Risk management, in the context of finance, is the process of recognizing, analyzing, and accepting (or minimizing) uncertainty in investment decisions.
People typically face more health risks as they get older. A defensive tactic to be ready for the unforeseen, managing pure risk entails identifying, assessing, and taming these risks.
Making investment decisions requires careful consideration of the risks involved. Risk analysis and management involve determining whether or not to accept an investment's risk given the anticipated returns.
A set of quality management standards called ISO 9000 was created as a benchmark for performance by companies and other organizations on a global scale.