Risk Management Risk Management: A decision-making process that includes: Assigning priorities to different risks Determining necessary funding to reduce risks to an acceptable level Deciding where greatest benefit will be realized from limited funds Determining acceptable level of risk Planning, enforcement, and monitoringRisk Management • Risk Management Risk Management: A decision-making process that includes: – Assigning priorities priorities to different risks. – Determining necessary funding funding to reduce risks to an acceptable level. – Deciding where greatest benefit benefit will be realized from limited funds. – Determining acceptable level acceptable level of risk. – Planning, enforcement, and monitoring