Risk management is the process in which an organization goes through the process of identifying, assessing, and controlling threats to organizational capital and earning. This risk causes many problems such as financial uncertainty, legal liabilities, strategic management errors, and disasters. Steps of Risk Management Process There are major five steps of the risk management process, however some organizations may go through more or less of the risk management process depending on their type. Following are the basic 5 steps of risk management: Identify the risk Analyze the risk Evaluate or... … Read More »