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Frequently Asked Questions
What is risk management?
Risk management is the process of identifying, assessing, and prioritizing risks to minimize their impact on an
Why is risk management
Risk management is important because it helps organizations anticipate and prepare for potential risks, reducing the likelihood of negative events and their impact.
What are the key steps in risk
The key steps in risk management include risk identification, risk
Who is responsible for
Risk management is a collective responsibility that involves various stakeholders within an organization. Senior
What are some common types
Common types of risks include financial risk, technology risk, operational risk, legal and regulatory risk, reputational risk, and strategic risk. Each type of risk presents unique challenges and requires specific risk management strategies.
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