Risk management Risk management refers to the management method that minimizes the risk in the enterprise or project. Risk management refers to the management method of obtaining the maximum security guarantee with the least cost by actively, purposefully and systematically selecting the most effective way through understanding, measuring and analyzing the risk.

Risks can originate from various factors: e.g., uncertainty in financial markets, threats from project failures, legal liabilities, credit risk, natural disasters, accidents, as well as from uncertain or unpredictable events.