Understanding Risk Management in Small 7 Steps

Risk management means making steps in order to identify those risks with a highly probability of causing problems to a project, to analyze the probability of loss and the magnitude of loss for each risk and developing composed risks, to classify the risk points identified according to the composed risks they belong to.Risk management problem is quite complex. When such a process is triggered, it must consider several issues in parallel.In this article we detect seven rules (principles) that a risk management department should take into account when deciding to implement a enterprise risk management