Apr
28
Risky Management?
April 28, 2011 | Leave a Comment
All human activity involves risk. As such, great lengths are taken to monitor/minimize potential risk as well as monitor/maximize opportunities.
Risk management is the identification, assessment, and prioritization of risks, followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of mal-factors.
Yet even in risk managment, being a human activity in itself, there are areas prone to risks.