Risk management is a structured approach to managing uncertainty related to a threat.
Steps in the risk management process
1. Establishing the Context2. Identification
3. Assessment
4. Potential Risk Treatment
5. Create Risk Management Plan
6. Implementation
7. Review and Evaluation of a Plan
Example of Risk Management:
Problem: How to Mend a Broken Heart
Risk | How to solve or mitigate |
1. Car accident | Don’t drunk to much |
2. Cannot concentrate | Relax your self |
3. Always late | Sleep early |
4. Your Pocket become bankrupt | Don’t be stupid, think twice |
5. You will become sick | Eat regularly |
This is my example don't rely on my example just look for other example....:-)