Risk Analysis & Risk Management: Evaluating And Managing The Risks You Face
Source: Mind Tools
Almost everything we do in nowadays' business world involves a risk of some kind: customer habits change, new competitors appear, and factors outside your control could delay your project. But formal risk analysis and risk management can help you to assess these risks and decide what actions to take to minimize disruptions to your plans. They will also help you to decide whether the strategies you could use to control risk are cost-effective.