Identifying, assessing, and controlling threats to an organization's capital and earnings.
risk assessment – the identification and analysis of relevant risks to achieving the objectives.
risk mitigation – the process of developing options and actions to enhance opportunities and reduce threats to project objectives.
insurance – a contract represented by a policy in which an individual or entity receives financial protection against losses.
hedging – making an investment to reduce the risk of adverse price movements in an asset.
diversification – risk management strategy that mixes a wide variety of investments within a portfolio.
contingency planning – preparing for unexpected events or emergencies.
credit risk – the possibility that a borrower will default on a loan.
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market risk – risk of losses in positions arising from movements in market prices.
compliance risk – risk of legal or regulatory sanctions, financial loss, or reputation damage.
Jakub Marian