforce a disaster resilient world, hand in hand with local and international experts who have garnered countless years of experience to serve this goal.
Continued expansion without planning for the increasing risks of climate change could leave many urban residents vulnerable, warns the UN Office for Disaster Risk Reduction. About half the global population lives in urban areas, and that number is expected to rise to 70 percent by 2050.
The relative level of risk reduction for major vascular events, and vascular and all-cause mortality once statin treatment produced the benchmark drop in LDL cholesterol was similar "largely irrespective of age, sex, baseline LDL cholesterol, or previous vascular disease," they wrote.