Finance School of management Risk management The process of formulating the benefit-cost trade-offs of risk reduction and deciding on the course of action to take .o The appropriateness of a risk-mgmt decision judged in the light of the information available skill or lucky of a decision-maker? uesTc6 Finance School of Management Risk Management The process of formulating the benefit-cost trade-offs of risk reduction and deciding on the course of action to take ❖ The appropriateness of a risk-mgmt decision: judged in the light of the information available ❖ Skill or lucky of a decision-maker?