risk management
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The process of determining the maximum acceptable level of overall risk to and from a proposed activity, then using risk assessment techniques to determine the initial level of risk and, if this is excessive, developing a strategy to ameliorate appropriate individual risks until the overall level of risk is reduced to an acceptable level.
risk management
Effective risk management requires identifying potential hazards, assessing their likelihood and impact, and implementing controls to keep overall exposure within acceptable limits.
Effective risk management requires identifying potential hazards, assessing their likelihood and impact, and implementing controls to keep overall exposure within acceptable limits.
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