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What does 'Risk Management' mean?

Risk management is an essential part of any business or organization. It refers to the process of identifying, assessing, and controlling potential risks that could have an impact on the objectives or success of the company. Companies use risk management to improve decision-making, prevent financial losses, and maintain the safety and well-being of their employees and stakeholders. One of the key features of risk management is its ability to perform risk assessment. This involves identifying potential risks and determining their possibility of occurring and the potential impact they could

Software with Risk Management functionality